Velocity Financial
VEL
37 hedge funds and large institutions have $242M invested in Velocity Financial in 2021 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 2 closing their positions.
700% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 2
127% more capital invested
Capital invested by funds: $107M → $242M (+$136M)
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
61% more funds holding
Funds holding: 23 → 37 (+14)
35.98% more ownership
Funds ownership: 58.43% → 94.41% (+36%)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$7.5M |
| 2 |
BlackRock
New York
|
+$4.2M |
| 3 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$2.21M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.49M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$948K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$7.72M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$4.33M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
-$2.18M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$556K |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$355K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
New York State Common Retirement Fund
Albany,
New York
| $100K | +$84.8K | +8,000 | New |
|
27
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $64K | +$54K | +5,091 | New |
|
28
Bank of America
Charlotte,
North Carolina
| $58K | +$33.5K | +3,157 | +215% |
|
29
Wells Fargo
San Francisco,
California
| $16K | -$31.6K | -2,984 | -70% |
|
30
UBS Group
Zurich,
Switzerland
| $15K | -$11.5K | -1,082 | -47% |
|
31
Legal & General Group
London,
United Kingdom
| $9K | +$7.22K | +681 | New |
|
|
AIP
32
Ameritas Investment Partners
Lincoln,
Nebraska
| $8K | +$7.13K | +672 | New |
|
33
Royal Bank of Canada
Toronto,
Ontario, Canada
| $7K | +$6.23K | +587 | New |
|
|
TRCT
34
Tower Research Capital (TRC)
New York
| $5K | -$56.9K | -5,365 | -93% |
|
35
Citigroup
New York
| $5K | +$4.33K | +408 | New |
|
36
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| $2K | – | – | – |
|
|
AIG
37
American International Group
New York
| $60 | +$51K | +4,806 | New |
|
|
38
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$355K | -40,000 | Closed |
|
39
Millennium Management
New York
| – | -$210K | -23,675 | Closed |
|
VEL Hedge Fund Activity: Q2 2021 in Review
37 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Velocity Financial (VEL) for Q2 2021, worth a combined $242M — up 127% from $107M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new VEL positions and 2 closed out — a net gain of 14 holders — while 9 added to existing stakes and 10 trimmed.
The largest buyer was Beach Point Capital Management, adding an estimated $7.5M. The largest seller was Wellington Management Group, cutting an estimated $7.72M.
- 37 institutional investors held Velocity Financial (VEL) as of Q2 2021, up from 23 in Q1 2021.
- Funds reported $242M of Velocity Financial stock for Q2 2021, up 127% quarter-over-quarter.
- 16 funds opened new Velocity Financial positions in Q2 2021 and 2 closed out, a net change of +14 holders.
- The largest Velocity Financial buyer in Q2 2021 was Beach Point Capital Management, an estimated $7.5M added.
- The largest Velocity Financial seller in Q2 2021 was Wellington Management Group, an estimated $7.72M sold.
Based on aggregated 13F filings for Q2 2021.