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Fomento Económico Mexicano
FMX

293 hedge funds and large institutions have $7.95B invested in Fomento Económico Mexicano in 2023 Q2 according to their latest regulatory filings, with 52 funds opening new positions, 92 increasing their positions, 109 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

136% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 22

13% more capital invested

Capital invested by funds: $7.04B → $7.95B (+$916M)

13% more funds holding in top 10

Funds holding in top 10: 16 → 18 (+2)

11% more funds holding

Funds holding: 263 → 293 (+30)

0.11% less ownership

Funds ownership: 3.43% → 3.32% (-0.11%)

12% less call options, than puts

Call options by funds: $8.37M | Put options by funds: $9.5M

16% less repeat investments, than reductions

Existing positions increased: 92 | Existing positions reduced: 109

Holders
293
Holders Change
+30
Holders Change %
+11.41%
% of All Funds
4.6%
Holding in Top 10
18
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+12.5%
% of All Funds
0.28%
New
52
Increased
92
Reduced
109
Closed
22
Calls
$8.37M
Puts
$9.5M
Net Calls
-$1.13M
Net Calls Change
-$6.38M

Top Buyers

1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$115M
2
WCM Investment Management
WCM Investment Management
California
+$65.5M
3
DCM
Driehaus Capital Management
Illinois
+$43.3M
4
PL
Perpetual Ltd
Australia
+$38.3M
5
AI
Axiom Investors
Connecticut
+$31.3M

Top Sellers

1
CGI
Comgest Global Investors
France
-$56.5M
2
Deutsche Bank
Deutsche Bank
Germany
-$54.6M
3
LPC
Long Pond Capital
New York
-$54.3M
4
CM
Corvex Management
New York
-$52.2M
5
SP
Sarasin & Partners
United Kingdom
-$49.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
CS
51
Credit Suisse
Switzerland
$24.7M -$2.62M -26,038 -10%
Acadian Asset Management
52
Acadian Asset Management
Massachusetts
$24.6M +$19.5M +193,536 +687%
SP
53
Sarasin & Partners
United Kingdom
$23.2M -$49.7M -494,258 -70%
Invesco
54
Invesco
Georgia
$21M -$557K -5,541 -3%
MI
55
Mercer Investments
Massachusetts
$20.7M +$371K +3,694 +2%
Canada Pension Plan Investment Board
56
Canada Pension Plan Investment Board
Ontario, Canada
$19.1M -$23.2M -230,500 -57%
CAM
57
Cidel Asset Management
Ontario, Canada
$18.7M +$2.5M +24,810 +17%
SGA
58
Sustainable Growth Advisers
Connecticut
$18.4M +$9.6M +95,488 +135%
CC
59
Carrhae Capital
United Kingdom
$16.4M +$14.8M +147,561 New
T. Rowe Price Associates
60
T. Rowe Price Associates
Maryland
$16M +$392K +3,900 +3%
Lazard Asset Management
61
Lazard Asset Management
New York
$15.2M +$2.03M +20,200 +17%
GI
62
GAMCO Investors
Connecticut
$13.9M +$1.11M +11,000 +10%
NC
63
Northcape Capital
Australia
$13.3M +$607K +6,031 +5%
Ameriprise
64
Ameriprise
Minnesota
$13.1M -$1.08M -10,721 -8%
UBS Group
65
UBS Group
Switzerland
$12.5M +$2.4M +23,820 +27%
LCS
66
Levin Capital Strategies
New York
$12M -$2.28M -22,691 -17%
JCM
67
Janney Capital Management
Pennsylvania
$11.9M -$116K -1,156 -1%
MIS
68
Morningstar Investment Services
Illinois
$10.6M +$191K +1,900 +2%
DRZID
69
DePrince Race & Zollo Inc (DRZ)
Florida
$9.86M -$704K -7,000 -7%
US Bancorp
70
US Bancorp
Minnesota
$8.97M +$56.2K +559 +0.7%
JFL
71
Jarislowsky, Fraser Ltd
Quebec, Canada
$8.55M +$172K +1,710 +2%
Citigroup
72
Citigroup
New York
$8.53M +$1.47M +14,584 +23%
Millennium Management
73
Millennium Management
New York
$8.08M -$5.69M -56,597 -44%
CCM
74
Coerente Capital Management
Ontario, Canada
$7.97M -$249K -2,475 -3%
American Century Companies
75
American Century Companies
Missouri
$7.76M +$823K +8,183 +13%
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3
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FMX Hedge Fund Activity: Q2 2023 in Review

293 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Fomento Económico Mexicano (FMX) for Q2 2023, worth a combined $7.95B — up 13% from $7.04B a quarter earlier.

Buyers outnumbered sellers: 52 funds opened new FMX positions and 22 closed out — a net gain of 30 holders — while 92 added to existing stakes and 109 trimmed.

The largest buyer was Baillie Gifford & Co, opening a new position worth an estimated $115M. The largest seller was Comgest Global Investors, cutting an estimated $56.5M.

  • 293 institutional investors held Fomento Económico Mexicano (FMX) as of Q2 2023, up from 263 in Q1 2023.
  • Funds reported $7.95B of Fomento Económico Mexicano stock for Q2 2023, up 13% quarter-over-quarter.
  • 52 funds opened new Fomento Económico Mexicano positions in Q2 2023 and 22 closed out, a net change of +30 holders.
  • The largest Fomento Económico Mexicano buyer in Q2 2023 was Baillie Gifford & Co, an estimated $115M added.
  • The largest Fomento Económico Mexicano seller in Q2 2023 was Comgest Global Investors, an estimated $56.5M sold.

Based on aggregated 13F filings for Q2 2023.