Straight Path Communications Inc.
STRP
STRP was delisted on the 27th of February, 2018.
63 hedge funds and large institutions have $102M invested in Straight Path Communications Inc. in 2016 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 22 reducing their positions, and 15 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
18% more call options, than puts
Call options by funds: $6.01M | Put options by funds: $5.1M
4% more capital invested
Capital invested by funds: $98.3M → $102M (+$3.7M)
5% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 22
13% less funds holding
Funds holding: 72 → 63 (-9)
60% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Archer Capital Management
New York
|
+$10.1M |
| 2 |
SAAM
Solus Alternative Asset Management
Summit,
New Jersey
|
+$4.2M |
| 3 |
ZDA
Zweig-DiMenna Associates
New York
|
+$1.06M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$960K |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$514K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
-$1.49M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.21M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$1.2M |
| 4 |
ACM
Atika Capital Management
New York
|
-$997K |
| 5 |
HCM
Highbridge Capital Management
New York
|
-$456K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RFA
76
Reilly Financial Advisors
La Mesa,
California
| – | -$14K | -500 | Closed |
|
|
TRCT
77
Tower Research Capital (TRC)
New York
| – | -$10K | -379 | Closed |
|
78
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$1K | -22 | Closed |
|
STRP Hedge Fund Activity: Q3 2016 in Review
63 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Straight Path Communications Inc. (STRP) for Q3 2016, worth a combined $102M — up 3.8% from $98.3M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of STRP and 6 opened new positions — a net loss of 9 holders — while 22 trimmed existing stakes and 21 added.
The largest buyer was Archer Capital Management, adding an estimated $10.1M. The largest seller was HighTower Advisors, exiting entirely with an estimated $1.49M sold.
- 63 institutional investors held Straight Path Communications Inc. (STRP) as of Q3 2016, down from 72 in Q2 2016.
- Funds reported $102M of Straight Path Communications Inc. stock for Q3 2016, up 3.8% quarter-over-quarter.
- 6 funds opened new Straight Path Communications Inc. positions in Q3 2016 and 15 closed out, a net change of -9 holders.
- The largest Straight Path Communications Inc. buyer in Q3 2016 was Archer Capital Management, an estimated $10.1M added.
- The largest Straight Path Communications Inc. seller in Q3 2016 was HighTower Advisors, an estimated $1.49M sold.
Based on aggregated 13F filings for Q3 2016.