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Advanced Drainage Systems

97 hedge funds and large institutions have $955M invested in Advanced Drainage Systems in 2015 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 45 increasing their positions, 21 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 21

25% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 20

11% more capital invested

Capital invested by funds: $862M → $955M (+$93.9M)

4% more funds holding

Funds holding: 9397 (+4)

0% more funds holding in top 10

Funds holding in top 10: 66 (0)

10.79% less ownership

Funds ownership: 70.81%60.02% (-11%)

Holders
97
Holders Change
+4
Holders Change %
+4.3%
% of All Funds
2.59%
Holding in Top 10
6
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.16%
New
25
Increased
45
Reduced
21
Closed
20
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
1WCM
1
12 West Capital Management
New York
$128M +$23M +884,447 +26%
WRF
2
Waddell & Reed Financial
Kansas
$90M
SP
3
Stockbridge Partners
Massachusetts
$82.5M +$71.7M +2,755,949 New
Massachusetts Financial Services
4
Massachusetts Financial Services
Massachusetts
$65.1M -$1.37M -52,559 -2%
Vanguard Group
5
Vanguard Group
Pennsylvania
$51.7M +$9.53M +366,325 +27%
PCM
6
PAR Capital Management
Massachusetts
$42M +$3.83M +147,300 +12%
VanEck Associates
7
VanEck Associates
New York
$41.2M +$1.24M +47,700 +4%
IAMU
8
Impax Asset Management (UK)
United Kingdom
$37.7M +$14.5M +557,900 +79%
BKBG
9
BHF Kleinwort Benson Group
Belgium
$36.9M -$11.8M -453,359 -27%
AAM
10
ACK Asset Management
Connecticut
$32.6M +$1.04M +40,000 +4%
Wellington Management Group
11
Wellington Management Group
Massachusetts
$28.2M +$24.5M +942,546 New
Citadel Advisors
12
Citadel Advisors
Florida
$26.3M +$18M +691,174 +368%
Neuberger Berman Group
13
Neuberger Berman Group
New York
$25.5M +$22.2M +851,430 New
Lord, Abbett & Co
14
Lord, Abbett & Co
New Jersey
$21.2M -$2.78M -106,900 -13%
FAM
15
Foundation Asset Management
New York
$18M +$15.6M +600,000 New
FIM
16
Foresters Investment Management
New York
$15.6M +$100K +3,850 +0.7%
Lazard Asset Management
17
Lazard Asset Management
New York
$15.4M -$2.49M -95,610 -16%
RIM
18
Ranger Investment Management
Texas
$14.6M +$12.7M +488,821 New
PNC Financial Services Group
19
PNC Financial Services Group
Pennsylvania
$12.9M -$3.12M -119,937 -22%
ZC
20
Zelman Capital
Ohio
$12.3M +$3.49M +134,050 +48%
Federated Hermes
21
Federated Hermes
Pennsylvania
$12M +$2.53M +97,343 +32%
OCM
22
Oskie Capital Management
New York
$11.9M +$10.4M +398,852 New
BFA
23
BlackRock Fund Advisors
California
$11.6M +$72.5K +2,788 +0.7%
Ameriprise
24
Ameriprise
Minnesota
$8.91M
BIT
25
BlackRock Institutional Trust
California
$8.13M +$2.94M +113,139 +71%

WMS Hedge Fund Activity: Q1 2015 in Review

97 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Advanced Drainage Systems (WMS) for Q1 2015, worth a combined $955M — up 11% from $862M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new WMS positions and 20 closed out — a net gain of 5 holders — while 45 added to existing stakes and 21 trimmed.

The largest buyer was Stockbridge Partners, opening a new position worth an estimated $71.7M. The largest seller was University of Notre Dame du Lac, exiting entirely with an estimated $78.8M sold.

  • 97 institutional investors held Advanced Drainage Systems (WMS) as of Q1 2015, up from 93 in Q4 2014.
  • Funds reported $955M of Advanced Drainage Systems stock for Q1 2015, up 11% quarter-over-quarter.
  • 25 funds opened new Advanced Drainage Systems positions in Q1 2015 and 20 closed out, a net change of +5 holders.
  • The largest Advanced Drainage Systems buyer in Q1 2015 was Stockbridge Partners, an estimated $71.7M added.
  • The largest Advanced Drainage Systems seller in Q1 2015 was University of Notre Dame du Lac, an estimated $78.8M sold.

Based on aggregated 13F filings for Q1 2015.