We are live on ! Find out more
CMC icon

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
ARTA
101
A.R.T. Advisors
New York
$1.38M +$729K +42,600 +117%
ASRS
102
Arizona State Retirement System
Arizona
$1.28M -$207K -12,091 -14%
MLICM
103
Metropolitan Life Insurance Company (MetLife)
New York
$1.19M +$633 +37 +0.1%
IA
104
IndexIQ Advisors
New York
$1.18M -$191K -11,149 -14%
CAM
105
Cubic Asset Management
Massachusetts
$1.17M -$13.9K -810 -1%
CAM
106
ClariVest Asset Management
California
$1.15M +$1.13M +66,354 New
Holocene Advisors
107
Holocene Advisors
New York
$1.15M +$229K +13,388 +25%
PP
108
Paloma Partners
Connecticut
$1.13M -$65.1K -3,806 -6%
Jennison Associates
109
Jennison Associates
New York
$1.13M +$1.11M +64,853 New
ZCA
110
Zeke Capital Advisors
Pennsylvania
$1.11M +$77.7K +4,543 +8%
CM
111
CoreCommodity Management
Connecticut
$1.1M +$6.26K +366 +0.6%
ZIG
112
Zurich Insurance Group
Switzerland
$1.1M – – –
BPM
113
Bowling Portfolio Management
Ohio
$1.1M +$1.08M +63,407 New
MSA
114
Mason Street Advisors
Wisconsin
$1.07M -$17.3K -1,012 -2%
CEP
115
Chicago Equity Partners
Illinois
$1.04M -$188K -11,000 -16%
SWP
116
Stratos Wealth Partners
Ohio
$996K – – –
CF
117
Centaurus Financial
California
$963K -$49.7K -2,906 -5%
VAM
118
Verity Asset Management
North Carolina
$947K -$33.6K -1,964 -3%
GH
119
GAM Holding
Switzerland
$927K +$913K +53,351 New
AG
120
Aperio Group
California
$919K +$8.42K +492 +0.9%
GCP
121
GSA Capital Partners
United Kingdom
$879K -$1.44M -84,331 -63%
FIM
122
Frontier Investment Management
Texas
$851K – – –
OPERF
123
Oregon Public Employees Retirement Fund
Oregon
$842K +$16K +933 +2%
QIM
124
Quantitative Investment Management
Virginia
$759K +$747K +43,672 New
RJA
125
Raymond James & Associates
Florida
$753K -$132K -7,731 -15%
3 4
5
6 7

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.