Commercial Metals
430 hedge funds and large institutions have $5.21B invested in Commercial Metals in 2023 Q2 according to their latest regulatory filings, with 63 funds opening new positions, 130 increasing their positions, 171 reducing their positions, and 40 closing their positions.
115% more call options, than puts
Call options by funds: $36.4M | Put options by funds: $16.9M
58% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 40
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
8% more capital invested
Capital invested by funds: $4.84B → $5.21B (+$371M)
5% more funds holding
Funds holding: 408 → 430 (+22)
0.19% less ownership
Funds ownership: 84.79% → 84.6% (-0.19%)
24% less repeat investments, than reductions
Existing positions increased: 130 | Existing positions reduced: 171
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$26.5M |
| 2 |
D.E. Shaw & Co
New York
|
+$15.4M |
| 3 |
Man Group
London,
United Kingdom
|
+$12.9M |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$12.3M |
| 5 |
Nuveen
Charlotte,
North Carolina
|
+$9.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Fairholme Capital Management
South Miami,
Florida
|
-$53.4M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$28.3M |
| 3 |
State Street
Boston,
Massachusetts
|
-$18.5M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$13.1M |
| 5 |
PFM
Premier Fund Managers
Guildford,
United Kingdom
|
-$10.7M |
CMC Hedge Fund Activity: Q2 2023 in Review
430 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Commercial Metals (CMC) for Q2 2023, worth a combined $5.21B — up 7.7% from $4.84B a quarter earlier.
Buyers outnumbered sellers: 63 funds opened new CMC positions and 40 closed out — a net gain of 23 holders — while 130 added to existing stakes and 171 trimmed.
The largest buyer was Millennium Management, adding an estimated $26.5M. The largest seller was Fairholme Capital Management, cutting an estimated $53.4M.
- 430 institutional investors held Commercial Metals (CMC) as of Q2 2023, up from 408 in Q1 2023.
- Funds reported $5.21B of Commercial Metals stock for Q2 2023, up 7.7% quarter-over-quarter.
- 63 funds opened new Commercial Metals positions in Q2 2023 and 40 closed out, a net change of +23 holders.
- The largest Commercial Metals buyer in Q2 2023 was Millennium Management, an estimated $26.5M added.
- The largest Commercial Metals seller in Q2 2023 was Fairholme Capital Management, an estimated $53.4M sold.
Based on aggregated 13F filings for Q2 2023.