TriNet
TNET
143 hedge funds and large institutions have $1.37B invested in TriNet in 2015 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 61 increasing their positions, 27 reducing their positions, and 36 closing their positions.
126% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 27
28% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 36
8% more funds holding
Funds holding: 133 → 143 (+10)
4.2% less ownership
Funds ownership: 81.33% → 77.13% (-4.2%)
21% less call options, than puts
Call options by funds: $3.89M | Put options by funds: $4.93M
31% less capital invested
Capital invested by funds: $2B → $1.37B (-$628M)
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCCM
Two Creeks Capital Management
New York
|
+$39.1M |
| 2 |
HCM
Hodges Capital Management
Dallas,
Texas
|
+$22.4M |
| 3 |
KA
Kerrisdale Advisers
Miami,
Florida
|
+$18.9M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$18.6M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$18.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HP
Hound Partners
New York
|
-$75.6M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$73.3M |
| 3 |
RIM
RS Investment Management
San Francisco,
California
|
-$32.2M |
| 4 |
CCM
Crestwood Capital Management
New York
|
-$22M |
| 5 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$19.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Creative Planning
Overland Park,
Kansas
| – | -$4K | -100 | Closed |
|
|
GC
177
Globeflex Capital
San Diego,
California
| – | -$1K | -24 | Closed |
|
178
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$31 | +1 | New |
|
TNET Hedge Fund Activity: Q2 2015 in Review
143 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in TriNet (TNET) for Q2 2015, worth a combined $1.37B — down 31% from $2B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new TNET positions and 36 closed out — a net gain of 10 holders — while 61 added to existing stakes and 27 trimmed.
The largest buyer was Two Creeks Capital Management, adding an estimated $39.1M. The largest seller was Hound Partners, exiting entirely with an estimated $75.6M sold.
- 143 institutional investors held TriNet (TNET) as of Q2 2015, up from 133 in Q1 2015.
- Funds reported $1.37B of TriNet stock for Q2 2015, down 31% quarter-over-quarter.
- 46 funds opened new TriNet positions in Q2 2015 and 36 closed out, a net change of +10 holders.
- The largest TriNet buyer in Q2 2015 was Two Creeks Capital Management, an estimated $39.1M added.
- The largest TriNet seller in Q2 2015 was Hound Partners, an estimated $75.6M sold.
Based on aggregated 13F filings for Q2 2015.