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Core & Main
CNM

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
262
Holders Change
+40
Holders Change %
+18.02%
% of All Funds
4.16%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.08%
New
65
Increased
123
Reduced
57
Closed
24
Calls
$11M
Puts
$2.23M
Net Calls
+$8.8M
Net Calls Change
+$8.37M

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$82.1M
2
FMI
Fiduciary Management Inc
Wisconsin
+$63.8M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$36.7M
4
Handelsbanken Fonder
Handelsbanken Fonder
Sweden
+$29.3M
5
Two Sigma Advisers
Two Sigma Advisers
New York
+$27.6M

Top Sellers

Rank Fund Capital Flow
1
CDR
Clayton Dubilier & Rice
New York
-$710M
2
Jennison Associates
Jennison Associates
New York
-$28.9M
3
Norges Bank
Norges Bank
Norway
-$25.7M
4
DCM
Driehaus Capital Management
Illinois
-$25.3M
5
Victory Capital Management
Victory Capital Management
Texas
-$24.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
ECM
101
ExodusPoint Capital Management
New York
$3.4M -$125K -4,055 -3%
JF
102
Jump Financial
Illinois
$3.12M +$3.07M +99,538 +1,167%
Vontobel Holding
103
Vontobel Holding
Switzerland
$3.03M -$429K -13,903 -12%
CCMG
104
Clark Capital Management Group
Pennsylvania
$3.01M +$96.4K +3,124 +3%
RC
105
Roubaix Capital
Colorado
$2.89M -$729K -23,616 -19%
LI
106
LMCG Investments
Massachusetts
$2.85M +$719K +23,293 +31%
Jacobs Levy Equity Management
107
Jacobs Levy Equity Management
New Jersey
$2.77M +$2.96M +95,919 New
IP
108
Isthmus Partners
Wisconsin
$2.59M +$27.8K +902 +1%
CS
109
Credit Suisse
Switzerland
$2.55M +$193K +6,240 +8%
SC
110
Sculptor Capital
New York
$2.52M +$2.7M +87,500 New
N
111
Natixis
France
$2.39M +$2.55M +82,751 New
PI
112
PineBridge Investments
New York
$2.3M +$2.32M +75,187 +1,667%
Lazard Asset Management
113
Lazard Asset Management
New York
$2.27M +$2.19M +70,845 +897%
Thrivent Financial for Lutherans
114
Thrivent Financial for Lutherans
Minnesota
$2.24M +$15K +487 +0.6%
EOJOAM
115
E. Ohman J:or Asset Management
Sweden
$2.24M – – –
GCP
116
GSA Capital Partners
United Kingdom
$2.18M +$577K +18,700 +33%
State of New Jersey Common Pension Fund D
117
State of New Jersey Common Pension Fund D
New Jersey
$2.18M -$430K -13,934 -16%
DekaBank Deutsche Girozentrale
118
DekaBank Deutsche Girozentrale
Germany
$2.17M +$81.2K +2,631 +4%
CP
119
CenterBook Partners
Connecticut
$2.09M +$1.44M +46,689 +182%
Marshall Wace
120
Marshall Wace
United Kingdom
$2.01M +$2.15M +69,777 New
New York State Common Retirement Fund
121
New York State Common Retirement Fund
New York
$1.98M -$409K -13,245 -16%
Jane Street
122
Jane Street
New York
$1.95M +$1.67M +54,252 +411%
BHCM
123
Boulder Hill Capital Management
New York
$1.94M +$2.08M +67,300 New
Squarepoint
124
Squarepoint
New York
$1.8M -$1.13M -36,491 -37%
GAM
125
Gotham Asset Management
New York
$1.8M +$1.41M +45,578 +270%
3 4
5
6 7

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.