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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
AW
151
Alpha Windward
Massachusetts
$468K -$46.2K -2,700 -9%
SS
152
Sunbelt Securities
Texas
$458K +$451K +26,376 New
Stifel Financial
153
Stifel Financial
Missouri
$455K +$449K +26,268 New
QT
154
Quantbot Technologies
New York
$449K +$200K +11,680 +82%
TI
155
Trexquant Investment
Connecticut
$446K +$439K +25,674 New
Nisa Investment Advisors
156
Nisa Investment Advisors
Missouri
$438K -$77K -4,500 -15%
STMM
157
South Texas Money Management
Texas
$435K +$428K +25,000 New
GHCM
158
Glen Harbor Capital Management
California
$414K – – –
AIM
159
Alambic Investment Management
California
$412K +$405K +23,700 New
QSS
160
Quantitative Systematic Strategies
Florida
$387K +$144K +8,436 +61%
BNP Paribas Financial Markets
161
BNP Paribas Financial Markets
France
$386K +$171K +9,977 +82%
LNWWM
162
Laird Norton Wetherby Wealth Management
California
$383K +$378K +22,083 New
MERSOM
163
Municipal Employees' Retirement System of Michigan
Michigan
$376K -$2.05K -120 -0.6%
TRSOTSOK
164
Teachers Retirement System of the State of Kentucky
Kentucky
$372K – – –
XK
165
Xact Kapitalforvaltning
Sweden
$372K – – –
HF
166
HRT Financial
New York
$372K +$366K +21,424 New
SOADOR
167
State of Alaska Department of Revenue
Alaska
$364K +$359K +20,980 New
COPPSERS
168
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$361K -$291 -17 -0.1%
NMERB
169
New Mexico Educational Retirement Board
New Mexico
$353K – – –
CGH
170
Crossmark Global Holdings
Texas
$345K -$7.53K -440 -2%
MCIM
171
Meadow Creek Investment Management
Georgia
$341K – – –
AA
172
ALPS Advisors
Colorado
$336K +$331K +19,324 New
Public Employees Retirement Association of Colorado
173
Public Employees Retirement Association of Colorado
Colorado
$333K – – –
LWM
174
Lenox Wealth Management
Ohio
$324K +$547 +32 +0.2%
AB
175
Amalgamated Bank
New York
$317K -$6.95K -406 -2%
5 6
7
8 9

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.