Velocity Financial
VEL
29 hedge funds and large institutions have $64M invested in Velocity Financial in 2020 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 12 reducing their positions, and 5 closing their positions.
38% more capital invested
Capital invested by funds: $46.5M → $64M (+$17.5M)
1.55% more ownership
Funds ownership: 66.9% → 68.45% (+1.6%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 30 → 29 (-1)
17% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 12
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$666K |
| 2 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$474K |
| 3 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
+$443K |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
+$348K |
| 5 |
Renaissance Technologies
New York
|
+$213K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$338K |
| 2 |
Millennium Management
New York
|
-$333K |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$133K |
| 4 |
Jane Street
New York
|
-$103K |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$82K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
JP Morgan Chase
New York
| $8K | -$16.9K | -3,844 | -70% |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $5K | -$8.25K | -1,872 | -65% |
|
28
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | -$2.66K | -603 | -75% |
|
|
29
Millennium Management
New York
| $236 | -$333K | -75,534 | -62% |
|
|
30
T. Rowe Price Associates
Baltimore,
Maryland
| – | -$338K | -85,678 | Closed |
|
|
OMC
31
Old Mission Capital
Chicago,
Illinois
| – | -$82K | -20,700 | Closed |
|
|
PP
32
Paloma Partners
Greenwich,
Connecticut
| – | -$68K | -17,150 | Closed |
|
33
Citadel Advisors
Miami,
Florida
| – | -$63K | -15,887 | Closed |
|
|
PCM
34
Prelude Capital Management
New York
| – | -$4K | -956 | Closed |
|
VEL Hedge Fund Activity: Q3 2020 in Review
29 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Velocity Financial (VEL) for Q3 2020, worth a combined $64M — up 38% from $46.5M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of VEL and 4 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 10 added.
The largest buyer was Wellington Management Group, adding an estimated $666K. The largest seller was T. Rowe Price Associates, exiting entirely with an estimated $338K sold.
- 29 institutional investors held Velocity Financial (VEL) as of Q3 2020, down from 30 in Q2 2020.
- Funds reported $64M of Velocity Financial stock for Q3 2020, up 38% quarter-over-quarter.
- 4 funds opened new Velocity Financial positions in Q3 2020 and 5 closed out, a net change of -1 holder.
- The largest Velocity Financial buyer in Q3 2020 was Wellington Management Group, an estimated $666K added.
- The largest Velocity Financial seller in Q3 2020 was T. Rowe Price Associates, an estimated $338K sold.
Based on aggregated 13F filings for Q3 2020.