TriNet
TNET
144 hedge funds and large institutions have $1.27B invested in TriNet in 2017 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 48 increasing their positions, 47 reducing their positions, and 13 closing their positions.
138% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 13
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
20% more capital invested
Capital invested by funds: $1.06B → $1.27B (+$211M)
14% more funds holding
Funds holding: 126 → 144 (+18)
2.74% more ownership
Funds ownership: 53.53% → 56.27% (+2.7%)
2% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 47
92% less call options, than puts
Call options by funds: $27K | Put options by funds: $348K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
+$17.3M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$10.5M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$10.2M |
| 4 |
MCM
McKinley Capital Management
Anchorage,
Alaska
|
+$4.87M |
| 5 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
+$4.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$7.81M |
| 2 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$7.4M |
| 3 |
Millennium Management
New York
|
-$5.11M |
| 4 |
BlackRock
New York
|
-$4.97M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$4.93M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
UFF
151
USA Financial Formulas
Ada,
Michigan
| – | -$283K | -9,800 | Closed |
|
152
Verition Fund Management
Greenwich,
Connecticut
| – | -$228K | -7,897 | Closed |
|
|
MAM
153
Meeder Asset Management
Dublin,
Ohio
| – | -$153K | -5,282 | Closed |
|
|
CTC
154
Central Trust Company
Jefferson City,
Missouri
| – | -$47K | -1,630 | Closed |
|
155
US Bancorp
Minneapolis,
Minnesota
| – | -$39K | -1,360 | Closed |
|
156
Parallax Volatility Advisers
San Francisco,
California
| – | -$33K | -1,129 | Closed |
|
|
PA
157
Parallel Advisors
San Francisco,
California
| – | +$214 | +7 | New |
|
TNET Hedge Fund Activity: Q2 2017 in Review
144 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in TriNet (TNET) for Q2 2017, worth a combined $1.27B — up 20% from $1.06B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new TNET positions and 13 closed out — a net gain of 18 holders — while 48 added to existing stakes and 47 trimmed.
The largest buyer was Cramer Rosenthal McGlynn, opening a new position worth an estimated $17.3M. The largest seller was Royal Bank of Canada, cutting an estimated $7.81M.
- 144 institutional investors held TriNet (TNET) as of Q2 2017, up from 126 in Q1 2017.
- Funds reported $1.27B of TriNet stock for Q2 2017, up 20% quarter-over-quarter.
- 31 funds opened new TriNet positions in Q2 2017 and 13 closed out, a net change of +18 holders.
- The largest TriNet buyer in Q2 2017 was Cramer Rosenthal McGlynn, an estimated $17.3M added.
- The largest TriNet seller in Q2 2017 was Royal Bank of Canada, an estimated $7.81M sold.
Based on aggregated 13F filings for Q2 2017.