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Element Solutions
ESI

191 hedge funds and large institutions have $3.43B invested in Element Solutions in 2018 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 50 increasing their positions, 77 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

843% more call options, than puts

Call options by funds: $55.7M | Put options by funds: $5.91M

7% more capital invested

Capital invested by funds: $3.22B → $3.43B (+$217M)

0.72% less ownership

Funds ownership: 96.16% → 95.44% (-0.72%)

5% less funds holding

Funds holding: 200 → 191 (-9)

10% less funds holding in top 10

Funds holding in top 10: 10 → 9 (-1)

24% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 38

35% less repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 77

Holders
191
Holders Change
-9
Holders Change %
-4.5%
% of All Funds
4.37%
Holding in Top 10
9
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-10%
% of All Funds
0.21%
New
29
Increased
50
Reduced
77
Closed
38
Calls
$55.7M
Puts
$5.91M
Net Calls
+$49.8M
Net Calls Change
+$60.7M

Top Buyers

1
GCM
Gates Capital Management
New York
+$74.2M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$53.3M
3
VNIM
Vaughan Nelson Investment Management
Texas
+$38.8M
4
PCM
Peregrine Capital Management
Minnesota
+$24.4M
5
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$14.4M

Top Sellers

1
MVP
Miller Value Partners
Florida
-$44.8M
2
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$39.9M
3
BCM
Brigade Capital Management
New York
-$36.5M
4
Goldman Sachs
Goldman Sachs
New York
-$30.4M
5
Morgan Stanley
Morgan Stanley
New York
-$27.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
PSCM
1
Pershing Square Capital Management
New York
$504M – – –
Fidelity Investments
2
Fidelity Investments
Massachusetts
$439M +$53.3M +4,269,219 +14%
Vanguard Group
3
Vanguard Group
Pennsylvania
$238M +$6.89M +552,143 +3%
BCM
4
Bares Capital Management
Texas
$235M +$10.6M +847,690 +5%
BlackRock
5
BlackRock
New York
$199M +$9.86M +790,068 +5%
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$192M +$6.21M +497,390 +3%
GCM
7
Glenview Capital Management
New York
$156M – – –
CS
8
Credit Suisse
Switzerland
$149M -$1.8M -144,123 -1%
EM
9
Elliott Management
New York
$137M – – –
GCM
10
Gates Capital Management
New York
$74.1M +$74.2M +5,941,258 New
SM
11
Scoggin Management
New York
$62M – – –
Nomura Holdings
12
Nomura Holdings
Japan
$60.9M -$21.2M -1,696,880 -26%
Morgan Stanley
13
Morgan Stanley
New York
$47.9M -$27.7M -2,215,439 -37%
Victory Capital Management
14
Victory Capital Management
Texas
$46.4M +$331K +26,510 +0.7%
MSE
15
MUFG Securities EMEA
United Kingdom
$41.3M +$3.75M +300,000 +10%
VNIM
16
Vaughan Nelson Investment Management
Texas
$38.7M +$38.8M +3,107,375 New
AIM
17
Assured Investment Management
New York
$38.6M -$9.92M -794,675 -20%
State Street
18
State Street
Massachusetts
$36.8M +$830K +66,464 +2%
Goldman Sachs
19
Goldman Sachs
New York
$35.5M -$30.4M -2,430,949 -46%
UBS Group
20
UBS Group
Switzerland
$33.9M -$904K -72,382 -3%
Norges Bank
21
Norges Bank
Norway
$31.4M – – –
AL
22
Appaloosa LP
New Jersey
$29M -$25.2M -2,015,095 -46%
First Manhattan
23
First Manhattan
New York
$28.4M -$715K -57,300 -2%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$25.1M +$1.47M +117,782 +6%
WCM
25
Wedge Capital Management
North Carolina
$24.9M +$4.14M +331,883 +20%
1
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ESI Hedge Fund Activity: Q3 2018 in Review

191 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Element Solutions (ESI) for Q3 2018, worth a combined $3.43B — up 6.7% from $3.22B a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of ESI and 29 opened new positions — a net loss of 9 holders — while 77 trimmed existing stakes and 50 added.

The largest buyer was Gates Capital Management, opening a new position worth an estimated $74.2M. The largest seller was Miller Value Partners, cutting an estimated $44.8M.

  • 191 institutional investors held Element Solutions (ESI) as of Q3 2018, down from 200 in Q2 2018.
  • Funds reported $3.43B of Element Solutions stock for Q3 2018, up 6.7% quarter-over-quarter.
  • 29 funds opened new Element Solutions positions in Q3 2018 and 38 closed out, a net change of -9 holders.
  • The largest Element Solutions buyer in Q3 2018 was Gates Capital Management, an estimated $74.2M added.
  • The largest Element Solutions seller in Q3 2018 was Miller Value Partners, an estimated $44.8M sold.

Based on aggregated 13F filings for Q3 2018.