TriNet
TNET
127 hedge funds and large institutions have $1.15B invested in TriNet in 2016 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 48 increasing their positions, 40 reducing their positions, and 29 closing their positions.
37% more capital invested
Capital invested by funds: $840M → $1.15B (+$313M)
20% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 40
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
5% less funds holding
Funds holding: 133 → 127 (-6)
4.72% less ownership
Funds ownership: 83.56% → 78.84% (-4.7%)
21% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 29
47% less call options, than puts
Call options by funds: $638K | Put options by funds: $1.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Raging Capital Management
Rocky Hill,
New Jersey
|
+$16.9M |
| 2 |
JP Morgan Chase
New York
|
+$11.4M |
| 3 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
+$9M |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$8.06M |
| 5 |
CCM
Cantillon Capital Management
New York
|
+$8.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Cadian Capital Management
New York
|
-$23.9M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
-$13.7M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$12.5M |
| 4 |
Millennium Management
New York
|
-$10.7M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$10.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NERM
151
New England Research & Management
Chicago,
Illinois
| – | -$144K | -10,000 | Closed |
|
|
PAM
152
Paradigm Asset Management
New York
| – | -$81.8K | -5,700 | Closed |
|
153
Simplex Trading
Chicago,
Illinois
| – | -$102K | -5,590 | Closed |
|
154
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$79K | -5,531 | Closed |
|
155
Group One Trading
Chicago,
Illinois
| – | -$27.5K | -1,504 | Closed |
|
|
AG
156
Advisor Group
Phoenix,
Arizona
| – | +$18 | +1 | New |
|
TNET Hedge Fund Activity: Q2 2016 in Review
127 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in TriNet (TNET) for Q2 2016, worth a combined $1.15B — up 37% from $840M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of TNET and 23 opened new positions — a net loss of 6 holders — while 40 trimmed existing stakes and 48 added.
The largest buyer was Raging Capital Management, opening a new position worth an estimated $16.9M. The largest seller was Cadian Capital Management, cutting an estimated $23.9M.
- 127 institutional investors held TriNet (TNET) as of Q2 2016, down from 133 in Q1 2016.
- Funds reported $1.15B of TriNet stock for Q2 2016, up 37% quarter-over-quarter.
- 23 funds opened new TriNet positions in Q2 2016 and 29 closed out, a net change of -6 holders.
- The largest TriNet buyer in Q2 2016 was Raging Capital Management, an estimated $16.9M added.
- The largest TriNet seller in Q2 2016 was Cadian Capital Management, an estimated $23.9M sold.
Based on aggregated 13F filings for Q2 2016.