XYRATEX LTD (BERMUDA)
XRTX
XRTX was delisted on the 31st of March, 2014.
61 hedge funds and large institutions have $189M invested in XYRATEX LTD (BERMUDA) in 2014 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 24 reducing their positions, and 27 closing their positions.
20% less funds holding
Funds holding: 76 → 61 (-15)
29% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 24
35% less capital invested
Capital invested by funds: $293M → $189M (-$104M)
56% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 27
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $5.72M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIC
Water Island Capital
New York
|
+$23.7M |
| 2 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$11.7M |
| 3 |
JP Morgan Chase
New York
|
+$6.19M |
| 4 |
PI
PineBridge Investments
New York
|
+$5.96M |
| 5 |
Renaissance Technologies
New York
|
+$5.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BSCM
Baker Street Capital Management
Los Angeles,
California
|
-$82.3M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$17.2M |
| 3 |
NRCM
Northern Right Capital Management
Darien,
Connecticut
|
-$16.2M |
| 4 |
BCM
BBT Capital Management
Fort Worth,
Texas
|
-$6.43M |
| 5 |
SG Americas Securities
New York
|
-$5.41M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MSA
76
Mason Street Advisors
Milwaukee,
Wisconsin
| – | -$649K | -48,800 | Closed |
|
77
Axa
Paris,
France
| – | -$579K | -43,600 | Closed |
|
|
SIM
78
Spark Investment Management
New York
| – | -$479K | -36,100 | Closed |
|
|
STIA
79
Stone Toro Investment Advisers
Princeton,
New Jersey
| – | -$456K | -34,300 | Closed |
|
|
PG
80
PEAK6 Group
Chicago,
Illinois
| – | -$411K | -30,916 | Closed |
|
|
GCIA
81
Gabelli & Co Investment Advisers
Rye,
New York
| – | -$247K | -18,600 | Closed |
|
|
WCM
82
Wedge Capital Management
Charlotte,
North Carolina
| – | -$208K | -15,675 | Closed |
|
83
BNP Paribas Financial Markets
Paris,
France
| – | -$166K | -12,500 | Closed |
|
84
Citadel Advisors
Miami,
Florida
| – | -$46K | -3,483 | Closed |
|
85
Bank of America
Charlotte,
North Carolina
| – | -$32K | -2,400 | Closed |
|
86
Envestnet Asset Management
Chicago,
Illinois
| – | -$19K | -1,464 | Closed |
|
|
CTC
87
Central Trust Company
Jefferson City,
Missouri
| – | -$15K | -1,150 | Closed |
|
|
ASN
88
Advisory Services Network
Atlanta,
Georgia
| – | -$3K | -258 | Closed |
|
XRTX Hedge Fund Activity: Q1 2014 in Review
61 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in XYRATEX LTD (BERMUDA) (XRTX) for Q1 2014, worth a combined $189M — down 35% from $293M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of XRTX and 12 opened new positions — a net loss of 15 holders — while 24 trimmed existing stakes and 17 added.
The largest buyer was Water Island Capital, adding an estimated $23.7M. The largest seller was Baker Street Capital Management, exiting entirely with an estimated $82.3M sold.
- 61 institutional investors held XYRATEX LTD (BERMUDA) (XRTX) as of Q1 2014, down from 76 in Q4 2013.
- Funds reported $189M of XYRATEX LTD (BERMUDA) stock for Q1 2014, down 35% quarter-over-quarter.
- 12 funds opened new XYRATEX LTD (BERMUDA) positions in Q1 2014 and 27 closed out, a net change of -15 holders.
- The largest XYRATEX LTD (BERMUDA) buyer in Q1 2014 was Water Island Capital, an estimated $23.7M added.
- The largest XYRATEX LTD (BERMUDA) seller in Q1 2014 was Baker Street Capital Management, an estimated $82.3M sold.
Based on aggregated 13F filings for Q1 2014.