Core & Main
389 hedge funds and large institutions have $8.89B invested in Core & Main in 2024 Q3 according to their latest regulatory filings, with 54 funds opening new positions, 148 increasing their positions, 157 reducing their positions, and 82 closing their positions.
0.68% more ownership
Funds ownership: 103.27% → 103.95% (+0.68%)
6% less repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 157
7% less funds holding
Funds holding: 419 → 389 (-30)
9% less capital invested
Capital invested by funds: $9.75B → $8.89B (-$861M)
21% less call options, than puts
Call options by funds: $19.4M | Put options by funds: $24.5M
34% less first-time investments, than exits
New positions opened: 54 | Existing positions closed: 82
42% less funds holding in top 10
Funds holding in top 10: 12 → 7 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
PointState Capital
New York
|
+$108M |
| 2 |
IP
Interval Partners
New York
|
+$102M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$91.2M |
| 4 |
Impax Asset Management Group
London,
United Kingdom
|
+$76.1M |
| 5 |
ACM
Anomaly Capital Management
New York
|
+$74.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$251M |
| 2 |
ZIG
Zurich Insurance Group
Zurich,
Switzerland
|
-$107M |
| 3 |
SP
SurgoCap Partners
New York
|
-$102M |
| 4 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
-$68.7M |
| 5 |
AAM
ACK Asset Management
Greenwich,
Connecticut
|
-$66.2M |
CNM Hedge Fund Activity: Q3 2024 in Review
389 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in Core & Main (CNM) for Q3 2024, worth a combined $8.89B — down 8.8% from $9.75B a quarter earlier.
Sellers outnumbered buyers: 82 funds closed out of CNM and 54 opened new positions — a net loss of 28 holders — while 157 trimmed existing stakes and 148 added.
The largest buyer was PointState Capital, opening a new position worth an estimated $108M. The largest seller was Capital International Investors, cutting an estimated $251M.
- 389 institutional investors held Core & Main (CNM) as of Q3 2024, down from 419 in Q2 2024.
- Funds reported $8.89B of Core & Main stock for Q3 2024, down 8.8% quarter-over-quarter.
- 54 funds opened new Core & Main positions in Q3 2024 and 82 closed out, a net change of -28 holders.
- The largest Core & Main buyer in Q3 2024 was PointState Capital, an estimated $108M added.
- The largest Core & Main seller in Q3 2024 was Capital International Investors, an estimated $251M sold.
Based on aggregated 13F filings for Q3 2024.