Tecnoglass
TGLS
7 hedge funds and large institutions have $10.5M invested in Tecnoglass in 2014 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
17% more funds holding
Funds holding: 6 → 7 (+1)
2% less capital invested
Capital invested by funds: $10.7M → $10.5M (-$212K)
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$3.27M |
| 2 |
California Public Employees Retirement System
Sacramento,
California
|
+$898K |
| 3 |
Morgan Stanley
New York
|
+$20K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.62M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$676K |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$121K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$3.94K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PAMP
1
Polar Asset Management Partners
Toronto,
Ontario, Canada
| $7.11M | -$676K | -60,978 | -9% |
|
|
SRFM
2
Shannon River Fund Management
New York
| $1.21M | – | – | – |
|
|
PRCM
3
Pine River Capital Management
Minnetonka,
Minnesota
| $1.18M | +$3.27M | +295,100 | New |
|
|
4
California Public Employees Retirement System
Sacramento,
California
| $978K | +$898K | +81,000 | New |
|
|
5
Morgan Stanley
New York
| $22K | +$20K | +1,800 | +4,390% |
|
|
GSC
6
Ground Swell Capital
Folly Beach,
South Carolina
| $4K | +$3.74K | +337 | New |
|
|
TRCT
7
Tower Research Capital (TRC)
New York
| $2K | -$3.94K | -355 | -63% |
|
|
8
Bank of America
Charlotte,
North Carolina
| – | -$2.62M | -248,000 | Closed |
|
|
CS
9
Credit Suisse
Zurich,
Switzerland
| – | -$121K | -11,500 | Closed |
|
TGLS Hedge Fund Activity: Q2 2014 in Review
7 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Tecnoglass (TGLS) for Q2 2014, worth a combined $10.5M — down 2% from $10.7M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new TGLS positions and 2 closed out — a net gain of 1 holder — while 1 added to existing stakes and 2 trimmed.
The largest buyer was Pine River Capital Management, opening a new position worth an estimated $3.27M. The largest seller was Bank of America, exiting entirely with an estimated $2.62M sold.
- 7 institutional investors held Tecnoglass (TGLS) as of Q2 2014, up from 6 in Q1 2014.
- Funds reported $10.5M of Tecnoglass stock for Q2 2014, down 2% quarter-over-quarter.
- 3 funds opened new Tecnoglass positions in Q2 2014 and 2 closed out, a net change of +1 holder.
- The largest Tecnoglass buyer in Q2 2014 was Pine River Capital Management, an estimated $3.27M added.
- The largest Tecnoglass seller in Q2 2014 was Bank of America, an estimated $2.62M sold.
Based on aggregated 13F filings for Q2 2014.