Commercial Metals
432 hedge funds and large institutions have $5.04B invested in Commercial Metals in 2023 Q4 according to their latest regulatory filings, with 56 funds opening new positions, 167 increasing their positions, 157 reducing their positions, and 74 closing their positions.
347% more call options, than puts
Call options by funds: $142M | Put options by funds: $31.7M
1.07% more ownership
Funds ownership: 85.08% → 86.16% (+1.1%)
6% more repeat investments, than reductions
Existing positions increased: 167 | Existing positions reduced: 157
2% more capital invested
Capital invested by funds: $4.92B → $5.04B (+$121M)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
5% less funds holding
Funds holding: 454 → 432 (-22)
24% less first-time investments, than exits
New positions opened: 56 | Existing positions closed: 74
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$58.3M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$51.5M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
+$31.4M |
| 4 |
Millennium Management
New York
|
+$25.4M |
| 5 |
State Street
Boston,
Massachusetts
|
+$23.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$48.2M |
| 2 |
SAM
Scopus Asset Management
New York
|
-$45.5M |
| 3 |
ZIG
Zurich Insurance Group
Zurich,
Switzerland
|
-$22.9M |
| 4 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$20.3M |
| 5 |
D.E. Shaw & Co
New York
|
-$17.6M |
CMC Hedge Fund Activity: Q4 2023 in Review
432 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Commercial Metals (CMC) for Q4 2023, worth a combined $5.04B — up 2.5% from $4.92B a quarter earlier.
Sellers outnumbered buyers: 74 funds closed out of CMC and 56 opened new positions — a net loss of 18 holders — while 157 trimmed existing stakes and 167 added.
The largest buyer was Victory Capital Management, adding an estimated $58.3M. The largest seller was Fidelity Investments, cutting an estimated $48.2M.
- 432 institutional investors held Commercial Metals (CMC) as of Q4 2023, down from 454 in Q3 2023.
- Funds reported $5.04B of Commercial Metals stock for Q4 2023, up 2.5% quarter-over-quarter.
- 56 funds opened new Commercial Metals positions in Q4 2023 and 74 closed out, a net change of -18 holders.
- The largest Commercial Metals buyer in Q4 2023 was Victory Capital Management, an estimated $58.3M added.
- The largest Commercial Metals seller in Q4 2023 was Fidelity Investments, an estimated $48.2M sold.
Based on aggregated 13F filings for Q4 2023.