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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
VI
201
Versor Investments
New York
$193K +$190K +11,100 New
PSP
202
Principal Street Partners
Tennessee
$193K +$190K +11,115 New
WAM
203
World Asset Management
Michigan
$189K +$12.5K +730 +7%
Balyasny Asset Management
204
Balyasny Asset Management
Illinois
$185K -$12.8M -746,022 -99%
II
205
Inspire Investing
Idaho
$183K +$180K +10,508 New
OAM
206
Oppenheimer Asset Management
New York
$166K +$5.29K +309 +3%
Zurich Cantonal Bank
207
Zurich Cantonal Bank
Switzerland
$163K – – –
RCAG
208
Rehmann Capital Advisory Group
Michigan
$156K +$9.24K +540 +6%
SG Americas Securities
209
SG Americas Securities
New York
$118K +$116K +6,781 New
NIT
210
NumerixS Investment Technologies
British Columbia, Canada
$108K +$106K +6,200 New
LIA
211
LS Investment Advisors
Michigan
$106K +$5.3K +310 +5%
HCM
212
Hilton Capital Management
New York
$100K +$18K +1,051 +22%
CAPTRUST Financial Advisors
213
CAPTRUST Financial Advisors
North Carolina
$69K -$64.6K -3,776 -49%
SIA
214
Sit Investment Associates
Minnesota
$69K – – –
PAM
215
Panagora Asset Management
Massachusetts
$62K – – –
QCG
216
Quadrant Capital Group
Ohio
$62K – – –
CFB
217
Cullen/Frost Bankers
Texas
$52K – – –
SO
218
STRS Ohio
Ohio
$33K +$32.5K +1,900 New
Rockefeller Capital Management
219
Rockefeller Capital Management
New York
$27K +$5.64K +330 +27%
AG
220
Advisor Group
Arizona
$20K +$10.4K +608 +109%
SPIA
221
Steward Partners Investment Advisory
New York
$20K +$17.1K +1,000 +485%
IRC
222
Investors Research Corp
Georgia
$17K – – –
GRP
223
Global Retirement Partners
California
$17K +$924 +54 +6%
TRCT
224
Tower Research Capital (TRC)
New York
$14K -$5.35K -313 -28%
HIIFS
225
Harel Insurance Investments & Financial Services
Israel
$12K +$12.1K +706 New
7 8
9
10 11

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.