TOWER GROUP INTL LTD COM STK (BERMUDA)
TWGP
TWGP was delisted on the 12th of September, 2014.
153 hedge funds and large institutions have $345M invested in TOWER GROUP INTL LTD COM STK (BERMUDA) in 2013 Q3 according to their latest regulatory filings, with 41 funds opening new positions, 57 increasing their positions, 43 reducing their positions, and 44 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 43
7% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 44
2% less funds holding
Funds holding: 156 → 153 (-3)
37% less call options, than puts
Call options by funds: $2.46M | Put options by funds: $3.89M
67% less funds holding in top 10
Funds holding in top 10: 6 → 2 (-4)
70% less capital invested
Capital invested by funds: $1.16B → $345M (-$816M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PMG
Private Management Group
Irvine,
California
|
+$46.2M |
| 2 |
PCM
Proxima Capital Management
New York
|
+$22.6M |
| 3 |
RAM
Roumell Asset Management
Chevy Chase,
Maryland
|
+$16.4M |
| 4 |
AF
Aegis Financial
Mc Lean,
Virginia
|
+$15.2M |
| 5 |
SPC
Silver Point Capital
Greenwich,
Connecticut
|
+$11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$83.4M |
| 2 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$38.3M |
| 3 |
CCM
Century Capital Management
Boston,
Massachusetts
|
-$27M |
| 4 |
TI
Turner Investments
Berwyn,
Pennsylvania
|
-$26M |
| 5 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$20M |
TWGP Hedge Fund Activity: Q3 2013 in Review
153 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in TOWER GROUP INTL LTD COM STK (BERMUDA) (TWGP) for Q3 2013, worth a combined $345M — down 70% from $1.16B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of TWGP and 41 opened new positions — a net loss of 3 holders — while 43 trimmed existing stakes and 57 added.
The largest buyer was Private Management Group, opening a new position worth an estimated $46.2M. The largest seller was Columbia Wanger Asset Management, exiting entirely with an estimated $83.4M sold.
- 153 institutional investors held TOWER GROUP INTL LTD COM STK (BERMUDA) (TWGP) as of Q3 2013, down from 156 in Q2 2013.
- Funds reported $345M of TOWER GROUP INTL LTD COM STK (BERMUDA) stock for Q3 2013, down 70% quarter-over-quarter.
- 41 funds opened new TOWER GROUP INTL LTD COM STK (BERMUDA) positions in Q3 2013 and 44 closed out, a net change of -3 holders.
- The largest TOWER GROUP INTL LTD COM STK (BERMUDA) buyer in Q3 2013 was Private Management Group, an estimated $46.2M added.
- The largest TOWER GROUP INTL LTD COM STK (BERMUDA) seller in Q3 2013 was Columbia Wanger Asset Management, an estimated $83.4M sold.
Based on aggregated 13F filings for Q3 2013.