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Commercial Metals
CMC

207 hedge funds and large institutions have $1.64B invested in Commercial Metals in 2014 Q4 according to their latest regulatory filings, with 36 funds opening new positions, 67 increasing their positions, 75 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more call options, than puts

Call options by funds: $875K | Put options by funds: $558K

20% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 30

1.3% more ownership

Funds ownership: 83.95% → 85.25% (+1.3%)

1% more funds holding

Funds holding: 205 → 207 (+2)

3% less capital invested

Capital invested by funds: $1.68B → $1.64B (-$43M)

11% less repeat investments, than reductions

Existing positions increased: 67 | Existing positions reduced: 75

Holders
207
Holders Change
+2
Holders Change %
+0.98%
% of All Funds
5.52%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
36
Increased
67
Reduced
75
Closed
30
Calls
$875K
Puts
$558K
Net Calls
+$317K
Net Calls Change
-$1.95M

Top Buyers

1
Comerica Bank
Comerica Bank
Texas
+$40.4M
2
VanEck Associates
VanEck Associates
New York
+$33.2M
3
KAM
Keeley Asset Management
Illinois
+$22.1M
4
JP Morgan Chase
JP Morgan Chase
New York
+$14.9M
5
Point72 Asset Management
Point72 Asset Management
Connecticut
+$9.19M

Top Sellers

1
Millennium Management
Millennium Management
New York
-$17.9M
2
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$17.1M
3
Goldman Sachs
Goldman Sachs
New York
-$15.7M
4
HCM
Hirzel Capital Management
Texas
-$15.6M
5
UOC
UBS O'Connor
Illinois
-$11.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$132M +$6.65M +410,978 +5%
BFA
2
BlackRock Fund Advisors
California
$124M +$7.93M +490,228 +7%
Vanguard Group
3
Vanguard Group
Pennsylvania
$119M +$2.09M +129,086 +2%
Allianz Asset Management
4
Allianz Asset Management
Germany
$95.8M +$1.01M +62,100 +1%
State Street
5
State Street
Massachusetts
$81M -$1.18M -73,166 -1%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$70.9M +$1.48M +91,647 +2%
VanEck Associates
7
VanEck Associates
New York
$69.4M +$33.2M +2,048,453 +93%
BIT
8
BlackRock Institutional Trust
California
$52.9M -$488K -30,147 -0.9%
RA
9
Royce & Associates
New York
$51.8M +$271K +16,763 +0.5%
HA
10
Heartland Advisors
Wisconsin
$43.3M -$33.5K -2,071 -0.1%
Bank of New York Mellon
11
Bank of New York Mellon
New York
$42.1M -$2.56M -157,917 -6%
Comerica Bank
12
Comerica Bank
Texas
$42.1M +$40.4M +2,495,826 +2,909%
VOYA Investment Management
13
VOYA Investment Management
Georgia
$41.5M +$2.04M +126,253 +5%
KAM
14
Keeley Asset Management
Illinois
$37.8M +$22.1M +1,367,020 +143%
Northern Trust
15
Northern Trust
Illinois
$35.6M -$3.39M -209,291 -9%
Fuller & Thaler Asset Management
16
Fuller & Thaler Asset Management
California
$31.8M +$6.95M +429,344 +28%
BTW
17
Boston Trust Walden
Massachusetts
$27.6M -$1.45M -89,500 -5%
JP Morgan Chase
18
JP Morgan Chase
New York
$25.1M +$14.9M +922,964 +149%
ACG
19
Anchorage Capital Group
New York
$24.5M – – –
AQR Capital Management
20
AQR Capital Management
Connecticut
$22.5M -$4.27M -264,129 -16%
Norges Bank
21
Norges Bank
Norway
$19.7M – – –
HCM
22
Hodges Capital Management
Texas
$17.2M -$3.5M -216,092 -17%
FMA
23
Fiduciary Management Associates
Illinois
$15.8M +$1.88M +116,420 +14%
BTS
24
BB&T Securities
Virginia
$13.8M +$1.38M +85,011 New
Morgan Stanley
25
Morgan Stanley
New York
$13.5M -$1.72M -106,200 -11%
1
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CMC Hedge Fund Activity: Q4 2014 in Review

207 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Commercial Metals (CMC) for Q4 2014, worth a combined $1.64B — down 2.6% from $1.68B a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new CMC positions and 30 closed out — a net gain of 6 holders — while 67 added to existing stakes and 75 trimmed.

The largest buyer was Comerica Bank, adding an estimated $40.4M. The largest seller was Millennium Management, cutting an estimated $17.9M.

  • 207 institutional investors held Commercial Metals (CMC) as of Q4 2014, up from 205 in Q3 2014.
  • Funds reported $1.64B of Commercial Metals stock for Q4 2014, down 2.6% quarter-over-quarter.
  • 36 funds opened new Commercial Metals positions in Q4 2014 and 30 closed out, a net change of +6 holders.
  • The largest Commercial Metals buyer in Q4 2014 was Comerica Bank, an estimated $40.4M added.
  • The largest Commercial Metals seller in Q4 2014 was Millennium Management, an estimated $17.9M sold.

Based on aggregated 13F filings for Q4 2014.