LendingTree
TREE
171 hedge funds and large institutions have $948M invested in LendingTree in 2016 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 58 increasing their positions, 66 reducing their positions, and 19 closing their positions.
16% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 19
8% more capital invested
Capital invested by funds: $876M → $948M (+$72.2M)
1% more funds holding
Funds holding: 170 → 171 (+1)
12% less repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 66
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
27% less call options, than puts
Call options by funds: $24.1M | Put options by funds: $33.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$48.4M |
| 2 |
SMDAM
Sumitomo Mitsui DS Asset Management
Tokyo,
Japan
|
+$20M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
+$18.7M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
+$17.8M |
| 5 |
Capital Fund Management (CFM)
Paris,
France
|
+$10.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Passport Capital
San Francisco,
California
|
-$23.9M |
| 2 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$20.2M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$17.6M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$11.1M |
| 5 |
Coatue Management
New York
|
-$9.92M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Jane Street
New York
| – | -$686K | -6,890 | Closed |
|
|
TAM
177
Tocqueville Asset Management
New York
| – | -$442K | -5,000 | Closed |
|
|
CC
178
Cipher Capital
New York
| – | -$367K | -4,156 | Closed |
|
|
KCM
179
Key Colony Management
Little Rock,
Arkansas
| – | -$353K | -4,000 | Closed |
|
|
MC
180
Menta Capital
San Francisco,
California
| – | -$306K | -3,464 | Closed |
|
181
D.E. Shaw & Co
New York
| – | -$325K | -3,265 | Closed |
|
|
CCMH
182
Cornerstone Capital Management Holdings
New York
| – | -$154K | -1,748 | Closed |
|
|
SEC
183
Seven Eight Capital
New York
| – | -$139K | -1,575 | Closed |
|
184
Teacher Retirement System of Texas
Austin,
Texas
| – | -$84K | -950 | Closed |
|
|
AIM
185
Arcadia Investment Management
Kalamazoo,
Michigan
| – | -$18K | -202 | Closed |
|
|
HCM
186
Herndon Capital Management
Atlanta,
Georgia
| – | -$5K | -56 | Closed |
|
|
WTB
187
Washington Trust Bank
Spokane,
Washington
| – | -$3K | -30 | Closed |
|
|
MFS
188
MSI Financial Services
Springfield,
Massachusetts
| – | -$1K | -13 | Closed |
|
|
MAM
189
Meeder Asset Management
Dublin,
Ohio
| – | -$100 | -1 | -25% |
|
TREE Hedge Fund Activity: Q3 2016 in Review
171 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in LendingTree (TREE) for Q3 2016, worth a combined $948M — up 8.2% from $876M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new TREE positions and 19 closed out — a net gain of 3 holders — while 58 added to existing stakes and 66 trimmed.
The largest buyer was Victory Capital Management, adding an estimated $48.4M. The largest seller was Passport Capital, exiting entirely with an estimated $23.9M sold.
- 171 institutional investors held LendingTree (TREE) as of Q3 2016, up from 170 in Q2 2016.
- Funds reported $948M of LendingTree stock for Q3 2016, up 8.2% quarter-over-quarter.
- 22 funds opened new LendingTree positions in Q3 2016 and 19 closed out, a net change of +3 holders.
- The largest LendingTree buyer in Q3 2016 was Victory Capital Management, an estimated $48.4M added.
- The largest LendingTree seller in Q3 2016 was Passport Capital, an estimated $23.9M sold.
Based on aggregated 13F filings for Q3 2016.