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Commercial Metals
CMC

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
248
Holders Change
+19
Holders Change %
+8.3%
% of All Funds
5.44%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.13%
New
49
Increased
82
Reduced
84
Closed
30
Calls
$10.7M
Puts
$2.02M
Net Calls
+$8.65M
Net Calls Change
+$7.55M

Top Buyers

1
N
Nuveen
North Carolina
+$14.4M
2
Millennium Management
Millennium Management
New York
+$10.3M
3
JP Morgan Chase
JP Morgan Chase
New York
+$9.85M
4
Goldman Sachs
Goldman Sachs
New York
+$8.71M
5
BCM
Brightline Capital Management
Florida
+$8.55M

Top Sellers

1
HCM
Highline Capital Management
New York
-$37.3M
2
LM
Luminus Management
Texas
-$27.5M
3
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
-$22.9M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$18.6M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$12.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
ClearBridge Investments
26
ClearBridge Investments
New York
$16.3M -$1.34M -78,098 -8%
SFM
27
Systematic Financial Management
New Jersey
$16.3M -$874K -51,089 -5%
Charles Schwab
28
Charles Schwab
California
$15.6M +$471K +27,540 +3%
Ameriprise
29
Ameriprise
Minnesota
$14.7M +$1.93M +112,681 +15%
PCM
30
Palisade Capital Management
New Jersey
$14.4M +$940K +54,984 +7%
CS
31
Credit Suisse
Switzerland
$13.9M -$3.32M -194,076 -20%
Citigroup
32
Citigroup
New York
$12M -$10.8M -631,978 -48%
D.E. Shaw & Co
33
D.E. Shaw & Co
New York
$11.9M +$7.85M +459,217 +205%
Russell Investments Group
34
Russell Investments Group
United Kingdom
$11.5M +$2.42M +141,659 +27%
CVA
35
Ceredex Value Advisors
Florida
$11.1M -$328K -19,200 -3%
SAM
36
Scopus Asset Management
New York
$10.6M -$249K -14,534 -2%
Morgan Stanley
37
Morgan Stanley
New York
$10M +$5.58M +326,142 +130%
RA
38
Royce & Associates
New York
$9.43M -$2.76M -161,500 -23%
State of Wisconsin Investment Board
39
State of Wisconsin Investment Board
Wisconsin
$9.37M – – –
First Manhattan
40
First Manhattan
New York
$9.31M -$292K -17,087 -3%
Wells Fargo
41
Wells Fargo
California
$9.28M -$348K -20,335 -4%
SDIC
42
South Dakota Investment Council
South Dakota
$9.18M +$3.08M +179,826 +52%
Principal Financial Group
43
Principal Financial Group
Iowa
$8.71M -$159K -9,315 -2%
BCM
44
Brightline Capital Management
Florida
$8.69M +$8.55M +500,000 New
Invesco
45
Invesco
Georgia
$7.5M +$411K +24,035 +6%
RCAMU
46
Rothschild & Co Asset Management US
Connecticut
$7.36M -$5.25K -307 -0.1%
RhumbLine Advisers
47
RhumbLine Advisers
Massachusetts
$6.64M +$223K +13,041 +4%
Squarepoint
48
Squarepoint
New York
$6.61M -$2.21M -129,290 -25%
FDS
49
First Dallas Securities
Texas
$5.53M +$217K +12,705 +4%
MCM
50
Moore Capital Management
New York
$5.39M +$3.85M +225,000 +265%
1
2
3 4 5

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.