Shutterstock
SSTK
120 hedge funds and large institutions have $1.54B invested in Shutterstock in 2014 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 51 increasing their positions, 38 reducing their positions, and 14 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
36% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 14
34% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 38
3% more funds holding
Funds holding: 116 → 120 (+4)
0.2% less ownership
Funds ownership: 61.38% → 61.18% (-0.2%)
14% less capital invested
Capital invested by funds: $1.79B → $1.54B (-$249M)
21% less call options, than puts
Call options by funds: $4.29M | Put options by funds: $5.42M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$16.2M |
| 2 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
+$15.1M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$11.6M |
| 4 |
HLA
Hamilton Lane Advisors
Conshohocken,
Pennsylvania
|
+$9.24M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$6.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IHG
Insight Holdings Group
New York
|
-$98.7M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$4.51M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$4.14M |
| 4 |
CCM
Cupps Capital Management
Chicago,
Illinois
|
-$3.37M |
| 5 |
NIP
Nicholas Investment Partners
Rancho Santa Fe,
California
|
-$3M |
SSTK Hedge Fund Activity: Q3 2014 in Review
120 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Shutterstock (SSTK) for Q3 2014, worth a combined $1.54B — down 14% from $1.79B a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new SSTK positions and 14 closed out — a net gain of 5 holders — while 51 added to existing stakes and 38 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $16.2M. The largest seller was Insight Holdings Group, cutting an estimated $98.7M.
- 120 institutional investors held Shutterstock (SSTK) as of Q3 2014, up from 116 in Q2 2014.
- Funds reported $1.54B of Shutterstock stock for Q3 2014, down 14% quarter-over-quarter.
- 19 funds opened new Shutterstock positions in Q3 2014 and 14 closed out, a net change of +5 holders.
- The largest Shutterstock buyer in Q3 2014 was T. Rowe Price Associates, an estimated $16.2M added.
- The largest Shutterstock seller in Q3 2014 was Insight Holdings Group, an estimated $98.7M sold.
Based on aggregated 13F filings for Q3 2014.