Wayfair
278 hedge funds and large institutions have $4.51B invested in Wayfair in 2020 Q1 according to their latest regulatory filings, with 53 funds opening new positions, 104 increasing their positions, 82 reducing their positions, and 70 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 9 → 15 (+6)
27% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 82
2.65% more ownership
Funds ownership: 122.79% → 125.45% (+2.7%)
7% less funds holding
Funds holding: 299 → 278 (-21)
17% less call options, than puts
Call options by funds: $293M | Put options by funds: $353M
24% less first-time investments, than exits
New positions opened: 53 | Existing positions closed: 70
38% less capital invested
Capital invested by funds: $7.3B → $4.51B (-$2.78B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$97.6M |
| 2 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
+$90.1M |
| 3 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
+$88.5M |
| 4 |
PGP
Prescott General Partners
Boca Raton,
Florida
|
+$85.9M |
| 5 |
Janus Henderson Group
London,
United Kingdom
|
+$74.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$187M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$102M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
-$72.7M |
| 4 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$58.2M |
| 5 |
ZCI
Zevenbergen Capital Investments
Edmonds,
Washington
|
-$46.5M |
W Hedge Fund Activity: Q1 2020 in Review
278 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Wayfair (W) for Q1 2020, worth a combined $4.51B — down 38% from $7.3B a quarter earlier.
Sellers outnumbered buyers: 70 funds closed out of W and 53 opened new positions — a net loss of 17 holders — while 82 trimmed existing stakes and 104 added.
The largest buyer was Morgan Stanley, adding an estimated $97.6M. The largest seller was Principal Financial Group, exiting entirely with an estimated $187M sold.
- 278 institutional investors held Wayfair (W) as of Q1 2020, down from 299 in Q4 2019.
- Funds reported $4.51B of Wayfair stock for Q1 2020, down 38% quarter-over-quarter.
- 53 funds opened new Wayfair positions in Q1 2020 and 70 closed out, a net change of -17 holders.
- The largest Wayfair buyer in Q1 2020 was Morgan Stanley, an estimated $97.6M added.
- The largest Wayfair seller in Q1 2020 was Principal Financial Group, an estimated $187M sold.
Based on aggregated 13F filings for Q1 2020.