Upbound Group
UPBD
165 hedge funds and large institutions have $564M invested in Upbound Group in 2017 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 64 increasing their positions, 49 reducing their positions, and 39 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
31% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 49
16.08% more ownership
Funds ownership: 103.61% → 119.69% (+16%)
7% less funds holding
Funds holding: 178 → 165 (-13)
9% less capital invested
Capital invested by funds: $620M → $564M (-$55.8M)
18% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 39
73% less call options, than puts
Call options by funds: $9.86M | Put options by funds: $36.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Engaged Capital
Newport Beach,
California
|
+$60.7M |
| 2 |
BlackRock
New York
|
+$59.5M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
+$17.4M |
| 4 |
AVC
Arlington Value Capital
Salt Lake City,
Utah
|
+$13.4M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$10.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$20.8M |
| 2 |
Pzena Investment Management
New York
|
-$19.6M |
| 3 |
Morgan Stanley
New York
|
-$8.33M |
| 4 |
LCP
Lombardia Capital Partners
Pasadena,
California
|
-$7.57M |
| 5 |
Renaissance Technologies
New York
|
-$5.54M |
UPBD Hedge Fund Activity: Q1 2017 in Review
165 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Upbound Group (UPBD) for Q1 2017, worth a combined $564M — down 9% from $620M a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of UPBD and 32 opened new positions — a net loss of 7 holders — while 49 trimmed existing stakes and 64 added.
The largest buyer was Engaged Capital, adding an estimated $60.7M. The largest seller was JP Morgan Chase, cutting an estimated $20.8M.
- 165 institutional investors held Upbound Group (UPBD) as of Q1 2017, down from 178 in Q4 2016.
- Funds reported $564M of Upbound Group stock for Q1 2017, down 9% quarter-over-quarter.
- 32 funds opened new Upbound Group positions in Q1 2017 and 39 closed out, a net change of -7 holders.
- The largest Upbound Group buyer in Q1 2017 was Engaged Capital, an estimated $60.7M added.
- The largest Upbound Group seller in Q1 2017 was JP Morgan Chase, an estimated $20.8M sold.
Based on aggregated 13F filings for Q1 2017.