Trupanion
TRUP
136 hedge funds and large institutions have $775M invested in Trupanion in 2018 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 55 increasing their positions, 26 reducing their positions, and 26 closing their positions.
112% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 26
18% more capital invested
Capital invested by funds: $659M → $775M (+$116M)
11.24% more ownership
Funds ownership: 74.99% → 86.23% (+11%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
1% less funds holding
Funds holding: 137 → 136 (-1)
4% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 26
88% less call options, than puts
Call options by funds: $652K | Put options by funds: $5.65M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$37.7M |
| 2 |
NTCM
Nine Ten Capital Management
Chicago,
Illinois
|
+$24.7M |
| 3 |
Goldman Sachs
New York
|
+$13.8M |
| 4 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$12.8M |
| 5 |
LIM
Lagoda Investment Management
New York
|
+$10.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Immersion Capital
London,
United Kingdom
|
-$44.6M |
| 2 |
Two Sigma Investments
New York
|
-$5.87M |
| 3 |
Two Sigma Advisers
New York
|
-$3.84M |
| 4 |
CCI
Columbus Circle Investors
|
-$2.63M |
| 5 |
VNA
VNBTrust National Association
Charlottesville,
Virginia
|
-$2.62M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
II
151
Ibex Investors
Denver,
Colorado
| – | -$265K | -8,939 | Closed |
|
|
BCM
152
Bayesian Capital Management
Brooklyn,
New York
| – | -$238K | -8,116 | Closed |
|
|
CIP
153
Convergence Investment Partners
Palm Beach Gardens,
Florida
| – | -$237K | -8,095 | Closed |
|
154
Group One Trading
Chicago,
Illinois
| – | -$181K | -5,648 | Closed |
|
|
FMT
155
First Mercantile Trust
Cordova,
Tennessee
| – | -$129K | -4,419 | Closed |
|
|
STA
156
Summit Trail Advisors
New York
| – | -$138K | -4,013 | Closed |
|
157
Parallax Volatility Advisers
San Francisco,
California
| – | -$100K | -3,402 | Closed |
|
|
CG
158
Cutler Group
San Francisco,
California
| – | -$65K | -2,242 | Closed |
|
|
MUS
159
Mitsubishi UFJ Securities
Tokyo,
Japan
| – | -$59K | -2,030 | Closed |
|
|
WA
160
Winfield Associates
Cleveland,
Ohio
| – | -$18K | -600 | Closed |
|
|
BBHC
161
Brown Brothers Harriman & Co
New York
| – | -$15K | -524 | Closed |
|
|
FMA
162
FNY Managed Accounts
New York
| – | -$3K | -115 | Closed |
|
TRUP Hedge Fund Activity: Q1 2018 in Review
136 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Trupanion (TRUP) for Q1 2018, worth a combined $775M — up 18% from $659M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of TRUP and 25 opened new positions — a net loss of 1 holder — while 26 trimmed existing stakes and 55 added.
The largest buyer was AllianceBernstein, adding an estimated $37.7M. The largest seller was Immersion Capital, exiting entirely with an estimated $44.6M sold.
- 136 institutional investors held Trupanion (TRUP) as of Q1 2018, down from 137 in Q4 2017.
- Funds reported $775M of Trupanion stock for Q1 2018, up 18% quarter-over-quarter.
- 25 funds opened new Trupanion positions in Q1 2018 and 26 closed out, a net change of -1 holder.
- The largest Trupanion buyer in Q1 2018 was AllianceBernstein, an estimated $37.7M added.
- The largest Trupanion seller in Q1 2018 was Immersion Capital, an estimated $44.6M sold.
Based on aggregated 13F filings for Q1 2018.