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Core & Main
CNM

362 hedge funds and large institutions have $8.65B invested in Core & Main in 2023 Q4 according to their latest regulatory filings, with 129 funds opening new positions, 130 increasing their positions, 85 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

361% more first-time investments, than exits

New positions opened: 129 | Existing positions closed: 28

53% more repeat investments, than reductions

Existing positions increased: 130 | Existing positions reduced: 85

38% more funds holding

Funds holding: 262 → 362 (+100)

35% more capital invested

Capital invested by funds: $6.42B → $8.65B (+$2.23B)

10.96% less ownership

Funds ownership: 128.47% → 117.51% (-11%)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

93% less call options, than puts

Call options by funds: $6.67M | Put options by funds: $89.8M

Holders
362
Holders Change
+100
Holders Change %
+38.17%
% of All Funds
5.28%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.06%
New
129
Increased
130
Reduced
85
Closed
28
Calls
$6.67M
Puts
$89.8M
Net Calls
-$83.2M
Net Calls Change
-$92M

Top Buyers

1
BlackRock
BlackRock
New York
+$245M
2
Select Equity Group
Select Equity Group
New York
+$152M
3
Morgan Stanley
Morgan Stanley
New York
+$150M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$133M
5
State Street
State Street
Massachusetts
+$79.3M

Top Sellers

1
CDR
Clayton Dubilier & Rice
New York
-$1.67B
2
Norges Bank
Norges Bank
Norway
-$66.9M
3
RS
Robeco Schweiz
Switzerland
-$46.5M
4
Citadel Advisors
Citadel Advisors
Florida
-$40.3M
5
Victory Capital Management
Victory Capital Management
Texas
-$33.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
EOJOAM
151
E. Ohman J:or Asset Management
Sweden
$2.75M -$319K -9,428 -12%
SAA
152
Southeast Asset Advisors
Georgia
$2.75M +$542K +16,004 +31%
Citadel Advisors
153
Citadel Advisors
Florida
$2.68M -$40.3M -1,190,737 -95%
QC
154
Quadrature Capital
United Kingdom
$2.43M +$2.04M +60,168 New
Treasurer of the State of North Carolina
155
Treasurer of the State of North Carolina
North Carolina
$2.4M +$409K +12,080 +26%
Man Group
156
Man Group
United Kingdom
$2.38M +$2M +58,950 New
YCM
157
Yousif Capital Management
Michigan
$2.35M +$1.97M +58,063 New
Lazard Asset Management
158
Lazard Asset Management
New York
$2.35M -$699K -20,653 -26%
ZIM
159
Zacks Investment Management
Illinois
$2.32M +$1.94M +57,367 New
AAIS
160
ABN AMRO Investment Solutions
$2.2M -$39.5K -1,168 -2%
N
161
Natixis
France
$2.11M -$1.03M -30,517 -37%
Comerica Bank
162
Comerica Bank
Texas
$2.09M +$1.69M +49,892 +2,692%
Envestnet Asset Management
163
Envestnet Asset Management
Illinois
$1.97M +$571K +16,884 +53%
BFM
164
Boothbay Fund Management
New York
$1.92M +$1.1M +32,650 +221%
CI Investments Inc
165
CI Investments Inc
Ontario, Canada
$1.9M +$1.41M +41,610 +770%
Deutsche Bank
166
Deutsche Bank
Germany
$1.86M +$181K +5,359 +13%
New York State Teachers Retirement System (NYSTRS)
167
New York State Teachers Retirement System (NYSTRS)
New York
$1.8M +$1.51M +44,670 New
Aviva
168
Aviva
United Kingdom
$1.79M -$566K -16,738 -27%
CAPTRUST Financial Advisors
169
CAPTRUST Financial Advisors
North Carolina
$1.73M +$4.67K +138 +0.3%
AG
170
Algert Global
California
$1.7M +$1.42M +41,970 New
SG Americas Securities
171
SG Americas Securities
New York
$1.7M +$697K +20,591 +96%
SO
172
STRS Ohio
Ohio
$1.68M -$700K -20,683 -33%
American Century Companies
173
American Century Companies
Missouri
$1.67M +$1.4M +41,350 New
IMRF
174
Illinois Municipal Retirement Fund
Illinois
$1.65M – – –
ECM
175
ExodusPoint Capital Management
New York
$1.65M -$2.61M -77,208 -65%
5 6
7
8 9

CNM Hedge Fund Activity: Q4 2023 in Review

362 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Core & Main (CNM) for Q4 2023, worth a combined $8.65B — up 35% from $6.42B a quarter earlier.

Buyers outnumbered sellers: 129 funds opened new CNM positions and 28 closed out — a net gain of 101 holders — while 130 added to existing stakes and 85 trimmed.

The largest buyer was BlackRock, adding an estimated $245M. The largest seller was Clayton Dubilier & Rice, cutting an estimated $1.67B.

  • 362 institutional investors held Core & Main (CNM) as of Q4 2023, up from 262 in Q3 2023.
  • Funds reported $8.65B of Core & Main stock for Q4 2023, up 35% quarter-over-quarter.
  • 129 funds opened new Core & Main positions in Q4 2023 and 28 closed out, a net change of +101 holders.
  • The largest Core & Main buyer in Q4 2023 was BlackRock, an estimated $245M added.
  • The largest Core & Main seller in Q4 2023 was Clayton Dubilier & Rice, an estimated $1.67B sold.

Based on aggregated 13F filings for Q4 2023.