Core & Main
362 hedge funds and large institutions have $8.48B 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.
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)
32% more capital invested
Capital invested by funds: $6.42B → $8.48B (+$2.06B)
13.33% less ownership
Funds ownership: 128.47% → 115.14% (-13%)
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$245M |
| 2 |
Select Equity Group
New York
|
+$152M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$133M |
| 4 |
State Street
Boston,
Massachusetts
|
+$79.3M |
| 5 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$76.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CDR
Clayton Dubilier & Rice
New York
|
-$1.67B |
| 2 |
Norges Bank
Oslo,
Norway
|
-$66.9M |
| 3 |
RS
Robeco Schweiz
Zurich,
Switzerland
|
-$46.5M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$40.3M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$33.9M |
CNM Hedge Fund Activity: Q4 2023 in Review
362 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Core & Main (CNM) for Q4 2023, worth a combined $8.48B — up 32% 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 $8.48B of Core & Main stock for Q4 2023, up 32% 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.