BlueLinx
BXC
162 hedge funds and large institutions have $654M invested in BlueLinx in 2023 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 71 increasing their positions, 47 reducing their positions, and 25 closing their positions.
60% more funds holding in top 10
Funds holding in top 10: 5 → 8 (+3)
51% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 47
2.2% more ownership
Funds ownership: 86.25% → 88.45% (+2.2%)
4% less funds holding
Funds holding: 168 → 162 (-6)
11% less capital invested
Capital invested by funds: $735M → $654M (-$81.2M)
14% less call options, than puts
Call options by funds: $5.15M | Put options by funds: $6.01M
16% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$11.8M |
| 2 |
TC
Towle & Co
Denver,
Colorado
|
+$10.8M |
| 3 |
MRCM
Mill Road Capital Management
Greenwich,
Connecticut
|
+$10.4M |
| 4 |
BlackRock
New York
|
+$6.48M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$3.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$8.34M |
| 2 |
NC
Nokomis Capital
Dallas,
Texas
|
-$4.49M |
| 3 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
-$4.17M |
| 4 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$3.8M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$3.49M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VF
176
Virtu Financial
New York
| – | -$334K | -3,562 | Closed |
|
|
SSA
177
Schonfeld Strategic Advisors
New York
| – | -$300K | -3,200 | Closed |
|
|
OSAM
178
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$270K | -2,874 | Closed |
|
179
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
| – | -$209K | -2,241 | Closed |
|
180
SG Americas Securities
New York
| – | -$203K | -2,165 | Closed |
|
181
Walleye Trading
New York
| – | -$175K | -1,996 | Closed |
|
182
State of Tennessee, Department of Treasury
Nashville,
Tennessee
| – | -$169K | -1,800 | Closed |
|
|
WP
183
WealthPLAN Partners
Omaha,
Nebraska
| – | -$140K | -1,496 | Closed |
|
184
New York State Teachers Retirement System (NYSTRS)
Albany,
New York
| – | -$75K | -800 | Closed |
|
|
FGAM
185
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$230 | -94 | Closed |
|
|
BTI
186
Blue Trust Inc
Alpharetta,
Georgia
| – | -$1K | -10 | Closed |
|
|
PTC
187
Private Trust Company
Cleveland,
Ohio
| – | -$281 | -3 | Closed |
|
BXC Hedge Fund Activity: Q3 2023 in Review
162 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in BlueLinx (BXC) for Q3 2023, worth a combined $654M — down 11% from $735M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of BXC and 21 opened new positions — a net loss of 4 holders — while 47 trimmed existing stakes and 71 added.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $11.8M. The largest seller was Hotchkis & Wiley Capital Management, exiting entirely with an estimated $8.34M sold.
- 162 institutional investors held BlueLinx (BXC) as of Q3 2023, down from 168 in Q2 2023.
- Funds reported $654M of BlueLinx stock for Q3 2023, down 11% quarter-over-quarter.
- 21 funds opened new BlueLinx positions in Q3 2023 and 25 closed out, a net change of -4 holders.
- The largest BlueLinx buyer in Q3 2023 was Wellington Management Group, an estimated $11.8M added.
- The largest BlueLinx seller in Q3 2023 was Hotchkis & Wiley Capital Management, an estimated $8.34M sold.
Based on aggregated 13F filings for Q3 2023.