Core & Main
CNM
429 hedge funds and large institutions have $11.4B invested in Core & Main in 2024 Q1 according to their latest regulatory filings, with 102 funds opening new positions, 176 increasing their positions, 125 reducing their positions, and 33 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 4 → 16 (+12)
209% more first-time investments, than exits
New positions opened: 102 | Existing positions closed: 33
41% more repeat investments, than reductions
Existing positions increased: 176 | Existing positions reduced: 125
32% more capital invested
Capital invested by funds: $8.65B → $11.4B (+$2.76B)
19% more funds holding
Funds holding: 362 → 429 (+67)
13.8% less ownership
Funds ownership: 117.51% → 103.72% (-14%)
71% less call options, than puts
Call options by funds: $82M | Put options by funds: $279M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$336M |
| 2 |
Select Equity Group
New York
|
+$285M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$216M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$192M |
| 5 |
ACM
Anomaly Capital Management
New York
|
+$122M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CDR
Clayton Dubilier & Rice
New York
|
-$2.01B |
| 2 |
Morgan Stanley
New York
|
-$201M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$115M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$66.5M |
| 5 |
Two Sigma Investments
New York
|
-$58.3M |
CNM Hedge Fund Activity: Q1 2024 in Review
429 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Core & Main (CNM) for Q1 2024, worth a combined $11.4B — up 32% from $8.65B a quarter earlier.
Buyers outnumbered sellers: 102 funds opened new CNM positions and 33 closed out — a net gain of 69 holders — while 176 added to existing stakes and 125 trimmed.
The largest buyer was BlackRock, adding an estimated $336M. The largest seller was Clayton Dubilier & Rice, exiting entirely with an estimated $2.01B sold.
- 429 institutional investors held Core & Main (CNM) as of Q1 2024, up from 362 in Q4 2023.
- Funds reported $11.4B of Core & Main stock for Q1 2024, up 32% quarter-over-quarter.
- 102 funds opened new Core & Main positions in Q1 2024 and 33 closed out, a net change of +69 holders.
- The largest Core & Main buyer in Q1 2024 was BlackRock, an estimated $336M added.
- The largest Core & Main seller in Q1 2024 was Clayton Dubilier & Rice, an estimated $2.01B sold.
Based on aggregated 13F filings for Q1 2024.