Ziff Davis
285 hedge funds and large institutions have $3.16B invested in Ziff Davis in 2016 Q1 according to their latest regulatory filings, with 56 funds opening new positions, 107 increasing their positions, 97 reducing their positions, and 45 closing their positions.
24% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 45
10% more repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 97
4% more funds holding
Funds holding: 275 → 285 (+10)
23% less capital invested
Capital invested by funds: $4.12B → $3.16B (-$953M)
42% less call options, than puts
Call options by funds: $17.8M | Put options by funds: $30.5M
78% less funds holding in top 10
Funds holding in top 10: 9 → 2 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$43.9M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$39.9M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
+$39.1M |
| 4 |
Goldman Sachs
New York
|
+$35.5M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
+$25.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$63.3M |
| 2 |
Neuberger Berman Group
New York
|
-$39.2M |
| 3 |
CCM
Century Capital Management
Boston,
Massachusetts
|
-$23.6M |
| 4 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$21.9M |
| 5 |
CM
Castleark Management
Chicago,
Illinois
|
-$20.2M |
ZD Hedge Fund Activity: Q1 2016 in Review
285 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Ziff Davis (ZD) for Q1 2016, worth a combined $3.16B — down 23% from $4.12B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new ZD positions and 45 closed out — a net gain of 11 holders — while 107 added to existing stakes and 97 trimmed.
The largest buyer was Victory Capital Management, adding an estimated $43.9M. The largest seller was River Road Asset Management, exiting entirely with an estimated $63.3M sold.
- 285 institutional investors held Ziff Davis (ZD) as of Q1 2016, up from 275 in Q4 2015.
- Funds reported $3.16B of Ziff Davis stock for Q1 2016, down 23% quarter-over-quarter.
- 56 funds opened new Ziff Davis positions in Q1 2016 and 45 closed out, a net change of +11 holders.
- The largest Ziff Davis buyer in Q1 2016 was Victory Capital Management, an estimated $43.9M added.
- The largest Ziff Davis seller in Q1 2016 was River Road Asset Management, an estimated $63.3M sold.
Based on aggregated 13F filings for Q1 2016.