FOA ranks #5040 out of 37503 tracked stocks by institutional interest, inside the more closely watched half of our coverage.
FOA is a top-conviction position for Beach Point Capital Management LP — at 9.9% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in FOA belongs to Cooperman Leon G, but the position matters far more to Beach Point Capital Management LP, who has 9.9% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
Brigade Capital Management, LP has added to its FOA position for two straight quarters, increasing it by $5.7M to reach $7.7M today.
Dimensional Fund Advisors LP has trimmed its FOA position for two straight quarters, cutting it by $4.8M while still holding $3.7M.
FOA is up 1.3% today, but institutions show net selling of $34.9M this quarter — a divergence between today's price move and the underlying institutional flow.