Eastman Chemical
EMN
533 hedge funds and large institutions have $10.2B invested in Eastman Chemical in 2013 Q4 according to their latest regulatory filings, with 77 funds opening new positions, 175 increasing their positions, 192 reducing their positions, and 49 closing their positions.
57% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 49
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
5% more funds holding
Funds holding: 507 → 533 (+26)
2% more capital invested
Capital invested by funds: $9.93B → $10.2B (+$233M)
6% less call options, than puts
Call options by funds: $122M | Put options by funds: $129M
9% less repeat investments, than reductions
Existing positions increased: 175 | Existing positions reduced: 192
1.2% less ownership
Funds ownership: 83.09% → 81.89% (-1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
+$108M |
| 2 |
EARNEST Partners
Atlanta,
Georgia
|
+$87.8M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
+$82.8M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$77.2M |
| 5 |
IAM
Impala Asset Management
Palm Beach,
Florida
|
+$66.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Viking Global Investors
Stamford,
Connecticut
|
-$411M |
| 2 |
SC
Sculptor Capital
New York
|
-$165M |
| 3 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$78.2M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$72.8M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$69.4M |
EMN Hedge Fund Activity: Q4 2013 in Review
533 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Eastman Chemical (EMN) for Q4 2013, worth a combined $10.2B — up 2.4% from $9.93B a quarter earlier.
Buyers outnumbered sellers: 77 funds opened new EMN positions and 49 closed out — a net gain of 28 holders — while 175 added to existing stakes and 192 trimmed.
The largest buyer was Lazard Asset Management, adding an estimated $108M. The largest seller was Viking Global Investors, cutting an estimated $411M.
- 533 institutional investors held Eastman Chemical (EMN) as of Q4 2013, up from 507 in Q3 2013.
- Funds reported $10.2B of Eastman Chemical stock for Q4 2013, up 2.4% quarter-over-quarter.
- 77 funds opened new Eastman Chemical positions in Q4 2013 and 49 closed out, a net change of +28 holders.
- The largest Eastman Chemical buyer in Q4 2013 was Lazard Asset Management, an estimated $108M added.
- The largest Eastman Chemical seller in Q4 2013 was Viking Global Investors, an estimated $411M sold.
Based on aggregated 13F filings for Q4 2013.