Commercial Metals
CMC
251 hedge funds and large institutions have $1.67B invested in Commercial Metals in 2020 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 86 increasing their positions, 84 reducing their positions, and 55 closing their positions.
131% more call options, than puts
Call options by funds: $2.78M | Put options by funds: $1.2M
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
1.15% more ownership
Funds ownership: 88.09% → 89.23% (+1.1%)
2% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 84
5% less funds holding
Funds holding: 264 → 251 (-13)
18% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 55
28% less capital invested
Capital invested by funds: $2.33B → $1.67B (-$653M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$44.3M |
| 2 |
JP Morgan Chase
New York
|
+$27.8M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$18.2M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$14.5M |
| 5 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$9.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$20.1M |
| 2 |
Janus Henderson Group
London,
|
-$16.6M |
| 3 |
Man Group
London,
United Kingdom
|
-$11M |
| 4 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
-$9.17M |
| 5 |
Morgan Stanley
New York
|
-$8.45M |
CMC Hedge Fund Activity: Q1 2020 in Review
251 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Commercial Metals (CMC) for Q1 2020, worth a combined $1.67B — down 28% from $2.33B a quarter earlier.
Sellers outnumbered buyers: 55 funds closed out of CMC and 45 opened new positions — a net loss of 10 holders — while 84 trimmed existing stakes and 86 added.
The largest buyer was AQR Capital Management, adding an estimated $44.3M. The largest seller was Citadel Advisors, cutting an estimated $20.1M.
- 251 institutional investors held Commercial Metals (CMC) as of Q1 2020, down from 264 in Q4 2019.
- Funds reported $1.67B of Commercial Metals stock for Q1 2020, down 28% quarter-over-quarter.
- 45 funds opened new Commercial Metals positions in Q1 2020 and 55 closed out, a net change of -10 holders.
- The largest Commercial Metals buyer in Q1 2020 was AQR Capital Management, an estimated $44.3M added.
- The largest Commercial Metals seller in Q1 2020 was Citadel Advisors, an estimated $20.1M sold.
Based on aggregated 13F filings for Q1 2020.