Yelp
YELP
183 hedge funds and large institutions have $1.2B invested in Yelp in 2015 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 67 increasing their positions, 66 reducing their positions, and 90 closing their positions.
2% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 66
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
9.87% less ownership
Funds ownership: 94.34% → 84.47% (-9.9%)
25% less funds holding
Funds holding: 243 → 183 (-60)
25% less call options, than puts
Call options by funds: $110M | Put options by funds: $146M
54% less capital invested
Capital invested by funds: $2.64B → $1.2B (-$1.43B)
66% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 90
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
+$63M |
| 2 |
MC
Maverick Capital
Dallas,
Texas
|
+$43.6M |
| 3 |
TCM
Tybourne Capital Management
Hong Kong
|
+$35.5M |
| 4 |
DCM
Dorsal Capital Management
Redwood City,
California
|
+$32.6M |
| 5 |
SCM
Stonerise Capital Management
San Francisco,
California
|
+$24.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Cornerstone Capital Management
Edina,
Minnesota
|
-$75.1M |
| 2 |
OH
Orbis Holdings
Hamilton,
Bermuda
|
-$53.8M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$50.9M |
| 4 |
ZCI
Zevenbergen Capital Investments
Edmonds,
Washington
|
-$49M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$42.5M |
YELP Hedge Fund Activity: Q3 2015 in Review
183 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Yelp (YELP) for Q3 2015, worth a combined $1.2B — down 54% from $2.64B a quarter earlier.
Sellers outnumbered buyers: 90 funds closed out of YELP and 31 opened new positions — a net loss of 59 holders — while 66 trimmed existing stakes and 67 added.
The largest buyer was Eminence Capital, adding an estimated $63M. The largest seller was Cornerstone Capital Management, exiting entirely with an estimated $75.1M sold.
- 183 institutional investors held Yelp (YELP) as of Q3 2015, down from 243 in Q2 2015.
- Funds reported $1.2B of Yelp stock for Q3 2015, down 54% quarter-over-quarter.
- 31 funds opened new Yelp positions in Q3 2015 and 90 closed out, a net change of -59 holders.
- The largest Yelp buyer in Q3 2015 was Eminence Capital, an estimated $63M added.
- The largest Yelp seller in Q3 2015 was Cornerstone Capital Management, an estimated $75.1M sold.
Based on aggregated 13F filings for Q3 2015.