Tejon Ranch
TRC
93 hedge funds and large institutions have $414M invested in Tejon Ranch in 2018 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 28 increasing their positions, 24 reducing their positions, and 13 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 24
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.39% less ownership
Funds ownership: 74.89% → 73.51% (-1.4%)
5% less funds holding
Funds holding: 98 → 93 (-5)
12% less capital invested
Capital invested by funds: $472M → $414M (-$58M)
38% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.94M |
| 2 |
Renaissance Technologies
New York
|
+$2.07M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.68M |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$1.47M |
| 5 |
State Street
Boston,
Massachusetts
|
+$895K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Third Avenue Management
New York
|
-$13M |
| 2 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
-$2M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$1.94M |
| 4 |
LCS
Levin Capital Strategies
New York
|
-$1.55M |
| 5 |
Millennium Management
New York
|
-$1.53M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$209K | -8,600 | Closed |
|
102
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$162K | -6,684 | Closed |
|
|
PIA
103
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$9K | -365 | Closed |
|
|
MAM
104
Meeder Asset Management
Dublin,
Ohio
| – | -$5.88K | -242 | Closed |
|
105
SEI Investments
Oaks,
Pennsylvania
| – | -$4K | -154 | Closed |
|
TRC Hedge Fund Activity: Q3 2018 in Review
93 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Tejon Ranch (TRC) for Q3 2018, worth a combined $414M — down 12% from $472M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of TRC and 8 opened new positions — a net loss of 5 holders — while 24 trimmed existing stakes and 28 added.
The largest buyer was Vanguard Group, adding an estimated $5.94M. The largest seller was Third Avenue Management, cutting an estimated $13M.
- 93 institutional investors held Tejon Ranch (TRC) as of Q3 2018, down from 98 in Q2 2018.
- Funds reported $414M of Tejon Ranch stock for Q3 2018, down 12% quarter-over-quarter.
- 8 funds opened new Tejon Ranch positions in Q3 2018 and 13 closed out, a net change of -5 holders.
- The largest Tejon Ranch buyer in Q3 2018 was Vanguard Group, an estimated $5.94M added.
- The largest Tejon Ranch seller in Q3 2018 was Third Avenue Management, an estimated $13M sold.
Based on aggregated 13F filings for Q3 2018.