Tapestry
TPR
662 hedge funds and large institutions have $12.3B invested in Tapestry in 2014 Q1 according to their latest regulatory filings, with 57 funds opening new positions, 253 increasing their positions, 258 reducing their positions, and 105 closing their positions.
1.52% more ownership
Funds ownership: 87.76% → 89.27% (+1.5%)
2% less repeat investments, than reductions
Existing positions increased: 253 | Existing positions reduced: 258
8% less funds holding
Funds holding: 716 → 662 (-54)
11% less capital invested
Capital invested by funds: $13.8B → $12.3B (-$1.49B)
20% less funds holding in top 10
Funds holding in top 10: 15 → 12 (-3)
46% less first-time investments, than exits
New positions opened: 57 | Existing positions closed: 105
54% less call options, than puts
Call options by funds: $300M | Put options by funds: $655M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$251M |
| 2 |
Capital International Investors
Los Angeles,
California
|
+$141M |
| 3 |
BRC
Blue Ridge Capital
New York
|
+$95.1M |
| 4 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$59.8M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$57.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
-$245M |
| 2 |
Nordea Investment Management
Stockholm,
Sweden
|
-$130M |
| 3 |
WA
WestEnd Advisors
Charlotte,
North Carolina
|
-$70.2M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$65.3M |
| 5 |
HMP
HS Management Partners
New York
|
-$64.7M |
TPR Hedge Fund Activity: Q1 2014 in Review
662 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Tapestry (TPR) for Q1 2014, worth a combined $12.3B — down 11% from $13.8B a quarter earlier.
Sellers outnumbered buyers: 105 funds closed out of TPR and 57 opened new positions — a net loss of 48 holders — while 258 trimmed existing stakes and 253 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $251M. The largest seller was Lone Pine Capital, cutting an estimated $245M.
- 662 institutional investors held Tapestry (TPR) as of Q1 2014, down from 716 in Q4 2013.
- Funds reported $12.3B of Tapestry stock for Q1 2014, down 11% quarter-over-quarter.
- 57 funds opened new Tapestry positions in Q1 2014 and 105 closed out, a net change of -48 holders.
- The largest Tapestry buyer in Q1 2014 was T. Rowe Price Associates, an estimated $251M added.
- The largest Tapestry seller in Q1 2014 was Lone Pine Capital, an estimated $245M sold.
Based on aggregated 13F filings for Q1 2014.