TOWER GROUP INTL LTD COM STK (BERMUDA)
TWGP
TWGP was delisted on the 12th of September, 2014.
112 hedge funds and large institutions have $118M invested in TOWER GROUP INTL LTD COM STK (BERMUDA) in 2014 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 24 increasing their positions, 39 reducing their positions, and 31 closing their positions.
7% less funds holding
Funds holding: 120 → 112 (-8)
14% less capital invested
Capital invested by funds: $137M → $118M (-$19.3M)
23% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 31
38% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 39
86% less call options, than puts
Call options by funds: $710K | Put options by funds: $4.99M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kingstown Capital Management
New York
|
+$13.4M |
| 2 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
+$4.36M |
| 3 |
Morgan Stanley
New York
|
+$4.08M |
| 4 |
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
|
+$2.22M |
| 5 |
AAA
Alpine Associates Advisors
Englewood Cliffs,
New Jersey
|
+$2.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Proxima Capital Management
New York
|
-$8.4M |
| 2 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$7.42M |
| 3 |
RAM
Roumell Asset Management
Chevy Chase,
Maryland
|
-$3.44M |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$3.05M |
| 5 |
KA
Kerrisdale Advisers
Miami,
Florida
|
-$2.98M |
TWGP Hedge Fund Activity: Q1 2014 in Review
112 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in TOWER GROUP INTL LTD COM STK (BERMUDA) (TWGP) for Q1 2014, worth a combined $118M — down 14% from $137M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of TWGP and 24 opened new positions — a net loss of 7 holders — while 39 trimmed existing stakes and 24 added.
The largest buyer was Kingstown Capital Management, opening a new position worth an estimated $13.4M. The largest seller was Proxima Capital Management, cutting an estimated $8.4M.
- 112 institutional investors held TOWER GROUP INTL LTD COM STK (BERMUDA) (TWGP) as of Q1 2014, down from 120 in Q4 2013.
- Funds reported $118M of TOWER GROUP INTL LTD COM STK (BERMUDA) stock for Q1 2014, down 14% quarter-over-quarter.
- 24 funds opened new TOWER GROUP INTL LTD COM STK (BERMUDA) positions in Q1 2014 and 31 closed out, a net change of -7 holders.
- The largest TOWER GROUP INTL LTD COM STK (BERMUDA) buyer in Q1 2014 was Kingstown Capital Management, an estimated $13.4M added.
- The largest TOWER GROUP INTL LTD COM STK (BERMUDA) seller in Q1 2014 was Proxima Capital Management, an estimated $8.4M sold.
Based on aggregated 13F filings for Q1 2014.