Century Aluminum
CENX
157 hedge funds and large institutions have $360M invested in Century Aluminum in 2018 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 54 increasing their positions, 49 reducing their positions, and 22 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 49
5% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 22
1% more funds holding
Funds holding: 156 → 157 (+1)
10% less call options, than puts
Call options by funds: $3.56M | Put options by funds: $3.95M
1.37% less ownership
Funds ownership: 57.61% → 56.24% (-1.4%)
40% less capital invested
Capital invested by funds: $604M → $360M (-$244M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$13.2M |
| 2 |
Millennium Management
New York
|
+$5.79M |
| 3 |
RA
Royce & Associates
New York
|
+$4.19M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$2.17M |
| 5 |
JP Morgan Chase
New York
|
+$2.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
-$10.9M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$7.18M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$6.41M |
| 4 |
SSA
Schonfeld Strategic Advisors
New York
|
-$4.01M |
| 5 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$3.59M |
CENX Hedge Fund Activity: Q4 2018 in Review
157 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Century Aluminum (CENX) for Q4 2018, worth a combined $360M — down 40% from $604M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new CENX positions and 22 closed out — a net gain of 1 holder — while 54 added to existing stakes and 49 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $13.2M. The largest seller was Balyasny Asset Management, cutting an estimated $10.9M.
- 157 institutional investors held Century Aluminum (CENX) as of Q4 2018, up from 156 in Q3 2018.
- Funds reported $360M of Century Aluminum stock for Q4 2018, down 40% quarter-over-quarter.
- 23 funds opened new Century Aluminum positions in Q4 2018 and 22 closed out, a net change of +1 holder.
- The largest Century Aluminum buyer in Q4 2018 was Citadel Advisors, an estimated $13.2M added.
- The largest Century Aluminum seller in Q4 2018 was Balyasny Asset Management, an estimated $10.9M sold.
Based on aggregated 13F filings for Q4 2018.