Turtle Beach Corp
TBCH
116 hedge funds and large institutions have $99M invested in Turtle Beach Corp in 2019 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 43 increasing their positions, 22 reducing their positions, and 21 closing their positions.
95% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 22
57% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 21
10% more funds holding
Funds holding: 105 → 116 (+11)
0.44% more ownership
Funds ownership: 60.57% → 61% (+0.44%)
20% less capital invested
Capital invested by funds: $123M → $99M (-$24.1M)
50% less call options, than puts
Call options by funds: $8.51M | Put options by funds: $17.1M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$2.73M |
| 2 |
Goldman Sachs
New York
|
+$2.5M |
| 3 |
SIM
Spark Investment Management
New York
|
+$2.38M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.36M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$1.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCS
Harvest Capital Strategies
San Francisco,
California
|
-$3.65M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$3.6M |
| 3 |
MHP
Manatuck Hill Partners
Westport,
Connecticut
|
-$3.49M |
| 4 |
3C
361 Capital
Denver,
Colorado
|
-$2.16M |
| 5 |
GIPM
G2 Investment Partners Management
New York
|
-$1.98M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GAM
126
Gotham Asset Management
New York
| – | -$171K | -11,987 | Closed |
|
127
Walleye Trading
New York
| – | -$180K | -11,925 | Closed |
|
|
OC
128
Oppenheimer & Co
New York
| – | -$144K | -10,102 | Closed |
|
|
DC
129
Davenport & Co
Richmond,
Virginia
| – | -$144K | -10,075 | Closed |
|
|
IA
130
IFP Advisors
Tampa,
Florida
| – | -$6K | -400 | Closed |
|
|
CG
131
Cutler Group
San Francisco,
California
| – | -$5K | -396 | Closed |
|
|
CCMW
132
Cypress Capital Management (Wyoming)
Sheridan,
Wyoming
| – | -$3K | -205 | Closed |
|
|
GWMIA
133
Global Wealth Management Investment Advisory
Fort Lauderdale,
Florida
| – | -$3K | -200 | Closed |
|
TBCH Hedge Fund Activity: Q1 2019 in Review
116 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Turtle Beach Corp (TBCH) for Q1 2019, worth a combined $99M — down 20% from $123M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new TBCH positions and 21 closed out — a net gain of 12 holders — while 43 added to existing stakes and 22 trimmed.
The largest buyer was Millennium Management, adding an estimated $2.73M. The largest seller was Harvest Capital Strategies, exiting entirely with an estimated $3.65M sold.
- 116 institutional investors held Turtle Beach Corp (TBCH) as of Q1 2019, up from 105 in Q4 2018.
- Funds reported $99M of Turtle Beach Corp stock for Q1 2019, down 20% quarter-over-quarter.
- 33 funds opened new Turtle Beach Corp positions in Q1 2019 and 21 closed out, a net change of +12 holders.
- The largest Turtle Beach Corp buyer in Q1 2019 was Millennium Management, an estimated $2.73M added.
- The largest Turtle Beach Corp seller in Q1 2019 was Harvest Capital Strategies, an estimated $3.65M sold.
Based on aggregated 13F filings for Q1 2019.