Commercial Metals
CMC
275 hedge funds and large institutions have $2.21B invested in Commercial Metals in 2020 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 102 increasing their positions, 97 reducing their positions, and 33 closing their positions.
33% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 33
7% more capital invested
Capital invested by funds: $2.06B → $2.21B (+$154M)
3.23% more ownership
Funds ownership: 86.53% → 89.76% (+3.2%)
3% more funds holding
Funds holding: 267 → 275 (+8)
5% more repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 97
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
27% less call options, than puts
Call options by funds: $4.16M | Put options by funds: $5.71M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$19.2M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$18.9M |
| 3 |
State Street
Boston,
Massachusetts
|
+$15.7M |
| 4 |
BlackRock
New York
|
+$15M |
| 5 |
Janus Henderson Group
London,
|
+$13.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$28.5M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$15.2M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$14.5M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$12.9M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$8.17M |
CMC Hedge Fund Activity: Q4 2020 in Review
275 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Commercial Metals (CMC) for Q4 2020, worth a combined $2.21B — up 7.5% from $2.06B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new CMC positions and 33 closed out — a net gain of 11 holders — while 102 added to existing stakes and 97 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $19.2M. The largest seller was Goldman Sachs, cutting an estimated $28.5M.
- 275 institutional investors held Commercial Metals (CMC) as of Q4 2020, up from 267 in Q3 2020.
- Funds reported $2.21B of Commercial Metals stock for Q4 2020, up 7.5% quarter-over-quarter.
- 44 funds opened new Commercial Metals positions in Q4 2020 and 33 closed out, a net change of +11 holders.
- The largest Commercial Metals buyer in Q4 2020 was Fidelity Investments, an estimated $19.2M added.
- The largest Commercial Metals seller in Q4 2020 was Goldman Sachs, an estimated $28.5M sold.
Based on aggregated 13F filings for Q4 2020.