Advanced Drainage Systems
351 hedge funds and large institutions have $5.75B invested in Advanced Drainage Systems in 2023 Q1 according to their latest regulatory filings, with 67 funds opening new positions, 139 increasing their positions, 106 reducing their positions, and 78 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 139 | Existing positions reduced: 106
21% more call options, than puts
Call options by funds: $10.7M | Put options by funds: $8.81M
6% more capital invested
Capital invested by funds: $5.4B → $5.75B (+$345M)
4.47% more ownership
Funds ownership: 79.57% → 84.04% (+4.5%)
4% less funds holding
Funds holding: 366 → 351 (-15)
14% less first-time investments, than exits
New positions opened: 67 | Existing positions closed: 78
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$254M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$215M |
| 3 |
Impax Asset Management Group
London,
United Kingdom
|
+$65.1M |
| 4 |
State Street
Boston,
Massachusetts
|
+$64.7M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$41.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BP
Berkshire Partners
Boston,
Massachusetts
|
-$150M |
| 2 |
Westfield Capital Management
Boston,
Massachusetts
|
-$101M |
| 3 |
Millennium Management
New York
|
-$61M |
| 4 |
RS
Robeco Schweiz
Zurich,
Switzerland
|
-$56.6M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
-$55.9M |
WMS Hedge Fund Activity: Q1 2023 in Review
351 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Advanced Drainage Systems (WMS) for Q1 2023, worth a combined $5.75B — up 6.4% from $5.4B a quarter earlier.
Sellers outnumbered buyers: 78 funds closed out of WMS and 67 opened new positions — a net loss of 11 holders — while 106 trimmed existing stakes and 139 added.
The largest buyer was BlackRock, adding an estimated $254M. The largest seller was Berkshire Partners, exiting entirely with an estimated $150M sold.
- 351 institutional investors held Advanced Drainage Systems (WMS) as of Q1 2023, down from 366 in Q4 2022.
- Funds reported $5.75B of Advanced Drainage Systems stock for Q1 2023, up 6.4% quarter-over-quarter.
- 67 funds opened new Advanced Drainage Systems positions in Q1 2023 and 78 closed out, a net change of -11 holders.
- The largest Advanced Drainage Systems buyer in Q1 2023 was BlackRock, an estimated $254M added.
- The largest Advanced Drainage Systems seller in Q1 2023 was Berkshire Partners, an estimated $150M sold.
Based on aggregated 13F filings for Q1 2023.