LendingTree
TREE
170 hedge funds and large institutions have $876M invested in LendingTree in 2016 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 70 increasing their positions, 41 reducing their positions, and 45 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 41
22% more call options, than puts
Call options by funds: $40.2M | Put options by funds: $33M
5% less capital invested
Capital invested by funds: $923M → $876M (-$47.2M)
8% less funds holding
Funds holding: 185 → 170 (-15)
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
31% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Coatue Management
New York
|
+$48.3M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$28.9M |
| 3 |
JSP
Jackson Square Partners
Larkspur,
California
|
+$28M |
| 4 |
PC
Passport Capital
San Francisco,
California
|
+$22.9M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$18.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIM
RS Investment Management
San Francisco,
California
|
-$34M |
| 2 |
Renaissance Technologies
New York
|
-$25.9M |
| 3 |
CCI
Columbus Circle Investors
|
-$25.6M |
| 4 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
-$17.1M |
| 5 |
Capital Fund Management (CFM)
Paris,
France
|
-$15.1M |
TREE Hedge Fund Activity: Q2 2016 in Review
170 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in LendingTree (TREE) for Q2 2016, worth a combined $876M — down 5.1% from $923M a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of TREE and 31 opened new positions — a net loss of 14 holders — while 41 trimmed existing stakes and 70 added.
The largest buyer was Coatue Management, opening a new position worth an estimated $48.3M. The largest seller was RS Investment Management, cutting an estimated $34M.
- 170 institutional investors held LendingTree (TREE) as of Q2 2016, down from 185 in Q1 2016.
- Funds reported $876M of LendingTree stock for Q2 2016, down 5.1% quarter-over-quarter.
- 31 funds opened new LendingTree positions in Q2 2016 and 45 closed out, a net change of -14 holders.
- The largest LendingTree buyer in Q2 2016 was Coatue Management, an estimated $48.3M added.
- The largest LendingTree seller in Q2 2016 was RS Investment Management, an estimated $34M sold.
Based on aggregated 13F filings for Q2 2016.