Caesarstone
CSTE
98 hedge funds and large institutions have $297M invested in Caesarstone in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 27 increasing their positions, 38 reducing their positions, and 18 closing their positions.
16% more capital invested
Capital invested by funds: $256M → $297M (+$41.4M)
1.86% less ownership
Funds ownership: 48.78% → 46.92% (-1.9%)
9% less funds holding
Funds holding: 108 → 98 (-10)
29% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 38
50% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 18
77% less call options, than puts
Call options by funds: $1.73M | Put options by funds: $7.37M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$12.6M |
| 2 |
SFM
Sphera Funds Management
Tel Aviv,
Israel
|
+$5.8M |
| 3 |
DG
Delek Group
Herzliya,
Israel
|
+$2.57M |
| 4 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
+$1.83M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$1.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
-$6.52M |
| 2 |
MIH
Meitav Investment House
Bene-Beraq,
Israel
|
-$2.8M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.75M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$2.63M |
| 5 |
Renaissance Technologies
New York
|
-$2.56M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
| – | -$453K | -30,000 | Closed |
|
|
CM
102
Caption Management
Oklahoma City,
Oklahoma
| – | -$378K | -25,000 | Closed |
|
|
ARTA
103
A.R.T. Advisors
New York
| – | -$292K | -19,380 | Closed |
|
104
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$271K | -17,960 | Closed |
|
|
CS
105
Credit Suisse
Zurich,
Switzerland
| – | -$250K | -16,588 | Closed |
|
|
BFM
106
Boothbay Fund Management
New York
| – | -$237K | -15,710 | Closed |
|
|
LAM
107
Lapides Asset Management
Greenwich,
Connecticut
| – | -$211K | -14,000 | Closed |
|
|
V
108
Veritable
Wilmington,
Delaware
| – | -$151K | -10,000 | Closed |
|
|
AAMU
109
Amundi Asset Management US
Boston,
Massachusetts
| – | -$44K | -2,900 | Closed |
|
|
PIA
110
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$6K | -398 | Closed |
|
111
Envestnet Asset Management
Chicago,
Illinois
| – | -$2K | -146 | Closed |
|
|
CG
112
Cutler Group
San Francisco,
California
| – | -$1.75K | -100 | Closed |
|
|
HNB
113
Huntington National Bank
Columbus,
Ohio
| – | +$18 | +1 | New |
|
CSTE Hedge Fund Activity: Q3 2018 in Review
98 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Caesarstone (CSTE) for Q3 2018, worth a combined $297M — up 16% from $256M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of CSTE and 9 opened new positions — a net loss of 9 holders — while 38 trimmed existing stakes and 27 added.
The largest buyer was Fidelity Investments, adding an estimated $12.6M. The largest seller was Formula Growth, cutting an estimated $6.52M.
- 98 institutional investors held Caesarstone (CSTE) as of Q3 2018, down from 108 in Q2 2018.
- Funds reported $297M of Caesarstone stock for Q3 2018, up 16% quarter-over-quarter.
- 9 funds opened new Caesarstone positions in Q3 2018 and 18 closed out, a net change of -9 holders.
- The largest Caesarstone buyer in Q3 2018 was Fidelity Investments, an estimated $12.6M added.
- The largest Caesarstone seller in Q3 2018 was Formula Growth, an estimated $6.52M sold.
Based on aggregated 13F filings for Q3 2018.