Caesarstone
CSTE
130 hedge funds and large institutions have $607M invested in Caesarstone in 2016 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 51 increasing their positions, 31 reducing their positions, and 37 closing their positions.
65% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 31
61.14% more ownership
Funds ownership: 0% → 61.14% (+61%)
6% less funds holding
Funds holding: 139 → 130 (-9)
19% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 37
27% less capital invested
Capital invested by funds: $834M → $607M (-$227M)
54% less call options, than puts
Call options by funds: $4.28M | Put options by funds: $9.21M
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JC
Joho Capital
New York
|
+$38M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$11.6M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$7.88M |
| 4 |
AP
AHL Partners
London,
United Kingdom
|
+$7.04M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$4.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PL
Perpetual Ltd
Sydney, New South Wales,
Australia
|
-$31.9M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$24.8M |
| 3 |
SAM
Skyline Asset Management
Chicago,
Illinois
|
-$24.2M |
| 4 |
ABC
Anchor Bolt Capital
Chicago,
Illinois
|
-$13.9M |
| 5 |
JP Morgan Chase
New York
|
-$12.9M |
CSTE Hedge Fund Activity: Q4 2016 in Review
130 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Caesarstone (CSTE) for Q4 2016, worth a combined $607M — down 27% from $834M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of CSTE and 30 opened new positions — a net loss of 7 holders — while 31 trimmed existing stakes and 51 added.
The largest buyer was Joho Capital, adding an estimated $38M. The largest seller was Perpetual Ltd, cutting an estimated $31.9M.
- 130 institutional investors held Caesarstone (CSTE) as of Q4 2016, down from 139 in Q3 2016.
- Funds reported $607M of Caesarstone stock for Q4 2016, down 27% quarter-over-quarter.
- 30 funds opened new Caesarstone positions in Q4 2016 and 37 closed out, a net change of -7 holders.
- The largest Caesarstone buyer in Q4 2016 was Joho Capital, an estimated $38M added.
- The largest Caesarstone seller in Q4 2016 was Perpetual Ltd, an estimated $31.9M sold.
Based on aggregated 13F filings for Q4 2016.