LendingTree
TREE
77 hedge funds and large institutions have $118M invested in LendingTree in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 33 increasing their positions, 22 reducing their positions, and 9 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
55% more capital invested
Capital invested by funds: $76M → $118M (+$41.7M)
50% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 22
4% less funds holding
Funds holding: 80 → 77 (-3)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCC
Second Curve Capital
Radnor,
Pennsylvania
|
+$8.2M |
| 2 |
EI
EAM Investors
Solana Beach,
California
|
+$1.81M |
| 3 |
RAM
RWC Asset Management
London,
United Kingdom
|
+$1.3M |
| 4 |
DCM
Dupont Capital Management
Wilmington,
Delaware
|
+$930K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$866K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SST
S Squared Technology
New York
|
-$7.61M |
| 2 |
NC
Northpointe Capital
Bloomfield Hills,
Michigan
|
-$2.29M |
| 3 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
-$828K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$763K |
| 5 |
JGC
J. Goldman & Co
New York
|
-$708K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACM
76
Ashford Capital Management
Wilmington,
Delaware
| – | -$492K | -28,700 | Closed |
|
|
PP
77
PDT Partners
New York
| – | -$295K | -17,200 | Closed |
|
|
CPIM
78
Columbia Partners Investment Management
Alexandria,
Virginia
| – | -$273K | -15,948 | Closed |
|
79
Goldman Sachs
New York
| – | -$181K | -10,569 | Closed |
|
|
HNB
80
Huntington National Bank
Columbus,
Ohio
| – | -$1K | -59 | Closed |
|
TREE Hedge Fund Activity: Q3 2013 in Review
77 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in LendingTree (TREE) for Q3 2013, worth a combined $118M — up 55% from $76M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of TREE and 6 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 33 added.
The largest buyer was Second Curve Capital, adding an estimated $8.2M. The largest seller was S Squared Technology, cutting an estimated $7.61M.
- 77 institutional investors held LendingTree (TREE) as of Q3 2013, down from 80 in Q2 2013.
- Funds reported $118M of LendingTree stock for Q3 2013, up 55% quarter-over-quarter.
- 6 funds opened new LendingTree positions in Q3 2013 and 9 closed out, a net change of -3 holders.
- The largest LendingTree buyer in Q3 2013 was Second Curve Capital, an estimated $8.2M added.
- The largest LendingTree seller in Q3 2013 was S Squared Technology, an estimated $7.61M sold.
Based on aggregated 13F filings for Q3 2013.