Core & Main
414 hedge funds and large institutions have $10.2B invested in Core & Main in 2024 Q4 according to their latest regulatory filings, with 86 funds opening new positions, 145 increasing their positions, 135 reducing their positions, and 58 closing their positions.
48% more first-time investments, than exits
New positions opened: 86 | Existing positions closed: 58
46% more call options, than puts
Call options by funds: $29.5M | Put options by funds: $20.2M
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
15% more capital invested
Capital invested by funds: $8.89B → $10.2B (+$1.31B)
6% more funds holding
Funds holding: 389 → 414 (+25)
1.41% more ownership
Funds ownership: 103.95% → 105.36% (+1.4%)
7% more repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 135
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$191M |
| 2 |
LIP
Liontrust Investment Partners
London,
United Kingdom
|
+$103M |
| 3 |
BlackRock
New York
|
+$73.5M |
| 4 |
Impax Asset Management Group
London,
United Kingdom
|
+$66.8M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$52.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
-$198M |
| 2 |
Select Equity Group
New York
|
-$150M |
| 3 |
PC
PointState Capital
New York
|
-$100M |
| 4 |
Capital International Investors
Los Angeles,
California
|
-$66.3M |
| 5 |
ACM
Anomaly Capital Management
New York
|
-$59.5M |
CNM Hedge Fund Activity: Q4 2024 in Review
414 of the 7,606 institutional investors tracked by Wall St. Rank reported a position in Core & Main (CNM) for Q4 2024, worth a combined $10.2B — up 15% from $8.89B a quarter earlier.
Buyers outnumbered sellers: 86 funds opened new CNM positions and 58 closed out — a net gain of 28 holders — while 145 added to existing stakes and 135 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $191M. The largest seller was Pacer Advisors, cutting an estimated $198M.
- 414 institutional investors held Core & Main (CNM) as of Q4 2024, up from 389 in Q3 2024.
- Funds reported $10.2B of Core & Main stock for Q4 2024, up 15% quarter-over-quarter.
- 86 funds opened new Core & Main positions in Q4 2024 and 58 closed out, a net change of +28 holders.
- The largest Core & Main buyer in Q4 2024 was Morgan Stanley, an estimated $191M added.
- The largest Core & Main seller in Q4 2024 was Pacer Advisors, an estimated $198M sold.
Based on aggregated 13F filings for Q4 2024.