Tidewater
234 hedge funds and large institutions have $2B invested in Tidewater in 2014 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 89 increasing their positions, 81 reducing their positions, and 35 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 81
0.11% more ownership
Funds ownership: 3.05% → 3.16% (+0.11%)
3% less funds holding
Funds holding: 242 → 234 (-8)
20% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 35
26% less call options, than puts
Call options by funds: $5M | Put options by funds: $6.73M
28% less capital invested
Capital invested by funds: $2.77B → $2B (-$769M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Snow Capital Management
Sewickley,
Pennsylvania
|
+$59M |
| 2 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
+$47.5M |
| 3 |
SAM
Southernsun Asset Management
Memphis,
Tennessee
|
+$30.7M |
| 4 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
+$27.9M |
| 5 |
DSC
Donald Smith & Co
New York
|
+$16.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OH
Orbis Holdings
Hamilton,
Bermuda
|
-$44.7M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$22.8M |
| 3 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$19.7M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$9.38M |
| 5 |
NPPM
North Point Portfolio Managers
Orange Village,
Ohio
|
-$7.51M |
TDW Hedge Fund Activity: Q3 2014 in Review
234 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Tidewater (TDW) for Q3 2014, worth a combined $2B — down 28% from $2.77B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of TDW and 28 opened new positions — a net loss of 7 holders — while 81 trimmed existing stakes and 89 added.
The largest buyer was Snow Capital Management, adding an estimated $59M. The largest seller was Orbis Holdings, cutting an estimated $44.7M.
- 234 institutional investors held Tidewater (TDW) as of Q3 2014, down from 242 in Q2 2014.
- Funds reported $2B of Tidewater stock for Q3 2014, down 28% quarter-over-quarter.
- 28 funds opened new Tidewater positions in Q3 2014 and 35 closed out, a net change of -7 holders.
- The largest Tidewater buyer in Q3 2014 was Snow Capital Management, an estimated $59M added.
- The largest Tidewater seller in Q3 2014 was Orbis Holdings, an estimated $44.7M sold.
Based on aggregated 13F filings for Q3 2014.