Eastman Chemical
EMN
623 hedge funds and large institutions have $8.13B invested in Eastman Chemical in 2019 Q3 according to their latest regulatory filings, with 65 funds opening new positions, 198 increasing their positions, 248 reducing their positions, and 76 closing their positions.
51% more call options, than puts
Call options by funds: $51.7M | Put options by funds: $34.3M
1.01% less ownership
Funds ownership: 81.36% → 80.35% (-1%)
2% less funds holding
Funds holding: 636 → 623 (-13)
7% less capital invested
Capital invested by funds: $8.76B → $8.13B (-$629M)
14% less first-time investments, than exits
New positions opened: 65 | Existing positions closed: 76
20% less repeat investments, than reductions
Existing positions increased: 198 | Existing positions reduced: 248
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$44.8M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
+$31.6M |
| 3 |
Millennium Management
New York
|
+$29.2M |
| 4 |
Bank of New York Mellon
New York
|
+$27.5M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$72.4M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$68.7M |
| 3 |
EIP
Epoch Investment Partners
New York
|
-$50.4M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$35.8M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$26.8M |
EMN Hedge Fund Activity: Q3 2019 in Review
623 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Eastman Chemical (EMN) for Q3 2019, worth a combined $8.13B — down 7.2% from $8.76B a quarter earlier.
Sellers outnumbered buyers: 76 funds closed out of EMN and 65 opened new positions — a net loss of 11 holders — while 248 trimmed existing stakes and 198 added.
The largest buyer was AQR Capital Management, adding an estimated $44.8M. The largest seller was JP Morgan Chase, cutting an estimated $72.4M.
- 623 institutional investors held Eastman Chemical (EMN) as of Q3 2019, down from 636 in Q2 2019.
- Funds reported $8.13B of Eastman Chemical stock for Q3 2019, down 7.2% quarter-over-quarter.
- 65 funds opened new Eastman Chemical positions in Q3 2019 and 76 closed out, a net change of -11 holders.
- The largest Eastman Chemical buyer in Q3 2019 was AQR Capital Management, an estimated $44.8M added.
- The largest Eastman Chemical seller in Q3 2019 was JP Morgan Chase, an estimated $72.4M sold.
Based on aggregated 13F filings for Q3 2019.