TechTarget
TTGT
69 hedge funds and large institutions have $123M invested in TechTarget in 2016 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 21 reducing their positions, and 10 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 21
0% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 10
1% less funds holding
Funds holding: 70 → 69 (-1)
15% less capital invested
Capital invested by funds: $144M → $123M (-$21.5M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NTCM
Nine Ten Capital Management
Chicago,
Illinois
|
+$22.1M |
| 2 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
+$1.84M |
| 3 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
+$1.46M |
| 4 |
TI
Trigran Investments
Northbrook,
Illinois
|
+$694K |
| 5 |
Renaissance Technologies
New York
|
+$346K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCMV
Technology Crossover Management V
Menlo Park,
California
|
-$41.3M |
| 2 |
MRM
Michael R. Murphy
|
-$10.4M |
| 3 |
DM
Diker Management
New York
|
-$2.29M |
| 4 |
WSA
Wall Street Associates
Lajolla,
California
|
-$1.44M |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$1.31M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Barclays
London,
United Kingdom
| – | -$20.4K | -2,602 | -99% |
|
77
UBS Group
Zurich,
Switzerland
| – | -$11K | -1,518 | Closed |
|
78
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$8K | -1,135 | Closed |
|
TTGT Hedge Fund Activity: Q2 2016 in Review
69 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in TechTarget (TTGT) for Q2 2016, worth a combined $123M — down 15% from $144M a quarter earlier.
Fund positioning in TTGT was balanced in Q2 2016: 10 funds opened new positions, 10 closed out, 25 added to existing stakes and 21 trimmed.
The largest buyer was Nine Ten Capital Management, opening a new position worth an estimated $22.1M. The largest seller was Technology Crossover Management V, exiting entirely with an estimated $41.3M sold.
- 69 institutional investors held TechTarget (TTGT) as of Q2 2016, down from 70 in Q1 2016.
- Funds reported $123M of TechTarget stock for Q2 2016, down 15% quarter-over-quarter.
- 10 funds opened new TechTarget positions in Q2 2016 and 10 closed out, a net change of 0 holders.
- The largest TechTarget buyer in Q2 2016 was Nine Ten Capital Management, an estimated $22.1M added.
- The largest TechTarget seller in Q2 2016 was Technology Crossover Management V, an estimated $41.3M sold.
Based on aggregated 13F filings for Q2 2016.