Century Aluminum
CENX
148 hedge funds and large institutions have $1.12B invested in Century Aluminum in 2017 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 43 increasing their positions, 62 reducing their positions, and 31 closing their positions.
117% more call options, than puts
Call options by funds: $17.1M | Put options by funds: $7.86M
14% more capital invested
Capital invested by funds: $985M → $1.12B (+$136M)
2.64% less ownership
Funds ownership: 67.99% → 65.36% (-2.6%)
9% less funds holding
Funds holding: 162 → 148 (-14)
31% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 62
42% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 31
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$31.5M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$18.5M |
| 3 |
AAM
Amerigo Asset Management
George Town,
Cayman Islands
|
+$15.3M |
| 4 |
State Street
Boston,
Massachusetts
|
+$12.2M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$10.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$29.8M |
| 2 |
IAM
Impala Asset Management
Palm Beach,
Florida
|
-$22.9M |
| 3 |
JP Morgan Chase
New York
|
-$19.2M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$11.9M |
| 5 |
Morgan Stanley
New York
|
-$10.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IWM
176
IHT Wealth Management
Chicago,
Illinois
| – | -$34K | -2,000 | Closed |
|
|
CCS
177
Crosspoint Capital Strategies
Orinda,
California
| – | -$7K | -408 | Closed |
|
178
US Bancorp
Minneapolis,
Minnesota
| – | -$1K | -70 | Closed |
|
179
AssetMark Inc
Concord,
California
| – | +$260 | +17 | New |
|
CENX Hedge Fund Activity: Q4 2017 in Review
148 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Century Aluminum (CENX) for Q4 2017, worth a combined $1.12B — up 14% from $985M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of CENX and 18 opened new positions — a net loss of 13 holders — while 62 trimmed existing stakes and 43 added.
The largest buyer was Capital World Investors, opening a new position worth an estimated $31.5M. The largest seller was Victory Capital Management, exiting entirely with an estimated $29.8M sold.
- 148 institutional investors held Century Aluminum (CENX) as of Q4 2017, down from 162 in Q3 2017.
- Funds reported $1.12B of Century Aluminum stock for Q4 2017, up 14% quarter-over-quarter.
- 18 funds opened new Century Aluminum positions in Q4 2017 and 31 closed out, a net change of -13 holders.
- The largest Century Aluminum buyer in Q4 2017 was Capital World Investors, an estimated $31.5M added.
- The largest Century Aluminum seller in Q4 2017 was Victory Capital Management, an estimated $29.8M sold.
Based on aggregated 13F filings for Q4 2017.