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Sterling Infrastructure

124 hedge funds and large institutions have $239M invested in Sterling Infrastructure in 2018 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 40 increasing their positions, 45 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

350% more call options, than puts

Call options by funds: $1.5M | Put options by funds: $332K

2.1% more ownership

Funds ownership: 75.01%77.1% (+2.1%)

3% less funds holding

Funds holding: 128124 (-4)

11% less repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 45

17% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 24

27% less capital invested

Capital invested by funds: $330M → $239M (-$90.6M)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
124
Holders Change
-4
Holders Change %
-3.13%
% of All Funds
2.84%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
20
Increased
40
Reduced
45
Closed
24
Calls
$1.5M
Puts
$332K
Net Calls
+$1.16M
Net Calls Change
-$957K
Name Holding Trade Value Shares
Change
Change in
Stake
Renaissance Technologies
1
Renaissance Technologies
New York
$25.1M +$3.47M +262,396 +14%
BlackRock
2
BlackRock
New York
$20.5M +$171K +12,964 +0.7%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$18.3M +$420K +31,788 +2%
2L
4
22NW LP
Washington
$13.7M +$910K +68,927 +6%
Vanguard Group
5
Vanguard Group
Pennsylvania
$13.2M +$491K +37,210 +3%
Millennium Management
6
Millennium Management
New York
$11.5M +$1.8M +136,147 +16%
NC
7
Northpointe Capital
Michigan
$5.65M +$1.53M +115,560 +31%
FP
8
Foundry Partners
Minnesota
$5.43M +$1.35M +102,075 +27%
BCM
9
Bridgeway Capital Management
Texas
$5.21M -$3.96K -300 -0.1%
AIS
10
AlphaOne Investment Services
Pennsylvania
$5.19M +$140K +10,627 +2%
State Street
11
State Street
Massachusetts
$5.03M +$114K +8,661 +2%
DCM
12
Driehaus Capital Management
Illinois
$4.78M +$230K +17,411 +4%
TAM
13
THB Asset Management
Connecticut
$4.44M +$614K +46,488 +14%
TCM
14
Tygh Capital Management
Oregon
$3.94M +$4.55M +344,225 New
Franklin Resources
15
Franklin Resources
California
$3.87M -$765K -57,935 -15%
KCM
16
Kennedy Capital Management
Missouri
$3.84M -$406K -30,740 -8%
Allianz Asset Management
17
Allianz Asset Management
Germany
$3.83M +$1.22M +92,532 +38%
SCM
18
Signia Capital Management
Washington
$3.36M +$2.07M +156,427 +115%
Invesco
19
Invesco
Georgia
$3.21M -$73.4K -5,559 -2%
PRCP
20
Pacific Ridge Capital Partners
Oregon
$3.2M -$6.74K -510 -0.2%
Northern Trust
21
Northern Trust
Illinois
$3.19M -$62.6K -4,739 -2%
DGHMC
22
Dalton, Greiner, Hartman, Maher & Co
New York
$3.19M +$789K +59,765 +27%
ACM
23
Argent Capital Management
Missouri
$3M -$1.16M -87,920 -25%
First Trust Advisors
24
First Trust Advisors
Illinois
$2.98M -$1.4M -106,327 -29%
Deutsche Bank
25
Deutsche Bank
Germany
$2.96M +$925K +70,035 +37%

STRL Hedge Fund Activity: Q1 2018 in Review

124 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Sterling Infrastructure (STRL) for Q1 2018, worth a combined $239M — down 27% from $330M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of STRL and 20 opened new positions — a net loss of 4 holders — while 45 trimmed existing stakes and 40 added.

The largest buyer was Tygh Capital Management, opening a new position worth an estimated $4.55M. The largest seller was Hennessy Advisors Inc, exiting entirely with an estimated $6.99M sold.

  • 124 institutional investors held Sterling Infrastructure (STRL) as of Q1 2018, down from 128 in Q4 2017.
  • Funds reported $239M of Sterling Infrastructure stock for Q1 2018, down 27% quarter-over-quarter.
  • 20 funds opened new Sterling Infrastructure positions in Q1 2018 and 24 closed out, a net change of -4 holders.
  • The largest Sterling Infrastructure buyer in Q1 2018 was Tygh Capital Management, an estimated $4.55M added.
  • The largest Sterling Infrastructure seller in Q1 2018 was Hennessy Advisors Inc, an estimated $6.99M sold.

Based on aggregated 13F filings for Q1 2018.