Core & Main
169 hedge funds and large institutions have $5.4B invested in Core & Main in 2022 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 77 increasing their positions, 32 reducing their positions, and 13 closing their positions.
262% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 13
172% more call options, than puts
Call options by funds: $1.18M | Put options by funds: $434K
141% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 32
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
25% more funds holding
Funds holding: 135 → 169 (+34)
2% more capital invested
Capital invested by funds: $5.3B → $5.4B (+$91.5M)
2.38% less ownership
Funds ownership: 141.6% → 139.22% (-2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$47.1M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$28.9M |
| 3 |
Janus Henderson Group
London,
|
+$28.4M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$22.2M |
| 5 |
Amundi
Paris,
France
|
+$18.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CDR
Clayton Dubilier & Rice
New York
|
-$257M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
-$5.33M |
| 3 |
Jennison Associates
New York
|
-$3.2M |
| 4 |
Natixis Advisors
Boston,
Massachusetts
|
-$2.34M |
| 5 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$2.17M |
CNM Hedge Fund Activity: Q3 2022 in Review
169 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Core & Main (CNM) for Q3 2022, worth a combined $5.4B — up 1.7% from $5.3B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new CNM positions and 13 closed out — a net gain of 34 holders — while 77 added to existing stakes and 32 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $47.1M. The largest seller was Clayton Dubilier & Rice, cutting an estimated $257M.
- 169 institutional investors held Core & Main (CNM) as of Q3 2022, up from 135 in Q2 2022.
- Funds reported $5.4B of Core & Main stock for Q3 2022, up 1.7% quarter-over-quarter.
- 47 funds opened new Core & Main positions in Q3 2022 and 13 closed out, a net change of +34 holders.
- The largest Core & Main buyer in Q3 2022 was Manulife (Manufacturers Life Insurance), an estimated $47.1M added.
- The largest Core & Main seller in Q3 2022 was Clayton Dubilier & Rice, an estimated $257M sold.
Based on aggregated 13F filings for Q3 2022.