Core & Main
CNM
222 hedge funds and large institutions have $7.03B invested in Core & Main in 2023 Q2 according to their latest regulatory filings, with 64 funds opening new positions, 85 increasing their positions, 61 reducing their positions, and 20 closing their positions.
220% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 20
46% more call options, than puts
Call options by funds: $1.36M | Put options by funds: $932K
39% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 61
24% more capital invested
Capital invested by funds: $5.66B → $7.03B (+$1.36B)
24% more funds holding
Funds holding: 179 → 222 (+43)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
6.63% less ownership
Funds ownership: 141.72% → 135.09% (-6.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$139M |
| 2 |
SC
Samlyn Capital
New York
|
+$104M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$49.5M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$42.1M |
| 5 |
JP Morgan Chase
New York
|
+$33.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CDR
Clayton Dubilier & Rice
New York
|
-$1.04B |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
-$55.7M |
| 3 |
Select Equity Group
New York
|
-$28.6M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
-$25.4M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$20M |
CNM Hedge Fund Activity: Q2 2023 in Review
222 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Core & Main (CNM) for Q2 2023, worth a combined $7.03B — up 24% from $5.66B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new CNM positions and 20 closed out — a net gain of 44 holders — while 85 added to existing stakes and 61 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $139M. The largest seller was Clayton Dubilier & Rice, cutting an estimated $1.04B.
- 222 institutional investors held Core & Main (CNM) as of Q2 2023, up from 179 in Q1 2023.
- Funds reported $7.03B of Core & Main stock for Q2 2023, up 24% quarter-over-quarter.
- 64 funds opened new Core & Main positions in Q2 2023 and 20 closed out, a net change of +44 holders.
- The largest Core & Main buyer in Q2 2023 was Fidelity Investments, an estimated $139M added.
- The largest Core & Main seller in Q2 2023 was Clayton Dubilier & Rice, an estimated $1.04B sold.
Based on aggregated 13F filings for Q2 2023.