ABM Industries
246 hedge funds and large institutions have $2.35B invested in ABM Industries in 2023 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 89 increasing their positions, 99 reducing their positions, and 40 closing their positions.
149% more call options, than puts
Call options by funds: $4.57M | Put options by funds: $1.84M
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
2.64% less ownership
Funds ownership: 92.05% → 89.41% (-2.6%)
6% less funds holding
Funds holding: 263 → 246 (-17)
9% less capital invested
Capital invested by funds: $2.59B → $2.35B (-$243M)
10% less repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 99
40% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 40
Top Buyers
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$113M |
| 2 |
Millennium Management
New York
|
+$25.9M |
| 3 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$17.8M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$9.34M |
| 5 |
Morgan Stanley
New York
|
+$4.88M |
Top Sellers
| 1 |
State Street
Boston,
Massachusetts
|
-$130M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$38.6M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$27.1M |
| 4 |
BlackRock
New York
|
-$15.8M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
-$12.9M |
ABM Hedge Fund Activity: Q3 2023 in Review
246 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in ABM Industries (ABM) for Q3 2023, worth a combined $2.35B — down 9.4% from $2.59B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of ABM and 24 opened new positions — a net loss of 16 holders — while 99 trimmed existing stakes and 89 added.
The largest buyer was AllianceBernstein, adding an estimated $113M. The largest seller was State Street, cutting an estimated $130M.
- 246 institutional investors held ABM Industries (ABM) as of Q3 2023, down from 263 in Q2 2023.
- Funds reported $2.35B of ABM Industries stock for Q3 2023, down 9.4% quarter-over-quarter.
- 24 funds opened new ABM Industries positions in Q3 2023 and 40 closed out, a net change of -16 holders.
- The largest ABM Industries buyer in Q3 2023 was AllianceBernstein, an estimated $113M added.
- The largest ABM Industries seller in Q3 2023 was State Street, an estimated $130M sold.
Based on aggregated 13F filings for Q3 2023.