Century Aluminum
CENX
131 hedge funds and large institutions have $515M invested in Century Aluminum in 2020 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 40 increasing their positions, 51 reducing their positions, and 17 closing their positions.
105% more call options, than puts
Call options by funds: $1.75M | Put options by funds: $854K
50% more capital invested
Capital invested by funds: $343M → $515M (+$172M)
18% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 17
2% more funds holding
Funds holding: 128 → 131 (+3)
1.62% less ownership
Funds ownership: 53.85% → 52.23% (-1.6%)
22% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 51
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$10.6M |
| 2 |
N
Natixis
Paris,
France
|
+$8.84M |
| 3 |
SAM
Scopus Asset Management
New York
|
+$8.39M |
| 4 |
ECA
Encompass Capital Advisors
New York
|
+$5.52M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$5.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$20.6M |
| 2 |
CWM
CIBC World Markets
New York
|
-$16.5M |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$7.15M |
| 4 |
IAM
Impala Asset Management
Palm Beach,
Florida
|
-$4.35M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$3.98M |
CENX Hedge Fund Activity: Q4 2020 in Review
131 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Century Aluminum (CENX) for Q4 2020, worth a combined $515M — up 50% from $343M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new CENX positions and 17 closed out — a net gain of 3 holders — while 40 added to existing stakes and 51 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $10.6M. The largest seller was Canada Pension Plan Investment Board, cutting an estimated $20.6M.
- 131 institutional investors held Century Aluminum (CENX) as of Q4 2020, up from 128 in Q3 2020.
- Funds reported $515M of Century Aluminum stock for Q4 2020, up 50% quarter-over-quarter.
- 20 funds opened new Century Aluminum positions in Q4 2020 and 17 closed out, a net change of +3 holders.
- The largest Century Aluminum buyer in Q4 2020 was Millennium Management, an estimated $10.6M added.
- The largest Century Aluminum seller in Q4 2020 was Canada Pension Plan Investment Board, an estimated $20.6M sold.
Based on aggregated 13F filings for Q4 2020.