TOWER GROUP INTL LTD COM STK (BERMUDA)
TWGP
TWGP was delisted on the 12th of September, 2014.
80 hedge funds and large institutions have $64M invested in TOWER GROUP INTL LTD COM STK (BERMUDA) in 2014 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 21 increasing their positions, 35 reducing their positions, and 44 closing their positions.
29% less funds holding
Funds holding: 112 → 80 (-32)
40% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 35
46% less capital invested
Capital invested by funds: $118M → $64M (-$53.9M)
60% less call options, than puts
Call options by funds: $666K | Put options by funds: $1.66M
73% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 44
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$7.63M |
| 2 |
PWAM
Park West Asset Management
San Francisco,
California
|
+$3.46M |
| 3 |
KCM
Kingstown Capital Management
New York
|
+$1.76M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$1.23M |
| 5 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
+$725K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Proxima Capital Management
New York
|
-$18.4M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$5.6M |
| 3 |
AAA
Alpine Associates Advisors
Englewood Cliffs,
New Jersey
|
-$2.17M |
| 4 |
State Street
Boston,
Massachusetts
|
-$2.11M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$1.91M |
TWGP Hedge Fund Activity: Q2 2014 in Review
80 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in TOWER GROUP INTL LTD COM STK (BERMUDA) (TWGP) for Q2 2014, worth a combined $64M — down 46% from $118M a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of TWGP and 12 opened new positions — a net loss of 32 holders — while 35 trimmed existing stakes and 21 added.
The largest buyer was Credit Suisse, adding an estimated $7.63M. The largest seller was Proxima Capital Management, exiting entirely with an estimated $18.4M sold.
- 80 institutional investors held TOWER GROUP INTL LTD COM STK (BERMUDA) (TWGP) as of Q2 2014, down from 112 in Q1 2014.
- Funds reported $64M of TOWER GROUP INTL LTD COM STK (BERMUDA) stock for Q2 2014, down 46% quarter-over-quarter.
- 12 funds opened new TOWER GROUP INTL LTD COM STK (BERMUDA) positions in Q2 2014 and 44 closed out, a net change of -32 holders.
- The largest TOWER GROUP INTL LTD COM STK (BERMUDA) buyer in Q2 2014 was Credit Suisse, an estimated $7.63M added.
- The largest TOWER GROUP INTL LTD COM STK (BERMUDA) seller in Q2 2014 was Proxima Capital Management, an estimated $18.4M sold.
Based on aggregated 13F filings for Q2 2014.