VEON
VEON
114 hedge funds and large institutions have $824M invested in VEON in 2014 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 36 increasing their positions, 31 reducing their positions, and 21 closing their positions.
33% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 21
16% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 31
4% more funds holding
Funds holding: 110 → 114 (+4)
27% less capital invested
Capital invested by funds: $1.13B → $824M (-$309M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
93% less call options, than puts
Call options by funds: $593K | Put options by funds: $8.46M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$30.8M |
| 2 |
OTPPB
Ontario Teachers' Pension Plan Board
Toronto,
Ontario, Canada
|
+$28.1M |
| 3 |
CC
Carlson Capital
Dallas,
Texas
|
+$16.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$10.9M |
| 5 |
NM
Nokota Management
New York
|
+$9.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
-$45.3M |
| 2 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
-$16.6M |
| 3 |
NC
Nevsky Capital
London,
United Kingdom
|
-$10.8M |
| 4 |
PCM
Prosperity Capital Management
Camana Bay,
Cayman Islands
|
-$10.2M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$10M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QBFM
126
QS Batterymarch Financial Management
New York
| – | -$508K | -1,568 | Closed |
|
127
Credit Agricole
Montrouge Cedex,
France
| – | -$472K | -1,460 | Closed |
|
128
HighTower Advisors
Chicago,
Illinois
| – | -$314K | -972 | Closed |
|
|
GCP
129
GSA Capital Partners
London,
United Kingdom
| – | -$302K | -935 | Closed |
|
|
EGA
130
Eagle Global Advisors
Houston,
Texas
| – | -$296K | -916 | Closed |
|
|
EMG
131
Ellington Management Group
Old Greenwich,
Connecticut
| – | -$180K | -556 | Closed |
|
132
Mirae Asset Global Investments
Seoul,
South Korea
| – | -$175K | -540 | Closed |
|
133
LPL Financial
San Diego,
California
| – | -$162K | -502 | Closed |
|
|
DVM
134
Dreman Value Management
West Palm Beach,
Florida
| – | -$54K | -168 | Closed |
|
135
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$47K | -145 | Closed |
|
|
CGT
136
Capital Guardian Trust
Los Angeles,
California
| – | -$41K | -127 | Closed |
|
VEON Hedge Fund Activity: Q1 2014 in Review
114 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in VEON (VEON) for Q1 2014, worth a combined $824M — down 27% from $1.13B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new VEON positions and 21 closed out — a net gain of 7 holders — while 36 added to existing stakes and 31 trimmed.
The largest buyer was Norges Bank, opening a new position worth an estimated $30.8M. The largest seller was Thornburg Investment Management, exiting entirely with an estimated $45.3M sold.
- 114 institutional investors held VEON (VEON) as of Q1 2014, up from 110 in Q4 2013.
- Funds reported $824M of VEON stock for Q1 2014, down 27% quarter-over-quarter.
- 28 funds opened new VEON positions in Q1 2014 and 21 closed out, a net change of +7 holders.
- The largest VEON buyer in Q1 2014 was Norges Bank, an estimated $30.8M added.
- The largest VEON seller in Q1 2014 was Thornburg Investment Management, an estimated $45.3M sold.
Based on aggregated 13F filings for Q1 2014.