Core & Main
179 hedge funds and large institutions have $5.66B invested in Core & Main in 2023 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 77 increasing their positions, 51 reducing their positions, and 25 closing their positions.
2,181% more call options, than puts
Call options by funds: $4.22M | Put options by funds: $185K
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
60% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 25
51% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 51
25% more capital inflows, than outflows
Capital inflows: $293M | Capital outflows: $235M
8% more funds holding
Funds holding: 165 → 179 (+14)
1.1% more ownership
Funds ownership: 126.51% → 127.62% (+1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$41.1M |
| 2 |
Swedbank
Stockholm,
Sweden
|
+$25.8M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$22.2M |
| 4 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$21.6M |
| 5 |
AAM
ACK Asset Management
Greenwich,
Connecticut
|
+$18.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
-$75.6M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$30.6M |
| 3 |
Millennium Management
New York
|
-$24.1M |
| 4 |
CCPM
Cooper Creek Partners Management
New York
|
-$18.4M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
-$16.7M |
CNM Hedge Fund Activity: Q1 2023 in Review
179 of the 6,287 institutional investors tracked by Wall St. Rank reported a position in Core & Main (CNM) for Q1 2023, worth a combined $5.66B — up 21% from $4.7B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new CNM positions and 25 closed out — a net gain of 15 holders — while 77 added to existing stakes and 51 trimmed.
The largest buyer was Victory Capital Management, adding an estimated $41.1M. The largest seller was Select Equity Group, cutting an estimated $75.6M.
- 179 institutional investors held Core & Main (CNM) as of Q1 2023, up from 165 in Q4 2022.
- Funds reported $5.66B of Core & Main stock for Q1 2023, up 21% quarter-over-quarter.
- 40 funds opened new Core & Main positions in Q1 2023 and 25 closed out, a net change of +15 holders.
- The largest Core & Main buyer in Q1 2023 was Victory Capital Management, an estimated $41.1M added.
- The largest Core & Main seller in Q1 2023 was Select Equity Group, an estimated $75.6M sold.
Based on aggregated 13F filings for Q1 2023.