Calumet Specialty Products
CLMT
114 hedge funds and large institutions have $402M invested in Calumet Specialty Products in 2013 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 41 increasing their positions, 31 reducing their positions, and 22 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 31
0% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 22
3% less funds holding
Funds holding: 117 → 114 (-3)
29% less capital invested
Capital invested by funds: $568M → $402M (-$166M)
35% less call options, than puts
Call options by funds: $12.5M | Put options by funds: $19.1M
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EAM
Edge Asset Management
Seattle,
Washington
|
+$10.9M |
| 2 |
PG
PEAK6 Group
Chicago,
Illinois
|
+$10.2M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$6.33M |
| 4 |
MWNA
Marshall Wace North America
New York
|
+$5.62M |
| 5 |
CA
Corrado Advisors
Ramsey,
New Jersey
|
+$3.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$22.8M |
| 2 |
AM
Appaloosa Management
Miami Beach,
Florida
|
-$15.9M |
| 3 |
ClearBridge Investments
New York
|
-$12.6M |
| 4 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
-$6.88M |
| 5 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$6.1M |
CLMT Hedge Fund Activity: Q3 2013 in Review
114 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Calumet Specialty Products (CLMT) for Q3 2013, worth a combined $402M — down 29% from $568M a quarter earlier.
Fund positioning in CLMT was balanced in Q3 2013: 22 funds opened new positions, 22 closed out, 41 added to existing stakes and 31 trimmed.
The largest buyer was Edge Asset Management, adding an estimated $10.9M. The largest seller was Fidelity Investments, exiting entirely with an estimated $22.8M sold.
- 114 institutional investors held Calumet Specialty Products (CLMT) as of Q3 2013, down from 117 in Q2 2013.
- Funds reported $402M of Calumet Specialty Products stock for Q3 2013, down 29% quarter-over-quarter.
- 22 funds opened new Calumet Specialty Products positions in Q3 2013 and 22 closed out, a net change of 0 holders.
- The largest Calumet Specialty Products buyer in Q3 2013 was Edge Asset Management, an estimated $10.9M added.
- The largest Calumet Specialty Products seller in Q3 2013 was Fidelity Investments, an estimated $22.8M sold.
Based on aggregated 13F filings for Q3 2013.