Yelp
YELP
210 hedge funds and large institutions have $2.24B invested in Yelp in 2017 Q2 according to their latest regulatory filings, with 52 funds opening new positions, 88 increasing their positions, 53 reducing their positions, and 66 closing their positions.
66% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 53
50% more funds holding in top 10
Funds holding in top 10: 12 → 18 (+6)
1.95% more ownership
Funds ownership: 90.66% → 92.61% (+1.9%)
7% less call options, than puts
Call options by funds: $181M | Put options by funds: $195M
5% less capital invested
Capital invested by funds: $2.37B → $2.24B (-$128M)
7% less funds holding
Funds holding: 225 → 210 (-15)
21% less first-time investments, than exits
New positions opened: 52 | Existing positions closed: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$75M |
| 2 |
SCA
Southpoint Capital Advisors
New York
|
+$68.6M |
| 3 |
Fisher Asset Management
Camas,
Washington
|
+$66.6M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$53.5M |
| 5 |
EAM
EastBay Asset Management
New York
|
+$47.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$56.3M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$51.7M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$47.9M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$47.5M |
| 5 |
DCM
Dorsal Capital Management
Redwood City,
California
|
-$42.2M |
YELP Hedge Fund Activity: Q2 2017 in Review
210 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Yelp (YELP) for Q2 2017, worth a combined $2.24B — down 5.4% from $2.37B a quarter earlier.
Sellers outnumbered buyers: 66 funds closed out of YELP and 52 opened new positions — a net loss of 14 holders — while 53 trimmed existing stakes and 88 added.
The largest buyer was BlackRock, adding an estimated $75M. The largest seller was Millennium Management, cutting an estimated $56.3M.
- 210 institutional investors held Yelp (YELP) as of Q2 2017, down from 225 in Q1 2017.
- Funds reported $2.24B of Yelp stock for Q2 2017, down 5.4% quarter-over-quarter.
- 52 funds opened new Yelp positions in Q2 2017 and 66 closed out, a net change of -14 holders.
- The largest Yelp buyer in Q2 2017 was BlackRock, an estimated $75M added.
- The largest Yelp seller in Q2 2017 was Millennium Management, an estimated $56.3M sold.
Based on aggregated 13F filings for Q2 2017.