Fastenal
FAST
1,033 hedge funds and large institutions have $25B invested in Fastenal in 2023 Q3 according to their latest regulatory filings, with 68 funds opening new positions, 368 increasing their positions, 400 reducing their positions, and 77 closing their positions.
12% more call options, than puts
Call options by funds: $110M | Put options by funds: $98.3M
0.32% less ownership
Funds ownership: 159.91% → 159.6% (-0.32%)
8% less repeat investments, than reductions
Existing positions increased: 368 | Existing positions reduced: 400
2% less funds holding
Funds holding: 1,056 → 1,033 (-23)
7% less capital invested
Capital invested by funds: $26.9B → $25B (-$1.92B)
9% less funds holding in top 10
Funds holding in top 10: 23 → 21 (-2)
12% less first-time investments, than exits
New positions opened: 68 | Existing positions closed: 77
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$85.5M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$54.3M |
| 3 |
BNP Paribas Asset Management
Paris,
France
|
+$40.4M |
| 4 |
Squarepoint
New York
|
+$38M |
| 5 |
State Street
Boston,
Massachusetts
|
+$36.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
-$99.9M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$85.8M |
| 3 |
ZIG
Zurich Insurance Group
Zurich,
Switzerland
|
-$48.2M |
| 4 |
AAM
Ardevora Asset Management
London,
United Kingdom
|
-$38.4M |
| 5 |
PTC
Provident Trust Company
Waukesha,
Wisconsin
|
-$32.2M |
FAST Hedge Fund Activity: Q3 2023 in Review
1,033 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Fastenal (FAST) for Q3 2023, worth a combined $25B — down 7.1% from $26.9B a quarter earlier.
Sellers outnumbered buyers: 77 funds closed out of FAST and 68 opened new positions — a net loss of 9 holders — while 400 trimmed existing stakes and 368 added.
The largest buyer was Envestnet Asset Management, adding an estimated $85.5M. The largest seller was Select Equity Group, cutting an estimated $99.9M.
- 1,033 institutional investors held Fastenal (FAST) as of Q3 2023, down from 1,056 in Q2 2023.
- Funds reported $25B of Fastenal stock for Q3 2023, down 7.1% quarter-over-quarter.
- 68 funds opened new Fastenal positions in Q3 2023 and 77 closed out, a net change of -9 holders.
- The largest Fastenal buyer in Q3 2023 was Envestnet Asset Management, an estimated $85.5M added.
- The largest Fastenal seller in Q3 2023 was Select Equity Group, an estimated $99.9M sold.
Based on aggregated 13F filings for Q3 2023.