Commercial Metals
239 hedge funds and large institutions have $2.22B invested in Commercial Metals in 2018 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 96 increasing their positions, 76 reducing their positions, and 32 closing their positions.
90% more call options, than puts
Call options by funds: $4.75M | Put options by funds: $2.5M
26% more repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 76
2% more capital invested
Capital invested by funds: $2.17B → $2.22B (+$48.6M)
0.82% less ownership
Funds ownership: 90.61% → 89.79% (-0.82%)
3% less funds holding
Funds holding: 246 → 239 (-7)
16% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 32
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$37.2M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$15.5M |
| 3 |
BlackRock
New York
|
+$8.79M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$8.46M |
| 5 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
+$8.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$38.7M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
-$25.1M |
| 3 |
TA
Teachers Advisors
New York
|
-$16.7M |
| 4 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$13M |
| 5 |
KHCM
Kettle Hill Capital Management
New York
|
-$10.2M |
CMC Hedge Fund Activity: Q2 2018 in Review
239 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Commercial Metals (CMC) for Q2 2018, worth a combined $2.22B — up 2.2% from $2.17B a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of CMC and 27 opened new positions — a net loss of 5 holders — while 76 trimmed existing stakes and 96 added.
The largest buyer was Fidelity Investments, adding an estimated $37.2M. The largest seller was Millennium Management, cutting an estimated $38.7M.
- 239 institutional investors held Commercial Metals (CMC) as of Q2 2018, down from 246 in Q1 2018.
- Funds reported $2.22B of Commercial Metals stock for Q2 2018, up 2.2% quarter-over-quarter.
- 27 funds opened new Commercial Metals positions in Q2 2018 and 32 closed out, a net change of -5 holders.
- The largest Commercial Metals buyer in Q2 2018 was Fidelity Investments, an estimated $37.2M added.
- The largest Commercial Metals seller in Q2 2018 was Millennium Management, an estimated $38.7M sold.
Based on aggregated 13F filings for Q2 2018.