WEX
346 hedge funds and large institutions have $6.1B invested in WEX in 2020 Q3 according to their latest regulatory filings, with 58 funds opening new positions, 124 increasing their positions, 108 reducing their positions, and 57 closing their positions.
31% more call options, than puts
Call options by funds: $44.4M | Put options by funds: $33.9M
15% more repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 108
2% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 57
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0% less funds holding
Funds holding: 347 → 346 (-1)
1.45% less ownership
Funds ownership: 100.93% → 99.48% (-1.4%)
16% less capital invested
Capital invested by funds: $7.24B → $6.1B (-$1.14B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WP
Warburg Pincus
New York
|
+$90.5M |
| 2 |
HVCM
HG Vora Capital Management
New York
|
+$54.8M |
| 3 |
Morgan Stanley
New York
|
+$25.5M |
| 4 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$25.4M |
| 5 |
TCG
Tremblant Capital Group
West Palm Beach,
Florida
|
+$24.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
-$124M |
| 2 |
KCM
Kensico Capital Management
Greenwich,
Connecticut
|
-$88.2M |
| 3 |
ESCM
Echo Street Capital Management
New York
|
-$84.4M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$23.2M |
| 5 |
MWNA
Marshall Wace North America
New York
|
-$19.7M |
WEX Hedge Fund Activity: Q3 2020 in Review
346 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in WEX (WEX) for Q3 2020, worth a combined $6.1B — down 16% from $7.24B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new WEX positions and 57 closed out — a net gain of 1 holder — while 124 added to existing stakes and 108 trimmed.
The largest buyer was Warburg Pincus, opening a new position worth an estimated $90.5M. The largest seller was William Blair Investment Management, cutting an estimated $124M.
- 346 institutional investors held WEX (WEX) as of Q3 2020, down from 347 in Q2 2020.
- Funds reported $6.1B of WEX stock for Q3 2020, down 16% quarter-over-quarter.
- 58 funds opened new WEX positions in Q3 2020 and 57 closed out, a net change of +1 holder.
- The largest WEX buyer in Q3 2020 was Warburg Pincus, an estimated $90.5M added.
- The largest WEX seller in Q3 2020 was William Blair Investment Management, an estimated $124M sold.
Based on aggregated 13F filings for Q3 2020.