Commercial Metals
408 hedge funds and large institutions have $4.84B invested in Commercial Metals in 2023 Q1 according to their latest regulatory filings, with 66 funds opening new positions, 141 increasing their positions, 159 reducing their positions, and 52 closing their positions.
71% more call options, than puts
Call options by funds: $34.4M | Put options by funds: $20.1M
27% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 52
9% more capital invested
Capital invested by funds: $4.45B → $4.84B (+$389M)
6.28% more ownership
Funds ownership: 78.51% → 84.79% (+6.3%)
2% more funds holding
Funds holding: 399 → 408 (+9)
11% less repeat investments, than reductions
Existing positions increased: 141 | Existing positions reduced: 159
56% less funds holding in top 10
Funds holding in top 10: 9 → 4 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$48M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$42.1M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$37M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$32.1M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$26.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$87.7M |
| 2 |
FCM
Fairholme Capital Management
South Miami,
Florida
|
-$49.5M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$43.7M |
| 4 |
SAM
Scopus Asset Management
New York
|
-$33.7M |
| 5 |
Janus Henderson Group
London,
|
-$20.6M |
CMC Hedge Fund Activity: Q1 2023 in Review
408 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Commercial Metals (CMC) for Q1 2023, worth a combined $4.84B — up 8.8% from $4.45B a quarter earlier.
Buyers outnumbered sellers: 66 funds opened new CMC positions and 52 closed out — a net gain of 14 holders — while 141 added to existing stakes and 159 trimmed.
The largest buyer was Invesco, adding an estimated $48M. The largest seller was Fidelity Investments, cutting an estimated $87.7M.
- 408 institutional investors held Commercial Metals (CMC) as of Q1 2023, up from 399 in Q4 2022.
- Funds reported $4.84B of Commercial Metals stock for Q1 2023, up 8.8% quarter-over-quarter.
- 66 funds opened new Commercial Metals positions in Q1 2023 and 52 closed out, a net change of +14 holders.
- The largest Commercial Metals buyer in Q1 2023 was Invesco, an estimated $48M added.
- The largest Commercial Metals seller in Q1 2023 was Fidelity Investments, an estimated $87.7M sold.
Based on aggregated 13F filings for Q1 2023.