Core & Main
419 hedge funds and large institutions have $9.75B invested in Core & Main in 2024 Q2 according to their latest regulatory filings, with 64 funds opening new positions, 161 increasing their positions, 150 reducing their positions, and 65 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 161 | Existing positions reduced: 150
2% more call options, than puts
Call options by funds: $56.7M | Put options by funds: $55.4M
0.44% less ownership
Funds ownership: 103.72% → 103.27% (-0.44%)
2% less first-time investments, than exits
New positions opened: 64 | Existing positions closed: 65
2% less funds holding
Funds holding: 428 → 419 (-9)
15% less capital invested
Capital invested by funds: $11.4B → $9.75B (-$1.66B)
20% less funds holding in top 10
Funds holding in top 10: 15 → 12 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$134M |
| 2 |
SP
SurgoCap Partners
New York
|
+$115M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$93.1M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$90.5M |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
+$64.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$105M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$80M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$78.5M |
| 4 |
Morgan Stanley
New York
|
-$53.5M |
| 5 |
Two Sigma Investments
New York
|
-$47.6M |
CNM Hedge Fund Activity: Q2 2024 in Review
419 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Core & Main (CNM) for Q2 2024, worth a combined $9.75B — down 15% from $11.4B a quarter earlier.
Sellers outnumbered buyers: 65 funds closed out of CNM and 64 opened new positions — a net loss of 1 holder — while 150 trimmed existing stakes and 161 added.
The largest buyer was BlackRock, adding an estimated $134M. The largest seller was Ameriprise, cutting an estimated $105M.
- 419 institutional investors held Core & Main (CNM) as of Q2 2024, down from 428 in Q1 2024.
- Funds reported $9.75B of Core & Main stock for Q2 2024, down 15% quarter-over-quarter.
- 64 funds opened new Core & Main positions in Q2 2024 and 65 closed out, a net change of -1 holder.
- The largest Core & Main buyer in Q2 2024 was BlackRock, an estimated $134M added.
- The largest Core & Main seller in Q2 2024 was Ameriprise, an estimated $105M sold.
Based on aggregated 13F filings for Q2 2024.