Liberty Tax, Inc. Class A
TAX
TAX was delisted on the 1st of August, 2018.
60 hedge funds and large institutions have $133M invested in Liberty Tax, Inc. Class A in 2015 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 16 reducing their positions, and 14 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 16
10% less funds holding
Funds holding: 67 → 60 (-7)
16% less capital invested
Capital invested by funds: $159M → $133M (-$25.4M)
29% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 14
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
+$12.3M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$9.28M |
| 3 |
RA
Royce & Associates
New York
|
+$4.06M |
| 4 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
+$1.43M |
| 5 |
PCM
Perritt Capital Management
Chicago,
Illinois
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$16.9M |
| 2 |
AAM
ACK Asset Management
Greenwich,
Connecticut
|
-$7.33M |
| 3 |
CAD
Craig A. Drill
|
-$2.25M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$1.62M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$1.47M |
TAX Hedge Fund Activity: Q1 2015 in Review
60 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Liberty Tax, Inc. Class A (TAX) for Q1 2015, worth a combined $133M — down 16% from $159M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of TAX and 10 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 25 added.
The largest buyer was Pembroke Management, adding an estimated $12.3M. The largest seller was Columbia Wanger Asset Management, exiting entirely with an estimated $16.9M sold.
- 60 institutional investors held Liberty Tax, Inc. Class A (TAX) as of Q1 2015, down from 67 in Q4 2014.
- Funds reported $133M of Liberty Tax, Inc. Class A stock for Q1 2015, down 16% quarter-over-quarter.
- 10 funds opened new Liberty Tax, Inc. Class A positions in Q1 2015 and 14 closed out, a net change of -4 holders.
- The largest Liberty Tax, Inc. Class A buyer in Q1 2015 was Pembroke Management, an estimated $12.3M added.
- The largest Liberty Tax, Inc. Class A seller in Q1 2015 was Columbia Wanger Asset Management, an estimated $16.9M sold.
Based on aggregated 13F filings for Q1 2015.