2016 Q4 Smart Money Report
What institutional investors did with their portfolios in 2016 Q4. Data from SEC 13F filings across 563+ tracked funds.
Updated December 31, 2016
Biggest New Positions
Largest fresh entries initiated this quarter by dollar value.
| Fund | Stock | Value | Weight | Conviction |
|---|---|---|---|---|
 TPG Group Holdings (SBS) Advisors, Inc. | COCOUSINS PPTYS INC | $328.2M | +3.5% | 86 |
| TPG Group Holdings (SBS) Advisors, Inc. | PK64050 | $107.3M | +1.2% | 69 |
 BLACKROCK ADVISORS LLC |  ISHARES TR | $64.5M | +0.1% | 41 |
| TPG Group Holdings (SBS) Advisors, Inc. |  Lamb Weston Holdings Inc | $50.9M | +0.5% | 57 |
| TPG Group Holdings (SBS) Advisors, Inc. |  Ebay Inc | $47.2M | +0.5% | 57 |
| BLACKROCK ADVISORS LLC |  VANGUARD INDEX FDS | $33.6M | +0.0% | 40 |
| BLACKROCK ADVISORS LLC |  ATHENE HOLDING LTD-CLASS A | $29.3M | +0.0% | 40 |
| BLACKROCK ADVISORS LLC |  ISHARES TR | $27.4M | +0.0% | 40 |
| BLACKROCK ADVISORS LLC |  ISHARES U S ETF TR | $22.2M | +0.0% | 39 |
| BLACKROCK ADVISORS LLC |  ISHARES TR | $21.2M | +0.0% | 39 |
Notable Exits
Positions completely sold this quarter, ranked by previous value.
| Fund | Stock | Previous Value |
|---|---|---|
| TPG Group Holdings (SBS) Advisors, Inc. | IM12571 | $3.5B |
| TPG Group Holdings (SBS) Advisors, Inc. | WYParkway Pptys Inc. | $402.5M |
| BLACKROCK ADVISORS LLC | ACAMERICAN CAP LTD | $184.5M |
| BLACKROCK ADVISORS LLC |  BROOKFIELD ASSET MANAGE-CL A | $74.8M |
| BLACKROCK ADVISORS LLC | CRCROWN CASTLE INTL CORP NEW | $68.7M |
| TPG Group Holdings (SBS) Advisors, Inc. |  AERIE PHARMACEUTICALS INC | $46.7M |
| TPG Group Holdings (SBS) Advisors, Inc. |  News Corporation | $41.2M |
| BLACKROCK ADVISORS LLC |  CAMECO CORP | $35.6M |
| TPG Group Holdings (SBS) Advisors, Inc. | BEB/E AEROSPACE INC | $22.7M |
| BLACKROCK ADVISORS LLC | LNLinkedIn Corp | $21.8M |
Top Double-Downs
Funds increasing positions into price weakness - contrarian conviction.
| Fund | Stock | Position Increase | Price Drop | DD Score |
|---|---|---|---|---|
| TPG Group Holdings (SBS) Advisors, Inc. |  CONSTELLATION BRANDS INC | +16.5% | -7.7% | 127 |
| TPG Group Holdings (SBS) Advisors, Inc. |  FIDELITY NATL FINL INC | +11.4% | -7.2% | 81 |
Highest Conviction Moves
The positions funds are most committed to this quarter.
| Fund | Stock | Type | Value | Conviction |
|---|---|---|---|---|
| TPG Group Holdings (SBS) Advisors, Inc. |  PEGASYSTEMS INC | Increased | $55.6M | 59 |
| TPG Group Holdings (SBS) Advisors, Inc. | LAMB WESTON HLDGS INC | New | $50.9M | 57 |
| TPG Group Holdings (SBS) Advisors, Inc. | EBAY INC. | New | $47.2M | 57 |
Fund Spotlight
This quarter's top-ranked fund: BLACKROCK ADVISORS LLC
Best & Worst Trades
Top 5 winners and losers by estimated P&L.
Top Winners
GPAEFSteward Partners Investment Advisory, LLC
AGLHB Wealth Management, LLCAGLMerit Financial Group, LLCAGLFarther Finance Advisors, LLCAGLLPL Financial LLCTop Losers
EVFMCITADEL ADVISORS LLC
SOBRHudson Bay Capital Management LP
TWNPQMILLENNIUM MANAGEMENT LLC
DLAPQQube Research & Technologies Ltd
QCLSCandriam S.C.A.Congress × Smart Money Overlap
Stocks where members of Congress AND institutional investors both bought — disclosed in Q2 2026. 10 stocks overlapped this quarter.
| Stock | Congress | Funds |
|---|---|---|
 DVNDEVON ENERGY CORP | 1 member | 275 funds |
 TSLATESLA INC | 1 member | 232 funds |
 KVUEKENVUE INC | 1 member | 163 funds |
 SPGSIMON PROPERTY GROUP INC | 1 member | 161 funds |
 COOCOOPER COS INC/THE | 1 member | 154 funds |
 TCBITEXAS CAPITAL BANCSHARES INC | 1 member | 106 funds |
 SPHRSPHERE ENTERTAINMENT CO | 1 member | 106 funds |
 QNTQUANTINUUM INC | 1 member | 90 funds |
 MTNVAIL RESORTS INC | 1 member | 89 funds |
 FOURSHIFT4 PAYMENTS INC-CLASS A | 1 member | 69 funds |
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer