Commercial Metals
229 hedge funds and large institutions have $2.02B invested in Commercial Metals in 2019 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 90 increasing their positions, 66 reducing their positions, and 23 closing their positions.
70% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 23
44% more call options, than puts
Call options by funds: $3.62M | Put options by funds: $2.52M
36% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 66
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
9% more capital invested
Capital invested by funds: $1.85B → $2.02B (+$165M)
6% more funds holding
Funds holding: 217 → 229 (+12)
3.9% more ownership
Funds ownership: 91.91% → 95.81% (+3.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$21.6M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
+$19M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$12.8M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$12.4M |
| 5 |
SCM
Snow Capital Management
Sewickley,
Pennsylvania
|
+$12.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LM
Luminus Management
Houston,
Texas
|
-$41.8M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$8.65M |
| 3 |
Goldman Sachs
New York
|
-$8.59M |
| 4 |
Man Group
London,
United Kingdom
|
-$7.71M |
| 5 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
-$7.47M |
CMC Hedge Fund Activity: Q2 2019 in Review
229 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Commercial Metals (CMC) for Q2 2019, worth a combined $2.02B — up 8.9% from $1.85B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new CMC positions and 23 closed out — a net gain of 16 holders — while 90 added to existing stakes and 66 trimmed.
The largest buyer was Fuller & Thaler Asset Management, adding an estimated $21.6M. The largest seller was Luminus Management, cutting an estimated $41.8M.
- 229 institutional investors held Commercial Metals (CMC) as of Q2 2019, up from 217 in Q1 2019.
- Funds reported $2.02B of Commercial Metals stock for Q2 2019, up 8.9% quarter-over-quarter.
- 39 funds opened new Commercial Metals positions in Q2 2019 and 23 closed out, a net change of +16 holders.
- The largest Commercial Metals buyer in Q2 2019 was Fuller & Thaler Asset Management, an estimated $21.6M added.
- The largest Commercial Metals seller in Q2 2019 was Luminus Management, an estimated $41.8M sold.
Based on aggregated 13F filings for Q2 2019.