LendingTree
TREE
178 hedge funds and large institutions have $1.15B invested in LendingTree in 2017 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 60 increasing their positions, 60 reducing their positions, and 22 closing their positions.
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
18% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 22
13% more capital invested
Capital invested by funds: $1.01B → $1.15B (+$136M)
0% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 60
1% less funds holding
Funds holding: 180 → 178 (-2)
7.32% less ownership
Funds ownership: 84.65% → 77.33% (-7.3%)
19% less call options, than puts
Call options by funds: $19.6M | Put options by funds: $24.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$93.9M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
+$25M |
| 3 |
SCM
SG Capital Management
Chicago,
Illinois
|
+$12.6M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$11.1M |
| 5 |
FA
Friess Associates
Greenville,
Delaware
|
+$9.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Coatue Management
New York
|
-$47.7M |
| 2 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$44.2M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$16.1M |
| 4 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$12.8M |
| 5 |
DCM
Dorsal Capital Management
Redwood City,
California
|
-$9.12M |
TREE Hedge Fund Activity: Q1 2017 in Review
178 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in LendingTree (TREE) for Q1 2017, worth a combined $1.15B — up 13% from $1.01B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new TREE positions and 22 closed out — a net gain of 4 holders — while 60 added to existing stakes and 60 trimmed.
The largest buyer was BlackRock, adding an estimated $93.9M. The largest seller was Coatue Management, exiting entirely with an estimated $47.7M sold.
- 178 institutional investors held LendingTree (TREE) as of Q1 2017, down from 180 in Q4 2016.
- Funds reported $1.15B of LendingTree stock for Q1 2017, up 13% quarter-over-quarter.
- 26 funds opened new LendingTree positions in Q1 2017 and 22 closed out, a net change of +4 holders.
- The largest LendingTree buyer in Q1 2017 was BlackRock, an estimated $93.9M added.
- The largest LendingTree seller in Q1 2017 was Coatue Management, an estimated $47.7M sold.
Based on aggregated 13F filings for Q1 2017.