Commercial Metals
248 hedge funds and large institutions have $1.89B invested in Commercial Metals in 2019 Q3 according to their latest regulatory filings, with 49 funds opening new positions, 82 increasing their positions, 84 reducing their positions, and 30 closing their positions.
428% more call options, than puts
Call options by funds: $10.7M | Put options by funds: $2.02M
63% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 30
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
8% more funds holding
Funds holding: 229 → 248 (+19)
2% less repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 84
3.79% less ownership
Funds ownership: 95.81% → 92.02% (-3.8%)
6% less capital invested
Capital invested by funds: $2.02B → $1.89B (-$130M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
+$14.4M |
| 2 |
Millennium Management
New York
|
+$10.3M |
| 3 |
JP Morgan Chase
New York
|
+$9.85M |
| 4 |
Goldman Sachs
New York
|
+$8.71M |
| 5 |
BCM
Brightline Capital Management
Miami,
Florida
|
+$8.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highline Capital Management
New York
|
-$37.3M |
| 2 |
LM
Luminus Management
Houston,
Texas
|
-$27.5M |
| 3 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$22.9M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$18.6M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$12.8M |
CMC Hedge Fund Activity: Q3 2019 in Review
248 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Commercial Metals (CMC) for Q3 2019, worth a combined $1.89B — down 6.5% from $2.02B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new CMC positions and 30 closed out — a net gain of 19 holders — while 82 added to existing stakes and 84 trimmed.
The largest buyer was Nuveen, adding an estimated $14.4M. The largest seller was Highline Capital Management, cutting an estimated $37.3M.
- 248 institutional investors held Commercial Metals (CMC) as of Q3 2019, up from 229 in Q2 2019.
- Funds reported $1.89B of Commercial Metals stock for Q3 2019, down 6.5% quarter-over-quarter.
- 49 funds opened new Commercial Metals positions in Q3 2019 and 30 closed out, a net change of +19 holders.
- The largest Commercial Metals buyer in Q3 2019 was Nuveen, an estimated $14.4M added.
- The largest Commercial Metals seller in Q3 2019 was Highline Capital Management, an estimated $37.3M sold.
Based on aggregated 13F filings for Q3 2019.