Teekay
141 hedge funds and large institutions have $1.99B invested in Teekay in 2013 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 50 increasing their positions, 42 reducing their positions, and 15 closing their positions.
87% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 15
83% more funds holding in top 10
Funds holding in top 10: 6 → 11 (+5)
31% more capital invested
Capital invested by funds: $1.53B → $1.99B (+$468M)
19% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 42
9% more funds holding
Funds holding: 129 → 141 (+12)
8.15% more ownership
Funds ownership: 50.11% → 58.25% (+8.1%)
4% less call options, than puts
Call options by funds: $10.1M | Put options by funds: $10.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EPCM
Eton Park Capital Management
New York
|
+$132M |
| 2 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$106M |
| 3 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$24.5M |
| 4 |
NMVA
New Mountain Vantage Advisers
New York
|
+$24.1M |
| 5 |
Cohen & Steers
New York
|
+$17.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$87.7M |
| 2 |
GTP
Global Thematic Partners
New York
|
-$28.6M |
| 3 |
Parallax Volatility Advisers
San Francisco,
California
|
-$22.3M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$16.6M |
| 5 |
SCM
Sterling Capital Management
Charlotte,
North Carolina
|
-$12.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TH
151
Timber Hill
Greenwich,
Connecticut
| – | -$1.26M | -28,829 | Closed |
|
|
WC
152
Wexford Capital
West Palm Beach,
Florida
| – | -$500K | -11,700 | Closed |
|
|
WAM
153
World Asset Management
Detroit,
Michigan
| – | -$211K | -4,935 | Closed |
|
154
Walleye Trading
New York
| – | -$89.3K | -2,038 | Closed |
|
|
TRCT
155
Tower Research Capital (TRC)
New York
| – | -$25K | -590 | Closed |
|
|
PSI
156
Pinnacle Summer Investments
Fairfax,
Virginia
| – | -$17K | -389 | Closed |
|
|
MA
157
MUFG Americas
New York
| – | -$11K | -253 | Closed |
|
TK Hedge Fund Activity: Q4 2013 in Review
141 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Teekay (TK) for Q4 2013, worth a combined $1.99B — up 31% from $1.53B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new TK positions and 15 closed out — a net gain of 13 holders — while 50 added to existing stakes and 42 trimmed.
The largest buyer was Eton Park Capital Management, opening a new position worth an estimated $132M. The largest seller was State Street, cutting an estimated $87.7M.
- 141 institutional investors held Teekay (TK) as of Q4 2013, up from 129 in Q3 2013.
- Funds reported $1.99B of Teekay stock for Q4 2013, up 31% quarter-over-quarter.
- 28 funds opened new Teekay positions in Q4 2013 and 15 closed out, a net change of +13 holders.
- The largest Teekay buyer in Q4 2013 was Eton Park Capital Management, an estimated $132M added.
- The largest Teekay seller in Q4 2013 was State Street, an estimated $87.7M sold.
Based on aggregated 13F filings for Q4 2013.