Commercial Metals
422 hedge funds and large institutions have $5.85B invested in Commercial Metals in 2024 Q1 according to their latest regulatory filings, with 51 funds opening new positions, 116 increasing their positions, 191 reducing their positions, and 57 closing their positions.
36% more call options, than puts
Call options by funds: $40.1M | Put options by funds: $29.6M
16% more capital invested
Capital invested by funds: $5.04B → $5.85B (+$809M)
0.03% more ownership
Funds ownership: 86.16% → 86.18% (+0.03%)
2% less funds holding
Funds holding: 432 → 422 (-10)
11% less first-time investments, than exits
New positions opened: 51 | Existing positions closed: 57
39% less repeat investments, than reductions
Existing positions increased: 116 | Existing positions reduced: 191
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
+$162M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$79.4M |
| 3 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$31.1M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$24.3M |
| 5 |
ECM
ExodusPoint Capital Management
New York
|
+$23.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
-$75.7M |
| 2 |
BlackRock
New York
|
-$58.3M |
| 3 |
Millennium Management
New York
|
-$24.7M |
| 4 |
Morgan Stanley
New York
|
-$24M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$23.9M |
CMC Hedge Fund Activity: Q1 2024 in Review
422 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Commercial Metals (CMC) for Q1 2024, worth a combined $5.85B — up 16% from $5.04B a quarter earlier.
Sellers outnumbered buyers: 57 funds closed out of CMC and 51 opened new positions — a net loss of 6 holders — while 191 trimmed existing stakes and 116 added.
The largest buyer was Boston Partners, adding an estimated $162M. The largest seller was W.R. Berkley Corp, cutting an estimated $75.7M.
- 422 institutional investors held Commercial Metals (CMC) as of Q1 2024, down from 432 in Q4 2023.
- Funds reported $5.85B of Commercial Metals stock for Q1 2024, up 16% quarter-over-quarter.
- 51 funds opened new Commercial Metals positions in Q1 2024 and 57 closed out, a net change of -6 holders.
- The largest Commercial Metals buyer in Q1 2024 was Boston Partners, an estimated $162M added.
- The largest Commercial Metals seller in Q1 2024 was W.R. Berkley Corp, an estimated $75.7M sold.
Based on aggregated 13F filings for Q1 2024.