TriNet
TNET
104 hedge funds and large institutions have $971M invested in TriNet in 2015 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 40 increasing their positions, 31 reducing their positions, and 57 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
29% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 31
4.84% more ownership
Funds ownership: 77.13% → 81.97% (+4.8%)
24% less call options, than puts
Call options by funds: $3.18M | Put options by funds: $4.16M
27% less funds holding
Funds holding: 143 → 104 (-39)
29% less capital invested
Capital invested by funds: $1.37B → $971M (-$401M)
67% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 57
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Cadian Capital Management
New York
|
+$95.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$65.4M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$46.1M |
| 4 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$26.1M |
| 5 |
CCM
Clovis Capital Management
New York
|
+$17.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tiger Global Management
New York
|
-$45.6M |
| 2 |
TCCM
Two Creeks Capital Management
New York
|
-$37.7M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$37.5M |
| 4 |
BTP
Bloom Tree Partners
New York
|
-$25.7M |
| 5 |
Goldman Sachs
New York
|
-$23.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QT
151
Quantbot Technologies
New York
| – | -$238K | -9,409 | Closed |
|
|
ECM
152
Element Capital Management
New York
| – | -$228K | -9,000 | Closed |
|
|
TRCT
153
Tower Research Capital (TRC)
New York
| – | -$195K | -7,706 | Closed |
|
154
Walleye Trading
New York
| – | -$118K | -5,755 | Closed |
|
|
RFC
155
Russell Frank Company
Seattle,
Washington
| – | -$121K | -4,770 | Closed |
|
|
N
156
Nuveen
Charlotte,
North Carolina
| – | -$483 | -3,044 | Closed |
|
|
PCM
157
Prelude Capital Management
New York
| – | -$61K | -2,400 | Closed |
|
158
Fuller & Thaler Asset Management
San Mateo,
California
| – | -$23K | -900 | Closed |
|
|
IPC
159
Independent Portfolio Consultants
Boca Raton,
Florida
| – | -$3K | -125 | Closed |
|
|
FPFS
160
First Personal Financial Services
Charlotte,
North Carolina
| – | -$1K | -30 | Closed |
|
TNET Hedge Fund Activity: Q3 2015 in Review
104 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in TriNet (TNET) for Q3 2015, worth a combined $971M — down 29% from $1.37B a quarter earlier.
Sellers outnumbered buyers: 57 funds closed out of TNET and 19 opened new positions — a net loss of 38 holders — while 31 trimmed existing stakes and 40 added.
The largest buyer was Cadian Capital Management, opening a new position worth an estimated $95.2M. The largest seller was Tiger Global Management, exiting entirely with an estimated $45.6M sold.
- 104 institutional investors held TriNet (TNET) as of Q3 2015, down from 143 in Q2 2015.
- Funds reported $971M of TriNet stock for Q3 2015, down 29% quarter-over-quarter.
- 19 funds opened new TriNet positions in Q3 2015 and 57 closed out, a net change of -38 holders.
- The largest TriNet buyer in Q3 2015 was Cadian Capital Management, an estimated $95.2M added.
- The largest TriNet seller in Q3 2015 was Tiger Global Management, an estimated $45.6M sold.
Based on aggregated 13F filings for Q3 2015.