Teekay
112 hedge funds and large institutions have $181M invested in Teekay in 2017 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 46 increasing their positions, 27 reducing their positions, and 39 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 27
12.52% less ownership
Funds ownership: 44.05% → 31.53% (-13%)
18% less funds holding
Funds holding: 137 → 112 (-25)
47% less capital invested
Capital invested by funds: $345M → $181M (-$163M)
64% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 39
84% less call options, than puts
Call options by funds: $858K | Put options by funds: $5.29M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.59M |
| 2 |
Goldman Sachs
New York
|
+$3.35M |
| 3 |
WSC
Wellington Shields & Co
New York
|
+$1.59M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.33M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$971K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAM
Goldentree Asset Management
New York
|
-$30.4M |
| 2 |
Morgan Stanley
New York
|
-$16.7M |
| 3 |
SM
Senvest Management
New York
|
-$10.9M |
| 4 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$8.87M |
| 5 |
RCIM
Russell Clark Investment Management
London,
United Kingdom
|
-$4.36M |
TK Hedge Fund Activity: Q2 2017 in Review
112 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Teekay (TK) for Q2 2017, worth a combined $181M — down 47% from $345M a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of TK and 14 opened new positions — a net loss of 25 holders — while 27 trimmed existing stakes and 46 added.
The largest buyer was Bank of America, adding an estimated $3.59M. The largest seller was Goldentree Asset Management, exiting entirely with an estimated $30.4M sold.
- 112 institutional investors held Teekay (TK) as of Q2 2017, down from 137 in Q1 2017.
- Funds reported $181M of Teekay stock for Q2 2017, down 47% quarter-over-quarter.
- 14 funds opened new Teekay positions in Q2 2017 and 39 closed out, a net change of -25 holders.
- The largest Teekay buyer in Q2 2017 was Bank of America, an estimated $3.59M added.
- The largest Teekay seller in Q2 2017 was Goldentree Asset Management, an estimated $30.4M sold.
Based on aggregated 13F filings for Q2 2017.