Eastman Chemical
EMN
693 hedge funds and large institutions have $8.28B invested in Eastman Chemical in 2023 Q2 according to their latest regulatory filings, with 61 funds opening new positions, 238 increasing their positions, 257 reducing their positions, and 59 closing their positions.
3% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 59
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% less funds holding
Funds holding: 694 → 693 (-1)
0.78% less ownership
Funds ownership: 83.93% → 83.15% (-0.78%)
2% less capital invested
Capital invested by funds: $8.41B → $8.28B (-$131M)
7% less repeat investments, than reductions
Existing positions increased: 238 | Existing positions reduced: 257
14% less call options, than puts
Call options by funds: $28.1M | Put options by funds: $32.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$148M |
| 2 |
ClearBridge Investments
New York
|
+$67.3M |
| 3 |
EARNEST Partners
Atlanta,
Georgia
|
+$29.5M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$18.8M |
| 5 |
Barclays
London,
United Kingdom
|
+$15.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$113M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$58M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$46.8M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$45.9M |
| 5 |
MHI
Miller Howard Investments
Kingston,
New York
|
-$31.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TAIM
751
TD Ameritrade Investment Management
Omaha,
Nebraska
| – | -$407 | -5 | -50% |
|
|
JWM
752
Janiczek Wealth Management
Denver,
Colorado
| – | -$166 | -2 | Closed |
|
753
Comerica Bank
Dallas,
Texas
| – | +$20.2M | +248,819 | New |
|
EMN Hedge Fund Activity: Q2 2023 in Review
693 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Eastman Chemical (EMN) for Q2 2023, worth a combined $8.28B — down 1.6% from $8.41B a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new EMN positions and 59 closed out — a net gain of 2 holders — while 238 added to existing stakes and 257 trimmed.
The largest buyer was Millennium Management, adding an estimated $148M. The largest seller was JP Morgan Chase, cutting an estimated $113M.
- 693 institutional investors held Eastman Chemical (EMN) as of Q2 2023, down from 694 in Q1 2023.
- Funds reported $8.28B of Eastman Chemical stock for Q2 2023, down 1.6% quarter-over-quarter.
- 61 funds opened new Eastman Chemical positions in Q2 2023 and 59 closed out, a net change of +2 holders.
- The largest Eastman Chemical buyer in Q2 2023 was Millennium Management, an estimated $148M added.
- The largest Eastman Chemical seller in Q2 2023 was JP Morgan Chase, an estimated $113M sold.
Based on aggregated 13F filings for Q2 2023.