Stewart Information Services
153 hedge funds and large institutions have $777M invested in Stewart Information Services in 2017 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 62 increasing their positions, 39 reducing their positions, and 24 closing their positions.
59% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 39
3.91% less ownership
Funds ownership: 90.62% → 86.71% (-3.9%)
7% less funds holding
Funds holding: 164 → 153 (-11)
20% less capital invested
Capital invested by funds: $975M → $777M (-$197M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
38% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 24
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $698K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$23M |
| 2 |
MWNA
Marshall Wace North America
New York
|
+$10.6M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$8.96M |
| 4 |
Goldman Sachs
New York
|
+$7M |
| 5 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$6.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$90.8M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$18.5M |
| 3 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$7.82M |
| 4 |
1M
13D Management
New York
|
-$7.35M |
| 5 |
FAM
Foundation Asset Management
White Plains,
New York
|
-$5.88M |
STC Hedge Fund Activity: Q3 2017 in Review
153 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Stewart Information Services (STC) for Q3 2017, worth a combined $777M — down 20% from $975M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of STC and 15 opened new positions — a net loss of 9 holders — while 39 trimmed existing stakes and 62 added.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $23M. The largest seller was Driehaus Capital Management, exiting entirely with an estimated $90.8M sold.
- 153 institutional investors held Stewart Information Services (STC) as of Q3 2017, down from 164 in Q2 2017.
- Funds reported $777M of Stewart Information Services stock for Q3 2017, down 20% quarter-over-quarter.
- 15 funds opened new Stewart Information Services positions in Q3 2017 and 24 closed out, a net change of -9 holders.
- The largest Stewart Information Services buyer in Q3 2017 was Laurion Capital Management, an estimated $23M added.
- The largest Stewart Information Services seller in Q3 2017 was Driehaus Capital Management, an estimated $90.8M sold.
Based on aggregated 13F filings for Q3 2017.