WeWork Inc.
WE was delisted on the 3rd of November, 2023.
58 hedge funds and large institutions have $129M invested in WeWork Inc. in 2023 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 23 increasing their positions, 22 reducing their positions, and 79 closing their positions.
5% more call options, than puts
Call options by funds: $18.2M | Put options by funds: $17.4M
5% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 22
56% less funds holding
Funds holding: 131 → 58 (-73)
72% less capital invested
Capital invested by funds: $459M → $129M (-$330M)
80% less funds holding in top 10
Funds holding in top 10: 5 → 1 (-4)
91% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 79
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$5.33M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$2.68M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.65M |
| 4 |
Jane Street
New York
|
+$1.55M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$985K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KSCM
King Street Capital Management
New York
|
-$13.3M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$4.87M |
| 3 |
SA
Sycale Advisors
New York
|
-$4.7M |
| 4 |
BCM
Brigade Capital Management
New York
|
-$4.19M |
| 5 |
IHG
Insight Holdings Group
New York
|
-$3.19M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
APP
126
Avantax Planning Partners
Dubuque,
Iowa
| – | -$2.55K | -250 | Closed |
|
127
Stifel Financial
St. Louis,
Missouri
| – | -$2.55K | -250 | Closed |
|
|
WAM
128
Wolverine Asset Management
Chicago,
Illinois
| – | -$1.92K | -188 | Closed |
|
|
FMII
129
Farmers & Merchants Investments Inc
Lincoln,
Nebraska
| – | -$511 | -50 | Closed |
|
|
NSIM
130
North Star Investment Management
Chicago,
Illinois
| – | -$472 | -46 | Closed |
|
131
New York State Common Retirement Fund
Albany,
New York
| – | -$392 | -38 | Closed |
|
|
FDCDDQ
132
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| – | -$148 | -15 | Closed |
|
|
C
133
Covestor
London,
United Kingdom
| – | -$34 | -5 | -83% |
|
|
KFI
134
Key Financial Inc
West Chester,
Pennsylvania
| – | -$51 | -5 | Closed |
|
|
CMP
135
Coston McIsaac & Partners
Bar Harbor,
Maine
| – | -$7 | -1 | -50% |
|
|
CG
136
Cutler Group
San Francisco,
California
| – | -$7 | -1 | -50% |
|
137
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
| – | -$2 | – | – |
|
WE Hedge Fund Activity: Q3 2023 in Review
58 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in WeWork Inc. (WE) for Q3 2023, worth a combined $129M — down 72% from $459M a quarter earlier.
Sellers outnumbered buyers: 79 funds closed out of WE and 7 opened new positions — a net loss of 72 holders — while 22 trimmed existing stakes and 23 added.
The largest buyer was BlackRock, adding an estimated $5.33M. The largest seller was King Street Capital Management, exiting entirely with an estimated $13.3M sold.
- 58 institutional investors held WeWork Inc. (WE) as of Q3 2023, down from 131 in Q2 2023.
- Funds reported $129M of WeWork Inc. stock for Q3 2023, down 72% quarter-over-quarter.
- 7 funds opened new WeWork Inc. positions in Q3 2023 and 79 closed out, a net change of -72 holders.
- The largest WeWork Inc. buyer in Q3 2023 was BlackRock, an estimated $5.33M added.
- The largest WeWork Inc. seller in Q3 2023 was King Street Capital Management, an estimated $13.3M sold.
Based on aggregated 13F filings for Q3 2023.