Velocity Financial
VEL
30 hedge funds and large institutions have $46.5M invested in Velocity Financial in 2020 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 18 closing their positions.
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
25% less funds holding
Funds holding: 40 → 30 (-10)
38.65% less ownership
Funds ownership: 105.55% → 66.9% (-39%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
50% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 18
71% less capital invested
Capital invested by funds: $160M → $46.5M (-$114M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
+$6.29M |
| 2 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$3.81M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$3.36M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.55M |
| 5 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
+$618K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
-$6.35M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$5.37M |
| 3 |
NSGL
No Street GP LP
San Francisco,
California
|
-$2.88M |
| 4 |
Blackstone Inc
New York
|
-$1.62M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$1.57M |
VEL Hedge Fund Activity: Q2 2020 in Review
30 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Velocity Financial (VEL) for Q2 2020, worth a combined $46.5M — down 71% from $160M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of VEL and 9 opened new positions — a net loss of 9 holders — while 11 trimmed existing stakes and 10 added.
The largest buyer was Allianz Asset Management, adding an estimated $6.29M. The largest seller was Philadelphia Financial Management of San Francisco, exiting entirely with an estimated $6.35M sold.
- 30 institutional investors held Velocity Financial (VEL) as of Q2 2020, down from 40 in Q1 2020.
- Funds reported $46.5M of Velocity Financial stock for Q2 2020, down 71% quarter-over-quarter.
- 9 funds opened new Velocity Financial positions in Q2 2020 and 18 closed out, a net change of -9 holders.
- The largest Velocity Financial buyer in Q2 2020 was Allianz Asset Management, an estimated $6.29M added.
- The largest Velocity Financial seller in Q2 2020 was Philadelphia Financial Management of San Francisco, an estimated $6.35M sold.
Based on aggregated 13F filings for Q2 2020.