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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
Retirement Systems of Alabama
76
Retirement Systems of Alabama
Alabama
$2.66M -$1.54K -90 -0.1%
GC
77
Guggenheim Capital
Illinois
$2.53M +$1.9M +110,906 +319%
Envestnet Asset Management
78
Envestnet Asset Management
Illinois
$2.45M +$61.2K +3,580 +3%
DIA
79
Dean Investment Associates
Ohio
$2.38M -$368K -21,510 -14%
UCFA
80
United Capital Financial Advisors
Texas
$2.38M +$16.2K +949 +0.7%
Man Group
81
Man Group
United Kingdom
$2.29M +$566K +33,090 +34%
State of New Jersey Common Pension Fund D
82
State of New Jersey Common Pension Fund D
New Jersey
$2.25M +$2.22M +129,700 New
UBS AM
83
UBS AM
Illinois
$2.25M -$1.76K -103 -0.1%
First Trust Advisors
84
First Trust Advisors
Illinois
$2.18M +$195K +11,418 +10%
QI
85
QS Investors
New York
$2.17M – – –
MIM
86
MetLife Investment Management
New Jersey
$2.1M -$21.8K -1,276 -1%
LOAMU
87
Lombard Odier Asset Management (USA)
New York
$2.09M +$2.05M +120,000 New
ACM
88
AlphaCrest Capital Management
New York
$2.02M +$1.98M +115,938 New
MOACM
89
Mutual of America Capital Management
New York
$1.83M +$24.6K +1,440 +1%
Susquehanna International Group
90
Susquehanna International Group
Pennsylvania
$1.81M -$1.47M -85,663 -45%
QC
91
Quadrature Capital
United Kingdom
$1.74M +$1.72M +100,297 New
Deutsche Bank
92
Deutsche Bank
Germany
$1.74M -$12.1M -705,239 -88%
Royal Bank of Canada
93
Royal Bank of Canada
Ontario, Canada
$1.73M -$58.7K -3,432 -3%
SEC
94
Seven Eight Capital
New York
$1.69M +$503K +29,400 +43%
PCM
95
Penn Capital Management
Pennsylvania
$1.66M +$154K +9,028 +10%
SEI Investments
96
SEI Investments
Pennsylvania
$1.45M -$867K -50,679 -38%
VanEck Associates
97
VanEck Associates
New York
$1.45M -$126K -7,394 -8%
Federated Hermes
98
Federated Hermes
Pennsylvania
$1.43M +$380K +22,213 +37%
State Board of Administration of Florida Retirement System
99
State Board of Administration of Florida Retirement System
Florida
$1.4M -$168K -9,836 -11%
TPSF
100
Texas Permanent School Fund
Texas
$1.4M +$4K +234 +0.3%
2 3
4
5 6

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.