Eastman Chemical
559 hedge funds and large institutions have $8.4B invested in Eastman Chemical in 2015 Q1 according to their latest regulatory filings, with 65 funds opening new positions, 200 increasing their positions, 206 reducing their positions, and 68 closing their positions.
134% more call options, than puts
Call options by funds: $115M | Put options by funds: $49M
0.91% less ownership
Funds ownership: 82.35% → 81.44% (-0.91%)
3% less repeat investments, than reductions
Existing positions increased: 200 | Existing positions reduced: 206
4% less first-time investments, than exits
New positions opened: 65 | Existing positions closed: 68
2% less funds holding
Funds holding: 570 → 559 (-11)
9% less capital invested
Capital invested by funds: $9.28B → $8.4B (-$877M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
+$129M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$95.6M |
| 3 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$75.7M |
| 4 |
Lazard Asset Management
New York
|
+$45.7M |
| 5 |
State Street
Boston,
Massachusetts
|
+$45.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$75.7M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
-$67M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$55.3M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$54.9M |
| 5 |
DL
Delta Lloyd
Amsterdam,
Netherlands
|
-$51.6M |
EMN Hedge Fund Activity: Q1 2015 in Review
559 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Eastman Chemical (EMN) for Q1 2015, worth a combined $8.4B — down 9.4% from $9.28B a quarter earlier.
Sellers outnumbered buyers: 68 funds closed out of EMN and 65 opened new positions — a net loss of 3 holders — while 206 trimmed existing stakes and 200 added.
The largest buyer was EdgePoint Investment Group, opening a new position worth an estimated $129M. The largest seller was Jennison Associates, cutting an estimated $75.7M.
- 559 institutional investors held Eastman Chemical (EMN) as of Q1 2015, down from 570 in Q4 2014.
- Funds reported $8.4B of Eastman Chemical stock for Q1 2015, down 9.4% quarter-over-quarter.
- 65 funds opened new Eastman Chemical positions in Q1 2015 and 68 closed out, a net change of -3 holders.
- The largest Eastman Chemical buyer in Q1 2015 was EdgePoint Investment Group, an estimated $129M added.
- The largest Eastman Chemical seller in Q1 2015 was Jennison Associates, an estimated $75.7M sold.
Based on aggregated 13F filings for Q1 2015.