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Clearwater Paper
CLW

139 hedge funds and large institutions have $980M invested in Clearwater Paper in 2013 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 45 increasing their positions, 56 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

49% more call options, than puts

Call options by funds: $641K | Put options by funds: $430K

10% more capital invested

Capital invested by funds: $888M → $980M (+$92M)

3.77% more ownership

Funds ownership: 84.51% → 88.27% (+3.8%)

3% less funds holding

Funds holding: 143 → 139 (-4)

18% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 22

20% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 56

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
139
Holders Change
-4
Holders Change %
-2.8%
% of All Funds
4.03%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.12%
New
18
Increased
45
Reduced
56
Closed
22
Calls
$641K
Puts
$430K
Net Calls
+$211K
Net Calls Change
+$236K

Top Buyers

1
ACM
Archer Capital Management
New York
+$19.6M
2
GC
GW Capital
Washington
+$11.4M
3
Ameriprise
Ameriprise
Minnesota
+$7.79M
4
MSA
Mason Street Advisors
Wisconsin
+$4.53M
5
KAM
Keeley Asset Management
Illinois
+$3.74M

Top Sellers

1
RA
Royce & Associates
New York
-$28.5M
2
KCM
Knighthead Capital Management
New York
-$22.9M
3
ACM
Altai Capital Management
California
-$14.5M
4
CM
Castleark Management
Illinois
-$7.21M
5
PAAMCP
Pacific Alternative Asset Management Company (PAAMCO)
California
-$5.69M
Name Holding Trade Value Shares
Change 		Change in
Stake
Canada Life
126
Canada Life
Manitoba, Canada
$59K +$57.3K +1,120 New
Teacher Retirement System of Texas
127
Teacher Retirement System of Texas
Texas
$39K -$94.8K -1,851 -71%
LTFS
128
Ladenburg Thalmann Financial Services
Florida
$39K – – –
BlackRock
129
BlackRock
New York
$38K -$1.59K -31 -4%
PCM
130
Prelude Capital Management
New York
$37K +$35.8K +700 New
PNC Financial Services Group
131
PNC Financial Services Group
Pennsylvania
$21K – – –
RA
132
Rational Advisors
New York
$17K -$1.13K -22 -6%
BNP Paribas Financial Markets
133
BNP Paribas Financial Markets
France
$15.1K -$295K -5,763 -95%
Creative Planning
134
Creative Planning
Kansas
$15K – – –
DSC
135
Duncker Streett & Co
Missouri
$13K – – –
ST
136
Smithfield Trust
Pennsylvania
$10K – – –
DADC
137
D.A. Davidson & Co
Montana
$3K – – –
Manulife (Manufacturers Life Insurance)
138
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$888 +$37.7K +737 +5%
RA
139
Royce & Associates
New York
– -$28.5M -596,021 Closed
KCM
140
Knighthead Capital Management
New York
– -$22.9M -480,437 Closed
ACM
141
Altai Capital Management
California
– -$14.5M -303,896 Closed
CM
142
Castleark Management
Illinois
– -$7.21M -119,959 Closed
PAAMCP
143
Pacific Alternative Asset Management Company (PAAMCO)
California
– -$5.69M -119,200 Closed
WCM
144
Washington Capital Management
Washington
– -$4.24M -88,741 Closed
LSV Asset Management
145
LSV Asset Management
Illinois
– -$2.39M -50,100 Closed
PI
146
Putnam Investments
Massachusetts
– -$2.37M -49,600 Closed
MWNA
147
Marshall Wace North America
New York
– -$2.11M -44,239 Closed
CAM
148
ClariVest Asset Management
California
– -$1.23M -25,649 Closed
LG
149
Leuthold Group
Minnesota
– -$1.04M -21,823 Closed
DCM
150
Dialectic Capital Management
Connecticut
– -$711K -14,873 Closed
3 4 5
6
7

CLW Hedge Fund Activity: Q4 2013 in Review

139 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Clearwater Paper (CLW) for Q4 2013, worth a combined $980M — up 10% from $888M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of CLW and 18 opened new positions — a net loss of 4 holders — while 56 trimmed existing stakes and 45 added.

The largest buyer was Archer Capital Management, opening a new position worth an estimated $19.6M. The largest seller was Royce & Associates, exiting entirely with an estimated $28.5M sold.

  • 139 institutional investors held Clearwater Paper (CLW) as of Q4 2013, down from 143 in Q3 2013.
  • Funds reported $980M of Clearwater Paper stock for Q4 2013, up 10% quarter-over-quarter.
  • 18 funds opened new Clearwater Paper positions in Q4 2013 and 22 closed out, a net change of -4 holders.
  • The largest Clearwater Paper buyer in Q4 2013 was Archer Capital Management, an estimated $19.6M added.
  • The largest Clearwater Paper seller in Q4 2013 was Royce & Associates, an estimated $28.5M sold.

Based on aggregated 13F filings for Q4 2013.