Stewart Information Services
154 hedge funds and large institutions have $947M invested in Stewart Information Services in 2016 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 36 increasing their positions, 58 reducing their positions, and 14 closing their positions.
86% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 14
8% more capital invested
Capital invested by funds: $873M → $947M (+$73.1M)
8% more funds holding
Funds holding: 143 → 154 (+11)
1.3% more ownership
Funds ownership: 90.31% → 91.61% (+1.3%)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
36% less call options, than puts
Call options by funds: $347K | Put options by funds: $543K
38% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 58
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SV
Starboard Value
New York
|
+$104M |
| 2 |
MC
MIG Capital
Newport Beach,
California
|
+$16.9M |
| 3 |
RCM
Roystone Capital Management
New York
|
+$11.2M |
| 4 |
NCM
Numina Capital Management
New York
|
+$8.01M |
| 5 |
Millennium Management
New York
|
+$7.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$25.4M |
| 2 |
TCGI
Three Corner Global Investors
New York
|
-$17.5M |
| 3 |
NM
Newtyn Management
New York
|
-$16.6M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$16.3M |
| 5 |
Morgan Stanley
New York
|
-$12.8M |
STC Hedge Fund Activity: Q3 2016 in Review
154 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Stewart Information Services (STC) for Q3 2016, worth a combined $947M — up 8.4% from $873M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new STC positions and 14 closed out — a net gain of 12 holders — while 36 added to existing stakes and 58 trimmed.
The largest buyer was Starboard Value, opening a new position worth an estimated $104M. The largest seller was Basswood Capital Management, cutting an estimated $25.4M.
- 154 institutional investors held Stewart Information Services (STC) as of Q3 2016, up from 143 in Q2 2016.
- Funds reported $947M of Stewart Information Services stock for Q3 2016, up 8.4% quarter-over-quarter.
- 26 funds opened new Stewart Information Services positions in Q3 2016 and 14 closed out, a net change of +12 holders.
- The largest Stewart Information Services buyer in Q3 2016 was Starboard Value, an estimated $104M added.
- The largest Stewart Information Services seller in Q3 2016 was Basswood Capital Management, an estimated $25.4M sold.
Based on aggregated 13F filings for Q3 2016.