Wayfair
146 hedge funds and large institutions have $2.52B invested in Wayfair in 2017 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 54 increasing their positions, 43 reducing their positions, and 15 closing their positions.
80% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 15
26% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 43
24% more capital invested
Capital invested by funds: $2.04B → $2.52B (+$484M)
5.64% more ownership
Funds ownership: 118.13% → 123.77% (+5.6%)
4% more funds holding
Funds holding: 141 → 146 (+5)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
71% less call options, than puts
Call options by funds: $12.4M | Put options by funds: $42.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SHIM
Spruce House Investment Management
New York
|
+$98.8M |
| 2 |
BlackRock
New York
|
+$74.5M |
| 3 |
MVP
Miller Value Partners
Sarasota,
Florida
|
+$52.1M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
+$42.7M |
| 5 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
+$41.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPI
Battery Partners IX
Boston,
Massachusetts
|
-$31.9M |
| 2 |
Coatue Management
New York
|
-$25.6M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$22.7M |
| 4 |
Jennison Associates
New York
|
-$20.3M |
| 5 |
CCM
Cadian Capital Management
New York
|
-$19.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TG
151
TCW Group
Los Angeles,
California
| – | -$511K | -14,585 | Closed |
|
|
MCM
152
Moon Capital Management
New York
| – | -$493K | -14,064 | Closed |
|
|
WS
153
Wedbush Securities
Los Angeles,
California
| – | -$417K | -11,892 | Closed |
|
154
Jane Street
New York
| – | -$284K | -7,176 | Closed |
|
155
HSBC Holdings
London,
United Kingdom
| – | -$250K | -7,148 | Closed |
|
156
Verition Fund Management
Greenwich,
Connecticut
| – | -$229K | -6,537 | Closed |
|
|
NJBEST
157
New Jersey Better Educational Savings Trust
Trenton,
New Jersey
| – | -$210K | -6,000 | Closed |
|
|
TRCT
158
Tower Research Capital (TRC)
New York
| – | -$123K | -3,514 | Closed |
|
|
SEC
159
Seven Eight Capital
New York
| – | -$118K | -3,357 | Closed |
|
|
PG
160
PEAK6 Group
Chicago,
Illinois
| – | -$68K | -1,939 | Closed |
|
|
BTIS
161
BB&T Investment Services
Charlotte,
North Carolina
| – | +$395 | +10 | New |
|
W Hedge Fund Activity: Q1 2017 in Review
146 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Wayfair (W) for Q1 2017, worth a combined $2.52B — up 24% from $2.04B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new W positions and 15 closed out — a net gain of 12 holders — while 54 added to existing stakes and 43 trimmed.
The largest buyer was Spruce House Investment Management, opening a new position worth an estimated $98.8M. The largest seller was Battery Partners IX, cutting an estimated $31.9M.
- 146 institutional investors held Wayfair (W) as of Q1 2017, up from 141 in Q4 2016.
- Funds reported $2.52B of Wayfair stock for Q1 2017, up 24% quarter-over-quarter.
- 27 funds opened new Wayfair positions in Q1 2017 and 15 closed out, a net change of +12 holders.
- The largest Wayfair buyer in Q1 2017 was Spruce House Investment Management, an estimated $98.8M added.
- The largest Wayfair seller in Q1 2017 was Battery Partners IX, an estimated $31.9M sold.
Based on aggregated 13F filings for Q1 2017.