Tower Semiconductor
TSEM
88 hedge funds and large institutions have $355M invested in Tower Semiconductor in 2016 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 30 increasing their positions, 29 reducing their positions, and 22 closing their positions.
39% more call options, than puts
Call options by funds: $16.8M | Put options by funds: $12.1M
3% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 29
6% less capital invested
Capital invested by funds: $378M → $355M (-$23.7M)
8% less funds holding
Funds holding: 96 → 88 (-8)
32% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 22
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SM
Senvest Management
New York
|
+$5.4M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$5.16M |
| 3 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$4.82M |
| 4 |
HCS
Harvest Capital Strategies
San Francisco,
California
|
+$4.3M |
| 5 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
+$3.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$22.6M |
| 2 |
Bank of New York Mellon
New York
|
-$11M |
| 3 |
JIR
James Investment Research
Alpha,
Ohio
|
-$9.73M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$3.63M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$2.97M |
TSEM Hedge Fund Activity: Q2 2016 in Review
88 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Tower Semiconductor (TSEM) for Q2 2016, worth a combined $355M — down 6.3% from $378M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of TSEM and 15 opened new positions — a net loss of 7 holders — while 29 trimmed existing stakes and 30 added.
The largest buyer was Senvest Management, adding an estimated $5.4M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $22.6M sold.
- 88 institutional investors held Tower Semiconductor (TSEM) as of Q2 2016, down from 96 in Q1 2016.
- Funds reported $355M of Tower Semiconductor stock for Q2 2016, down 6.3% quarter-over-quarter.
- 15 funds opened new Tower Semiconductor positions in Q2 2016 and 22 closed out, a net change of -7 holders.
- The largest Tower Semiconductor buyer in Q2 2016 was Senvest Management, an estimated $5.4M added.
- The largest Tower Semiconductor seller in Q2 2016 was Penserra Capital Management, an estimated $22.6M sold.
Based on aggregated 13F filings for Q2 2016.