United Fire Group
UFCS
118 hedge funds and large institutions have $356M invested in United Fire Group in 2023 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 35 increasing their positions, 51 reducing their positions, and 16 closing their positions.
2% less funds holding
Funds holding: 121 → 118 (-3)
2.91% less ownership
Funds ownership: 65.12% → 62.21% (-2.9%)
18% less capital invested
Capital invested by funds: $434M → $356M (-$78M)
19% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 16
31% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 51
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$1.56M |
| 2 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$1.51M |
| 3 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
+$1.07M |
| 4 |
Millennium Management
New York
|
+$876K |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$690K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EARNEST Partners
Atlanta,
Georgia
|
-$6.68M |
| 2 |
New York State Common Retirement Fund
Albany,
New York
|
-$6.56M |
| 3 |
BlackRock
New York
|
-$3.61M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$2.11M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MSRPS
126
Maryland State Retirement & Pension System
Baltimore,
Maryland
| – | -$235K | -8,834 | Closed |
|
127
Citadel Advisors
Miami,
Florida
| – | -$153K | -5,752 | Closed |
|
|
AWM
128
Accel Wealth Management
Waverly,
Iowa
| – | -$52.7K | -1,985 | Closed |
|
|
SO
129
STRS Ohio
Columbus,
Ohio
| – | -$26K | -1,000 | Closed |
|
|
TWA
130
TCI Wealth Advisors
Tucson,
Arizona
| – | -$4.81K | -181 | Closed |
|
|
NA
131
NewEdge Advisors
New Orleans,
Louisiana
| – | -$4.57K | -172 | Closed |
|
|
C
132
Covestor
London,
United Kingdom
| – | -$2K | -84 | Closed |
|
|
IAIM
133
International Assets Investment Management
Orlando,
Florida
| – | -$398 | -15 | Closed |
|
UFCS Hedge Fund Activity: Q2 2023 in Review
118 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in United Fire Group (UFCS) for Q2 2023, worth a combined $356M — down 18% from $434M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of UFCS and 13 opened new positions — a net loss of 3 holders — while 51 trimmed existing stakes and 35 added.
The largest buyer was Empowered Funds, opening a new position worth an estimated $1.56M. The largest seller was EARNEST Partners, cutting an estimated $6.68M.
- 118 institutional investors held United Fire Group (UFCS) as of Q2 2023, down from 121 in Q1 2023.
- Funds reported $356M of United Fire Group stock for Q2 2023, down 18% quarter-over-quarter.
- 13 funds opened new United Fire Group positions in Q2 2023 and 16 closed out, a net change of -3 holders.
- The largest United Fire Group buyer in Q2 2023 was Empowered Funds, an estimated $1.56M added.
- The largest United Fire Group seller in Q2 2023 was EARNEST Partners, an estimated $6.68M sold.
Based on aggregated 13F filings for Q2 2023.