Travelers Companies
845 hedge funds and large institutions have $26.7B invested in Travelers Companies in 2013 Q4 according to their latest regulatory filings, with 113 funds opening new positions, 278 increasing their positions, 327 reducing their positions, and 44 closing their positions.
157% more first-time investments, than exits
New positions opened: 113 | Existing positions closed: 44
21% more funds holding in top 10
Funds holding in top 10: 14 → 17 (+3)
8% more funds holding
Funds holding: 782 → 845 (+63)
1.2% less ownership
Funds ownership: 81.04% → 79.84% (-1.2%)
7% less capital invested
Capital invested by funds: $28.6B → $26.7B (-$1.86B)
15% less repeat investments, than reductions
Existing positions increased: 278 | Existing positions reduced: 327
18% less call options, than puts
Call options by funds: $114M | Put options by funds: $139M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$52.9M |
| 2 |
MAMU
Marathon Asset Management (UK)
London,
United Kingdom
|
+$51.8M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$36.2M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$35.3M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$24.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Southeastern Asset Management
Memphis,
Tennessee
|
-$316M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$122M |
| 3 |
Bank of New York Mellon
New York
|
-$74.1M |
| 4 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$72.4M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$71.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CL
876
CPWM LLC
Seattle,
Washington
| – | -$245K | -3,066 | Closed |
|
|
BCM
877
BTR Capital Management
Oakland,
California
| – | -$248K | -2,930 | Closed |
|
878
Fisher Asset Management
Camas,
Washington
| – | -$220K | -2,598 | Closed |
|
|
HI
879
HBK Investments
Dallas,
Texas
| – | -$203K | -2,400 | Closed |
|
|
VF
880
Virtu Financial
New York
| – | -$203K | -2,391 | Closed |
|
|
FBC
881
Fairfield, Bush & Co
Darien,
Connecticut
| – | -$135K | -1,603 | Closed |
|
|
OSNBOA
882
Old Second National Bank of Aurora
Aurora,
Illinois
| – | -$13K | -155 | Closed |
|
883
Victory Capital Management
San Antonio,
Texas
| – | -$10K | -123 | Closed |
|
|
YL
884
YCG LLC
Austin,
Texas
| – | -$8K | -96 | Closed |
|
|
HIM
885
Hillsdale Investment Management
Toronto,
Ontario, Canada
| – | -$7K | -80 | Closed |
|
|
HCC
886
Hirtle Callaghan & Co
West Conshohocken,
Pennsylvania
| – | -$1K | -10 | Closed |
|
TRV Hedge Fund Activity: Q4 2013 in Review
845 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Travelers Companies (TRV) for Q4 2013, worth a combined $26.7B — down 6.5% from $28.6B a quarter earlier.
Buyers outnumbered sellers: 113 funds opened new TRV positions and 44 closed out — a net gain of 69 holders — while 278 added to existing stakes and 327 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $52.9M. The largest seller was Southeastern Asset Management, cutting an estimated $316M.
- 845 institutional investors held Travelers Companies (TRV) as of Q4 2013, up from 782 in Q3 2013.
- Funds reported $26.7B of Travelers Companies stock for Q4 2013, down 6.5% quarter-over-quarter.
- 113 funds opened new Travelers Companies positions in Q4 2013 and 44 closed out, a net change of +69 holders.
- The largest Travelers Companies buyer in Q4 2013 was JP Morgan Chase, an estimated $52.9M added.
- The largest Travelers Companies seller in Q4 2013 was Southeastern Asset Management, an estimated $316M sold.
Based on aggregated 13F filings for Q4 2013.