Eastman Chemical
EMN
563 hedge funds and large institutions have $8.2B invested in Eastman Chemical in 2016 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 198 increasing their positions, 187 reducing their positions, and 62 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
11% more call options, than puts
Call options by funds: $82.3M | Put options by funds: $74.1M
6% more repeat investments, than reductions
Existing positions increased: 198 | Existing positions reduced: 187
4% less capital invested
Capital invested by funds: $8.57B → $8.2B (-$367M)
1.83% less ownership
Funds ownership: 84.86% → 83.03% (-1.8%)
3% less funds holding
Funds holding: 579 → 563 (-16)
18% less first-time investments, than exits
New positions opened: 51 | Existing positions closed: 62
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$69.6M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$63.6M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$57.2M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$48.4M |
| 5 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
+$44.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$196M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
-$125M |
| 3 |
First Eagle Investment Management
New York
|
-$64.8M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
-$46.2M |
| 5 |
Barclays
London,
United Kingdom
|
-$41.6M |
EMN Hedge Fund Activity: Q3 2016 in Review
563 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Eastman Chemical (EMN) for Q3 2016, worth a combined $8.2B — down 4.3% from $8.57B a quarter earlier.
Sellers outnumbered buyers: 62 funds closed out of EMN and 51 opened new positions — a net loss of 11 holders — while 187 trimmed existing stakes and 198 added.
The largest buyer was Citadel Advisors, adding an estimated $69.6M. The largest seller was Iridian Asset Management, cutting an estimated $196M.
- 563 institutional investors held Eastman Chemical (EMN) as of Q3 2016, down from 579 in Q2 2016.
- Funds reported $8.2B of Eastman Chemical stock for Q3 2016, down 4.3% quarter-over-quarter.
- 51 funds opened new Eastman Chemical positions in Q3 2016 and 62 closed out, a net change of -11 holders.
- The largest Eastman Chemical buyer in Q3 2016 was Citadel Advisors, an estimated $69.6M added.
- The largest Eastman Chemical seller in Q3 2016 was Iridian Asset Management, an estimated $196M sold.
Based on aggregated 13F filings for Q3 2016.