Eastman Chemical
507 hedge funds and large institutions have $9.93B invested in Eastman Chemical in 2013 Q3 according to their latest regulatory filings, with 78 funds opening new positions, 173 increasing their positions, 175 reducing their positions, and 30 closing their positions.
160% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 30
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
10% more capital invested
Capital invested by funds: $9.02B → $9.93B (+$910M)
10% more funds holding
Funds holding: 462 → 507 (+45)
0.23% less ownership
Funds ownership: 83.32% → 83.09% (-0.23%)
1% less call options, than puts
Call options by funds: $118M | Put options by funds: $119M
1% less repeat investments, than reductions
Existing positions increased: 173 | Existing positions reduced: 175
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$129M |
| 2 |
Viking Global Investors
Stamford,
Connecticut
|
+$80M |
| 3 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$77.6M |
| 4 |
HCM
Highbridge Capital Management
New York
|
+$64.8M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$62.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP
Jana Partners
New York
|
-$193M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
-$121M |
| 3 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$107M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$103M |
| 5 |
RI
Relational Investors
San Diego,
California
|
-$74.8M |
EMN Hedge Fund Activity: Q3 2013 in Review
507 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Eastman Chemical (EMN) for Q3 2013, worth a combined $9.93B — up 10% from $9.02B a quarter earlier.
Buyers outnumbered sellers: 78 funds opened new EMN positions and 30 closed out — a net gain of 48 holders — while 173 added to existing stakes and 175 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $129M. The largest seller was Jana Partners, exiting entirely with an estimated $193M sold.
- 507 institutional investors held Eastman Chemical (EMN) as of Q3 2013, up from 462 in Q2 2013.
- Funds reported $9.93B of Eastman Chemical stock for Q3 2013, up 10% quarter-over-quarter.
- 78 funds opened new Eastman Chemical positions in Q3 2013 and 30 closed out, a net change of +48 holders.
- The largest Eastman Chemical buyer in Q3 2013 was Fidelity Investments, an estimated $129M added.
- The largest Eastman Chemical seller in Q3 2013 was Jana Partners, an estimated $193M sold.
Based on aggregated 13F filings for Q3 2013.