Trekor Metals
67 hedge funds and large institutions have $68.7M invested in Trekor Metals in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 23 reducing their positions, and 14 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
8% less call options, than puts
Call options by funds: $254K | Put options by funds: $277K
9% less funds holding
Funds holding: 74 → 67 (-7)
15.04% less ownership
Funds ownership: 29.15% → 14.1% (-15%)
30% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 23
38% less capital invested
Capital invested by funds: $111M → $68.7M (-$42.6M)
50% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$3.38M |
| 2 |
Renaissance Technologies
New York
|
+$1.2M |
| 3 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$276K |
| 4 |
Two Sigma Investments
New York
|
+$245K |
| 5 |
GRP
Geologic Resource Partners
Boston,
Massachusetts
|
+$227K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIM
RS Investment Management
San Francisco,
California
|
-$56.2M |
| 2 |
U
UBS
Zurich,
Switzerland
|
-$2.68M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$2.05M |
| 4 |
LP
LMR Partners
London,
United Kingdom
|
-$630K |
| 5 |
Morgan Stanley
New York
|
-$430K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PP
76
Patten & Patten
Chattanooga,
Tennessee
| – | -$26K | -13,000 | Closed |
|
77
Comerica Bank
Dallas,
Texas
| – | -$22K | -11,282 | Closed |
|
78
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$20K | -10,405 | Closed |
|
79
Schroder Investment Management Group
London,
United Kingdom
| – | -$15.9K | -8,000 | Closed |
|
|
AIG
80
American International Group
New York
| – | -$1.97K | -1,000 | Closed |
|
TGB Hedge Fund Activity: Q2 2014 in Review
67 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in Trekor Metals (TGB) for Q2 2014, worth a combined $68.7M — down 38% from $111M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of TGB and 7 opened new positions — a net loss of 7 holders — while 23 trimmed existing stakes and 16 added.
The largest buyer was Norges Bank, adding an estimated $3.38M. The largest seller was RS Investment Management, exiting entirely with an estimated $56.2M sold.
- 67 institutional investors held Trekor Metals (TGB) as of Q2 2014, down from 74 in Q1 2014.
- Funds reported $68.7M of Trekor Metals stock for Q2 2014, down 38% quarter-over-quarter.
- 7 funds opened new Trekor Metals positions in Q2 2014 and 14 closed out, a net change of -7 holders.
- The largest Trekor Metals buyer in Q2 2014 was Norges Bank, an estimated $3.38M added.
- The largest Trekor Metals seller in Q2 2014 was RS Investment Management, an estimated $56.2M sold.
Based on aggregated 13F filings for Q2 2014.