Molson Coors Class B
TAP
506 hedge funds and large institutions have $14.8B invested in Molson Coors Class B in 2017 Q2 according to their latest regulatory filings, with 52 funds opening new positions, 191 increasing their positions, 193 reducing their positions, and 80 closing their positions.
2.68% more ownership
Funds ownership: 85.03% → 87.71% (+2.7%)
1% less repeat investments, than reductions
Existing positions increased: 191 | Existing positions reduced: 193
6% less funds holding
Funds holding: 537 → 506 (-31)
7% less capital invested
Capital invested by funds: $15.8B → $14.8B (-$1.07B)
22% less call options, than puts
Call options by funds: $75.6M | Put options by funds: $96.9M
35% less first-time investments, than exits
New positions opened: 52 | Existing positions closed: 80
43% less funds holding in top 10
Funds holding in top 10: 14 → 8 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IFP
Independent Franchise Partners
London,
United Kingdom
|
+$477M |
| 2 |
MC
Maverick Capital
Dallas,
Texas
|
+$471M |
| 3 |
JP Morgan Chase
New York
|
+$371M |
| 4 |
Lazard Asset Management
New York
|
+$288M |
| 5 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$190M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$292M |
| 2 |
Bank of New York Mellon
New York
|
-$124M |
| 3 |
HCM
Highline Capital Management
New York
|
-$112M |
| 4 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$107M |
| 5 |
PCM
Pennant Capital Management
Summit,
New Jersey
|
-$99.5M |
TAP Hedge Fund Activity: Q2 2017 in Review
506 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Molson Coors Class B (TAP) for Q2 2017, worth a combined $14.8B — down 6.8% from $15.8B a quarter earlier.
Sellers outnumbered buyers: 80 funds closed out of TAP and 52 opened new positions — a net loss of 28 holders — while 193 trimmed existing stakes and 191 added.
The largest buyer was Independent Franchise Partners, opening a new position worth an estimated $477M. The largest seller was Wellington Management Group, cutting an estimated $292M.
- 506 institutional investors held Molson Coors Class B (TAP) as of Q2 2017, down from 537 in Q1 2017.
- Funds reported $14.8B of Molson Coors Class B stock for Q2 2017, down 6.8% quarter-over-quarter.
- 52 funds opened new Molson Coors Class B positions in Q2 2017 and 80 closed out, a net change of -28 holders.
- The largest Molson Coors Class B buyer in Q2 2017 was Independent Franchise Partners, an estimated $477M added.
- The largest Molson Coors Class B seller in Q2 2017 was Wellington Management Group, an estimated $292M sold.
Based on aggregated 13F filings for Q2 2017.