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240 hedge funds and large institutions have $2.33B invested in Yelp in 2019 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 63 increasing their positions, 110 reducing their positions, and 59 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more call options, than puts

Call options by funds: $112M | Put options by funds: $83.7M

7.67% less ownership

Funds ownership: 95.79%88.13% (-7.7%)

12% less funds holding

Funds holding: 274240 (-34)

14% less capital invested

Capital invested by funds: $2.71B → $2.33B (-$383M)

30% less funds holding in top 10

Funds holding in top 10: 107 (-3)

43% less repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 110

51% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 59

Holders
240
Holders Change
-34
Holders Change %
-12.41%
% of All Funds
5.21%
Holding in Top 10
7
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-30%
% of All Funds
0.15%
New
29
Increased
63
Reduced
110
Closed
59
Calls
$112M
Puts
$83.7M
Net Calls
+$28.7M
Net Calls Change
+$97.5M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$333M -$39.8M -1,149,478 -11%
Vanguard Group
2
Vanguard Group
Pennsylvania
$243M -$7.92M -229,023 -3%
PGP
3
Prescott General Partners
Florida
$169M -$5.18M -149,790 -3%
D.E. Shaw & Co
4
D.E. Shaw & Co
New York
$116M +$35.9M +1,036,645 +44%
Fisher Asset Management
5
Fisher Asset Management
Washington
$105M +$2.38M +68,669 +2%
State Street
6
State Street
Massachusetts
$83.5M -$1.9M -54,936 -2%
Allianz Asset Management
7
Allianz Asset Management
Germany
$75.3M -$4.01M -116,029 -5%
SEP
8
Soma Equity Partners
California
$70.9M +$2.59M +75,000 +4%
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$47.1M +$6.84M +197,678 +17%
ClearBridge Investments
10
ClearBridge Investments
New York
$43.1M +$1.34M +38,828 +3%
Northern Trust
11
Northern Trust
Illinois
$42.6M -$836K -24,171 -2%
Goldman Sachs
12
Goldman Sachs
New York
$41.4M -$9.9M -286,119 -19%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$36.1M -$6.48M -187,214 -15%
Macquarie Group
14
Macquarie Group
Australia
$35.1M -$12.3M -355,544 -26%
RCAMU
15
Rothschild & Co Asset Management US
Connecticut
$34.4M +$34.9M +1,007,722 New
Franklin Resources
16
Franklin Resources
California
$29.6M +$27.7K +801 +0.1%
PAMU
17
Pictet Asset Management (UK)
United Kingdom
$27.9M -$8.44M -244,007 -23%
Norges Bank
18
Norges Bank
Norway
$27.5M
Bank of New York Mellon
19
Bank of New York Mellon
New York
$27.1M -$1.49M -43,173 -5%
Victory Capital Management
20
Victory Capital Management
Texas
$25.5M -$25.1M -726,425 -49%
DLA
21
Douglas Lane & Associates
New York
$25.1M +$1.23M +35,574 +5%
GIG
22
Goodnow Investment Group
Connecticut
$23M +$21.6M +623,705 +1,243%
JIM
23
Jupiter Investment Management
United Kingdom
$20.2M +$20.5M +591,836 New
Capital World Investors
24
Capital World Investors
California
$20M +$20.2M +585,000 New
PIMJS
25
PKO Investment Management Joint-Stock
Poland
$18.4M +$1.26M +36,517 +7%

YELP Hedge Fund Activity: Q2 2019 in Review

240 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Yelp (YELP) for Q2 2019, worth a combined $2.33B — down 14% from $2.71B a quarter earlier.

Sellers outnumbered buyers: 59 funds closed out of YELP and 29 opened new positions — a net loss of 30 holders — while 110 trimmed existing stakes and 63 added.

The largest buyer was D.E. Shaw & Co, adding an estimated $35.9M. The largest seller was SQN Investors, exiting entirely with an estimated $102M sold.

  • 240 institutional investors held Yelp (YELP) as of Q2 2019, down from 274 in Q1 2019.
  • Funds reported $2.33B of Yelp stock for Q2 2019, down 14% quarter-over-quarter.
  • 29 funds opened new Yelp positions in Q2 2019 and 59 closed out, a net change of -30 holders.
  • The largest Yelp buyer in Q2 2019 was D.E. Shaw & Co, an estimated $35.9M added.
  • The largest Yelp seller in Q2 2019 was SQN Investors, an estimated $102M sold.

Based on aggregated 13F filings for Q2 2019.