Core & Main
262 hedge funds and large institutions have $6.42B invested in Core & Main in 2023 Q3 according to their latest regulatory filings, with 65 funds opening new positions, 123 increasing their positions, 57 reducing their positions, and 24 closing their positions.
395% more call options, than puts
Call options by funds: $11M | Put options by funds: $2.23M
171% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 24
116% more repeat investments, than reductions
Existing positions increased: 123 | Existing positions reduced: 57
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
18% more funds holding
Funds holding: 222 → 262 (+40)
6.61% less ownership
Funds ownership: 135.09% → 128.47% (-6.6%)
9% less capital invested
Capital invested by funds: $7.03B → $6.42B (-$611M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$82.1M |
| 2 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
+$63.8M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$36.7M |
| 4 |
Handelsbanken Fonder
Stockholm,
Sweden
|
+$29.3M |
| 5 |
Two Sigma Advisers
New York
|
+$27.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CDR
Clayton Dubilier & Rice
New York
|
-$710M |
| 2 |
Jennison Associates
New York
|
-$28.9M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$25.7M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$25.3M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$24.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FRM
276
Fox Run Management
Greenwich,
Connecticut
| – | -$377K | -12,020 | Closed |
|
|
PI
277
PEAK6 Investments
Chicago,
Illinois
| – | -$324K | -10,352 | Closed |
|
|
PTC
278
Petrus Trust Company
Dallas,
Texas
| – | -$315K | -10,039 | Closed |
|
|
SEC
279
Seven Eight Capital
New York
| – | -$283K | -9,018 | Closed |
|
|
B
280
Bailard
Foster City,
California
| – | -$232K | -7,400 | Closed |
|
281
LPL Financial
San Diego,
California
| – | -$218K | -6,948 | Closed |
|
282
Capstone Investment Advisors
New York
| – | -$208K | -6,621 | Closed |
|
283
Holocene Advisors
New York
| – | -$207K | -6,605 | Closed |
|
|
PCM
284
Penserra Capital Management
Orinda,
California
| – | -$31K | -1,008 | Closed |
|
285
Loomis, Sayles & Company
Boston,
Massachusetts
| – | -$10K | -306 | Closed |
|
|
DI
286
Disciplined Investments
Tulsa,
Oklahoma
| – | -$407 | -13 | Closed |
|
CNM Hedge Fund Activity: Q3 2023 in Review
262 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Core & Main (CNM) for Q3 2023, worth a combined $6.42B — down 8.7% from $7.03B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new CNM positions and 24 closed out — a net gain of 41 holders — while 123 added to existing stakes and 57 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $82.1M. The largest seller was Clayton Dubilier & Rice, cutting an estimated $710M.
- 262 institutional investors held Core & Main (CNM) as of Q3 2023, up from 222 in Q2 2023.
- Funds reported $6.42B of Core & Main stock for Q3 2023, down 8.7% quarter-over-quarter.
- 65 funds opened new Core & Main positions in Q3 2023 and 24 closed out, a net change of +41 holders.
- The largest Core & Main buyer in Q3 2023 was Fidelity Investments, an estimated $82.1M added.
- The largest Core & Main seller in Q3 2023 was Clayton Dubilier & Rice, an estimated $710M sold.
Based on aggregated 13F filings for Q3 2023.