Commercial Metals
217 hedge funds and large institutions have $1.85B invested in Commercial Metals in 2019 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 82 increasing their positions, 66 reducing their positions, and 53 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
24% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 66
10% more capital invested
Capital invested by funds: $1.68B → $1.85B (+$172M)
2.88% more ownership
Funds ownership: 89.03% → 91.91% (+2.9%)
9% less funds holding
Funds holding: 238 → 217 (-21)
11% less call options, than puts
Call options by funds: $2.23M | Put options by funds: $2.51M
38% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 53
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LM
Luminus Management
Houston,
Texas
|
+$56.6M |
| 2 |
Citigroup
New York
|
+$17.9M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$14.4M |
| 4 |
ClearBridge Investments
New York
|
+$14M |
| 5 |
HCM
Highline Capital Management
New York
|
+$13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential Financial
Newark,
New Jersey
|
-$26.9M |
| 2 |
Goldman Sachs
New York
|
-$15.5M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$12.7M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$9.73M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$5.39M |
CMC Hedge Fund Activity: Q1 2019 in Review
217 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Commercial Metals (CMC) for Q1 2019, worth a combined $1.85B — up 10% from $1.68B a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of CMC and 33 opened new positions — a net loss of 20 holders — while 66 trimmed existing stakes and 82 added.
The largest buyer was Luminus Management, adding an estimated $56.6M. The largest seller was Prudential Financial, cutting an estimated $26.9M.
- 217 institutional investors held Commercial Metals (CMC) as of Q1 2019, down from 238 in Q4 2018.
- Funds reported $1.85B of Commercial Metals stock for Q1 2019, up 10% quarter-over-quarter.
- 33 funds opened new Commercial Metals positions in Q1 2019 and 53 closed out, a net change of -20 holders.
- The largest Commercial Metals buyer in Q1 2019 was Luminus Management, an estimated $56.6M added.
- The largest Commercial Metals seller in Q1 2019 was Prudential Financial, an estimated $26.9M sold.
Based on aggregated 13F filings for Q1 2019.