Liberty Tax, Inc. Class A
TAX
TAX was delisted on the 1st of August, 2018.
12 hedge funds and large institutions have $8.46M invested in Liberty Tax, Inc. Class A in 2018 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 1 increasing their positions, 3 reducing their positions, and 53 closing their positions.
67% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 3
81% less funds holding
Funds holding: 62 → 12 (-50)
81% less capital invested
Capital invested by funds: $45.7M → $8.46M (-$37.2M)
94% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 53
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tudor Investment Corp
Stamford,
Connecticut
|
+$789K |
| 2 |
California Public Employees Retirement System
Sacramento,
California
|
+$94.9K |
| 3 |
Russell Investments Group
London,
United Kingdom
|
+$85K |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$19K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cannell Capital
Alta,
Wyoming
|
-$7.03M |
| 2 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$6.53M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$3.35M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.93M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$2.57M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$22K | -2,796 | Closed |
|
|
FDCDDQ
52
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| – | -$12.9K | -1,600 | Closed |
|
53
Citigroup
New York
| – | -$12K | -1,511 | Closed |
|
54
Bessemer Group
Woodbridge,
New Jersey
| – | -$6K | -800 | Closed |
|
55
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$5K | -665 | Closed |
|
56
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$5K | -622 | Closed |
|
|
TRCT
57
Tower Research Capital (TRC)
New York
| – | -$5K | -621 | Closed |
|
|
QI
58
QS Investors
New York
| – | -$3K | -405 | Closed |
|
|
LTFS
59
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$2K | -200 | Closed |
|
|
DA
60
Denali Advisors
San Diego,
California
| – | -$1K | -125 | Closed |
|
61
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$1K | -86 | Closed |
|
62
BNP Paribas Financial Markets
Paris,
France
| – | -$638 | -79 | Closed |
|
63
UBS Group
Zurich,
Switzerland
| – | -$1K | -75 | Closed |
|
TAX Hedge Fund Activity: Q3 2018 in Review
12 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Liberty Tax, Inc. Class A (TAX) for Q3 2018, worth a combined $8.46M — down 81% from $45.7M a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of TAX and 3 opened new positions — a net loss of 50 holders — while 3 trimmed existing stakes and 1 added.
The largest buyer was Tudor Investment Corp, opening a new position worth an estimated $789K. The largest seller was Cannell Capital, exiting entirely with an estimated $7.03M sold.
- 12 institutional investors held Liberty Tax, Inc. Class A (TAX) as of Q3 2018, down from 62 in Q2 2018.
- Funds reported $8.46M of Liberty Tax, Inc. Class A stock for Q3 2018, down 81% quarter-over-quarter.
- 3 funds opened new Liberty Tax, Inc. Class A positions in Q3 2018 and 53 closed out, a net change of -50 holders.
- The largest Liberty Tax, Inc. Class A buyer in Q3 2018 was Tudor Investment Corp, an estimated $789K added.
- The largest Liberty Tax, Inc. Class A seller in Q3 2018 was Cannell Capital, an estimated $7.03M sold.
Based on aggregated 13F filings for Q3 2018.