Century Aluminum
CENX
124 hedge funds and large institutions have $626M invested in Century Aluminum in 2014 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 30 increasing their positions, 49 reducing their positions, and 15 closing their positions.
80% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 15
51% more call options, than puts
Call options by funds: $3.76M | Put options by funds: $2.5M
31% more capital invested
Capital invested by funds: $478M → $626M (+$148M)
10% more funds holding
Funds holding: 113 → 124 (+11)
39% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 49
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$22M |
| 2 |
SG Americas Securities
New York
|
+$15.9M |
| 3 |
APG Asset Management
Amsterdam,
Netherlands
|
+$10.1M |
| 4 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$9.46M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$5.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Natixis
Paris,
France
|
-$23.3M |
| 2 |
WI
WHV Investments
San Francisco,
California
|
-$14M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$2.89M |
| 4 |
DSC
Donald Smith & Co
New York
|
-$2.29M |
| 5 |
Goldman Sachs
New York
|
-$1.93M |
CENX Hedge Fund Activity: Q1 2014 in Review
124 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Century Aluminum (CENX) for Q1 2014, worth a combined $626M — up 31% from $478M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new CENX positions and 15 closed out — a net gain of 12 holders — while 30 added to existing stakes and 49 trimmed.
The largest buyer was Systematic Financial Management, opening a new position worth an estimated $22M. The largest seller was Natixis, cutting an estimated $23.3M.
- 124 institutional investors held Century Aluminum (CENX) as of Q1 2014, up from 113 in Q4 2013.
- Funds reported $626M of Century Aluminum stock for Q1 2014, up 31% quarter-over-quarter.
- 27 funds opened new Century Aluminum positions in Q1 2014 and 15 closed out, a net change of +12 holders.
- The largest Century Aluminum buyer in Q1 2014 was Systematic Financial Management, an estimated $22M added.
- The largest Century Aluminum seller in Q1 2014 was Natixis, an estimated $23.3M sold.
Based on aggregated 13F filings for Q1 2014.