Core & Main
165 hedge funds and large institutions have $4.7B invested in Core & Main in 2022 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 76 increasing their positions, 45 reducing their positions, and 40 closing their positions.
69% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 45
1.79% more ownership
Funds ownership: 139.22% → 141.01% (+1.8%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 40
2% less funds holding
Funds holding: 169 → 165 (-4)
13% less capital invested
Capital invested by funds: $5.4B → $4.7B (-$701M)
15% less call options, than puts
Call options by funds: $90K | Put options by funds: $106K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$60.8M |
| 2 |
Amundi
Paris,
France
|
+$25.4M |
| 3 |
CCPM
Cooper Creek Partners Management
New York
|
+$20.4M |
| 4 |
BlackRock
New York
|
+$17.4M |
| 5 |
Millennium Management
New York
|
+$16.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
-$43.9M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$31.3M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$17.1M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$8.26M |
| 5 |
Blackstone Inc
New York
|
-$5.46M |
CNM Hedge Fund Activity: Q4 2022 in Review
165 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Core & Main (CNM) for Q4 2022, worth a combined $4.7B — down 13% from $5.4B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of CNM and 38 opened new positions — a net loss of 2 holders — while 45 trimmed existing stakes and 76 added.
The largest buyer was Morgan Stanley, adding an estimated $60.8M. The largest seller was Select Equity Group, cutting an estimated $43.9M.
- 165 institutional investors held Core & Main (CNM) as of Q4 2022, down from 169 in Q3 2022.
- Funds reported $4.7B of Core & Main stock for Q4 2022, down 13% quarter-over-quarter.
- 38 funds opened new Core & Main positions in Q4 2022 and 40 closed out, a net change of -2 holders.
- The largest Core & Main buyer in Q4 2022 was Morgan Stanley, an estimated $60.8M added.
- The largest Core & Main seller in Q4 2022 was Select Equity Group, an estimated $43.9M sold.
Based on aggregated 13F filings for Q4 2022.