TOWER GROUP INTL LTD COM STK (BERMUDA)
TWGP
TWGP was delisted on the 12th of September, 2014.
120 hedge funds and large institutions have $137M invested in TOWER GROUP INTL LTD COM STK (BERMUDA) in 2013 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 34 increasing their positions, 53 reducing their positions, and 52 closing their positions.
16% less call options, than puts
Call options by funds: $1.65M | Put options by funds: $1.96M
22% less funds holding
Funds holding: 153 → 120 (-33)
36% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 53
60% less capital invested
Capital invested by funds: $345M → $137M (-$207M)
62% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 52
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Proxima Capital Management
New York
|
+$4.96M |
| 2 |
KA
Kerrisdale Advisers
Miami,
Florida
|
+$3.77M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$3.7M |
| 4 |
RAM
Roumell Asset Management
Chevy Chase,
Maryland
|
+$3.07M |
| 5 |
NGA
New Generation Advisors
Manchester,
Massachusetts
|
+$3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$8.43M |
| 2 |
EBIM
Eagle Boston Investment Management
Boston,
Massachusetts
|
-$6.75M |
| 3 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$6.48M |
| 4 |
AF
Aegis Financial
Mc Lean,
Virginia
|
-$6.37M |
| 5 |
SPC
Silver Point Capital
Greenwich,
Connecticut
|
-$4.61M |
TWGP Hedge Fund Activity: Q4 2013 in Review
120 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in TOWER GROUP INTL LTD COM STK (BERMUDA) (TWGP) for Q4 2013, worth a combined $137M — down 60% from $345M a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of TWGP and 20 opened new positions — a net loss of 32 holders — while 53 trimmed existing stakes and 34 added.
The largest buyer was Proxima Capital Management, adding an estimated $4.96M. The largest seller was Royal Bank of Canada, cutting an estimated $8.43M.
- 120 institutional investors held TOWER GROUP INTL LTD COM STK (BERMUDA) (TWGP) as of Q4 2013, down from 153 in Q3 2013.
- Funds reported $137M of TOWER GROUP INTL LTD COM STK (BERMUDA) stock for Q4 2013, down 60% quarter-over-quarter.
- 20 funds opened new TOWER GROUP INTL LTD COM STK (BERMUDA) positions in Q4 2013 and 52 closed out, a net change of -32 holders.
- The largest TOWER GROUP INTL LTD COM STK (BERMUDA) buyer in Q4 2013 was Proxima Capital Management, an estimated $4.96M added.
- The largest TOWER GROUP INTL LTD COM STK (BERMUDA) seller in Q4 2013 was Royal Bank of Canada, an estimated $8.43M sold.
Based on aggregated 13F filings for Q4 2013.