Toll Brothers
318 hedge funds and large institutions have $4.41B invested in Toll Brothers in 2013 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 120 increasing their positions, 113 reducing their positions, and 48 closing their positions.
1.66% more ownership
Funds ownership: 79.55% → 81.21% (+1.7%)
8% more call options, than puts
Call options by funds: $148M | Put options by funds: $137M
6% more repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 113
2% more capital invested
Capital invested by funds: $4.35B → $4.41B (+$68.2M)
6% less funds holding
Funds holding: 338 → 318 (-20)
31% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 48
33% less funds holding in top 10
Funds holding in top 10: 9 → 6 (-3)
Top Buyers
| 1 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$203M |
| 2 |
JP Morgan Chase
New York
|
+$90.5M |
| 3 |
Cohen & Steers
New York
|
+$62.2M |
| 4 |
MAM
Marketfield Asset Management
New York
|
+$26.5M |
| 5 |
CCM
Cadian Capital Management
New York
|
+$21.5M |
Top Sellers
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$66.4M |
| 2 |
PC
PointState Capital
New York
|
-$54.7M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$41.9M |
| 4 |
MGC
Merchants' Gate Capital
New York
|
-$33.7M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$24.2M |
TOL Hedge Fund Activity: Q3 2013 in Review
318 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Toll Brothers (TOL) for Q3 2013, worth a combined $4.41B — up 1.6% from $4.35B a quarter earlier.
Sellers outnumbered buyers: 48 funds closed out of TOL and 33 opened new positions — a net loss of 15 holders — while 113 trimmed existing stakes and 120 added.
The largest buyer was Capital Growth Management, opening a new position worth an estimated $203M. The largest seller was Fidelity Investments, cutting an estimated $66.4M.
- 318 institutional investors held Toll Brothers (TOL) as of Q3 2013, down from 338 in Q2 2013.
- Funds reported $4.41B of Toll Brothers stock for Q3 2013, up 1.6% quarter-over-quarter.
- 33 funds opened new Toll Brothers positions in Q3 2013 and 48 closed out, a net change of -15 holders.
- The largest Toll Brothers buyer in Q3 2013 was Capital Growth Management, an estimated $203M added.
- The largest Toll Brothers seller in Q3 2013 was Fidelity Investments, an estimated $66.4M sold.
Based on aggregated 13F filings for Q3 2013.