Texas Capital Bancshares
TCBI
194 hedge funds and large institutions have $2.65B invested in Texas Capital Bancshares in 2013 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 65 increasing their positions, 71 reducing their positions, and 13 closing their positions.
208% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 13
39% more capital invested
Capital invested by funds: $1.91B → $2.65B (+$744M)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
15% more funds holding
Funds holding: 169 → 194 (+25)
8% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 71
47% less call options, than puts
Call options by funds: $946K | Put options by funds: $1.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$45.8M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$28.4M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$27.4M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$20.7M |
| 5 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$18.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$78.8M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$48.5M |
| 3 |
CC
Carlson Capital
Dallas,
Texas
|
-$16.2M |
| 4 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
-$15.1M |
| 5 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
-$11.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SH
201
Scepter Holdings
Fort Worth,
Texas
| – | -$459K | -10,000 | Closed |
|
|
DC
202
Deere & Company
Moline,
Illinois
| – | -$335K | -7,294 | Closed |
|
|
PCM
203
Palouse Capital Management
Spokane,
Washington
| – | -$282K | -6,135 | Closed |
|
|
CCM
204
Catapult Capital Management
New York
| – | -$261K | -5,694 | Closed |
|
|
GT
205
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$42K | -920 | Closed |
|
|
PCM
206
Prelude Capital Management
New York
| – | -$30K | -650 | Closed |
|
207
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$28K | -600 | Closed |
|
|
QT
208
Quantbot Technologies
New York
| – | -$9K | -200 | Closed |
|
TCBI Hedge Fund Activity: Q4 2013 in Review
194 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Texas Capital Bancshares (TCBI) for Q4 2013, worth a combined $2.65B — up 39% from $1.91B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new TCBI positions and 13 closed out — a net gain of 27 holders — while 65 added to existing stakes and 71 trimmed.
The largest buyer was State Street, adding an estimated $45.8M. The largest seller was Fidelity Investments, cutting an estimated $78.8M.
- 194 institutional investors held Texas Capital Bancshares (TCBI) as of Q4 2013, up from 169 in Q3 2013.
- Funds reported $2.65B of Texas Capital Bancshares stock for Q4 2013, up 39% quarter-over-quarter.
- 40 funds opened new Texas Capital Bancshares positions in Q4 2013 and 13 closed out, a net change of +27 holders.
- The largest Texas Capital Bancshares buyer in Q4 2013 was State Street, an estimated $45.8M added.
- The largest Texas Capital Bancshares seller in Q4 2013 was Fidelity Investments, an estimated $78.8M sold.
Based on aggregated 13F filings for Q4 2013.