Tidewater
180 hedge funds and large institutions have $336M invested in Tidewater in 2016 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 72 increasing their positions, 53 reducing their positions, and 40 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 53
14% more call options, than puts
Call options by funds: $2.85M | Put options by funds: $2.49M
0.38% less ownership
Funds ownership: 3.68% → 3.29% (-0.38%)
9% less funds holding
Funds holding: 197 → 180 (-17)
12% less capital invested
Capital invested by funds: $384M → $336M (-$47.7M)
40% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 40
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$7.12M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$4.7M |
| 3 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$3.81M |
| 4 |
D.E. Shaw & Co
New York
|
+$2.68M |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$2.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$10.7M |
| 2 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
-$6.57M |
| 3 |
SIM
Sprucegrove Investment Management
Toronto,
Ontario, Canada
|
-$6.32M |
| 4 |
AC
Amici Capital
New York
|
-$3.72M |
| 5 |
Bank of New York Mellon
New York
|
-$3.55M |
TDW Hedge Fund Activity: Q1 2016 in Review
180 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Tidewater (TDW) for Q1 2016, worth a combined $336M — down 12% from $384M a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of TDW and 24 opened new positions — a net loss of 16 holders — while 53 trimmed existing stakes and 72 added.
The largest buyer was Renaissance Technologies, adding an estimated $7.12M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $10.7M sold.
- 180 institutional investors held Tidewater (TDW) as of Q1 2016, down from 197 in Q4 2015.
- Funds reported $336M of Tidewater stock for Q1 2016, down 12% quarter-over-quarter.
- 24 funds opened new Tidewater positions in Q1 2016 and 40 closed out, a net change of -16 holders.
- The largest Tidewater buyer in Q1 2016 was Renaissance Technologies, an estimated $7.12M added.
- The largest Tidewater seller in Q1 2016 was DePrince Race & Zollo Inc (DRZ), an estimated $10.7M sold.
Based on aggregated 13F filings for Q1 2016.