Toll Brothers
330 hedge funds and large institutions have $4.59B invested in Toll Brothers in 2014 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 122 increasing their positions, 116 reducing their positions, and 44 closing their positions.
123% more call options, than puts
Call options by funds: $218M | Put options by funds: $97.5M
5% more repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 116
0.02% more ownership
Funds ownership: 82.92% → 82.93% (+0.02%)
5% less funds holding
Funds holding: 346 → 330 (-16)
15% less capital invested
Capital invested by funds: $5.43B → $4.59B (-$842M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
27% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 44
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MA
Marshfield Associates
Washington,
District of Columbia
|
+$68.6M |
| 2 |
Goldman Sachs
New York
|
+$40.1M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$34.8M |
| 4 |
TG
TCW Group
Los Angeles,
California
|
+$34.1M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$26.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Marketfield Asset Management
New York
|
-$69.6M |
| 2 |
JP Morgan Chase
New York
|
-$64.8M |
| 3 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
-$37M |
| 4 |
ClearBridge Investments
New York
|
-$28.5M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$23M |
TOL Hedge Fund Activity: Q3 2014 in Review
330 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Toll Brothers (TOL) for Q3 2014, worth a combined $4.59B — down 15% from $5.43B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of TOL and 32 opened new positions — a net loss of 12 holders — while 116 trimmed existing stakes and 122 added.
The largest buyer was Marshfield Associates, opening a new position worth an estimated $68.6M. The largest seller was Marketfield Asset Management, cutting an estimated $69.6M.
- 330 institutional investors held Toll Brothers (TOL) as of Q3 2014, down from 346 in Q2 2014.
- Funds reported $4.59B of Toll Brothers stock for Q3 2014, down 15% quarter-over-quarter.
- 32 funds opened new Toll Brothers positions in Q3 2014 and 44 closed out, a net change of -12 holders.
- The largest Toll Brothers buyer in Q3 2014 was Marshfield Associates, an estimated $68.6M added.
- The largest Toll Brothers seller in Q3 2014 was Marketfield Asset Management, an estimated $69.6M sold.
Based on aggregated 13F filings for Q3 2014.