Advanced Drainage Systems
98 hedge funds and large institutions have $799M invested in Advanced Drainage Systems in 2016 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 42 increasing their positions, 24 reducing their positions, and 12 closing their positions.
83% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 12
75% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 24
10% more funds holding
Funds holding: 89 → 98 (+9)
12.67% less ownership
Funds ownership: 82.77% → 70.11% (-13%)
22% less call options, than puts
Call options by funds: $326K | Put options by funds: $420K
25% less capital invested
Capital invested by funds: $1.06B → $799M (-$265M)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SP
Stockbridge Partners
Boston,
Massachusetts
|
+$21.3M |
| 2 |
BKBG
BHF Kleinwort Benson Group
Brussels,
Belgium
|
+$13.8M |
| 3 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$12.3M |
| 4 |
AAM
ACK Asset Management
Greenwich,
Connecticut
|
+$8.32M |
| 5 |
1WCM
12 West Capital Management
New York
|
+$5.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$21.9M |
| 2 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
-$20.2M |
| 3 |
WAM
Water Asset Management
New York
|
-$7.93M |
| 4 |
RIM
Ranger Investment Management
Dallas,
Texas
|
-$6.53M |
| 5 |
IAMU
Impax Asset Management (UK)
London,
United Kingdom
|
-$4.95M |
WMS Hedge Fund Activity: Q1 2016 in Review
98 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Advanced Drainage Systems (WMS) for Q1 2016, worth a combined $799M — down 25% from $1.06B a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new WMS positions and 12 closed out — a net gain of 10 holders — while 42 added to existing stakes and 24 trimmed.
The largest buyer was Stockbridge Partners, adding an estimated $21.3M. The largest seller was JP Morgan Chase, cutting an estimated $21.9M.
- 98 institutional investors held Advanced Drainage Systems (WMS) as of Q1 2016, up from 89 in Q4 2015.
- Funds reported $799M of Advanced Drainage Systems stock for Q1 2016, down 25% quarter-over-quarter.
- 22 funds opened new Advanced Drainage Systems positions in Q1 2016 and 12 closed out, a net change of +10 holders.
- The largest Advanced Drainage Systems buyer in Q1 2016 was Stockbridge Partners, an estimated $21.3M added.
- The largest Advanced Drainage Systems seller in Q1 2016 was JP Morgan Chase, an estimated $21.9M sold.
Based on aggregated 13F filings for Q1 2016.