Corning
GLW
825 hedge funds and large institutions have $20.6B invested in Corning in 2014 Q1 according to their latest regulatory filings, with 61 funds opening new positions, 240 increasing their positions, 410 reducing their positions, and 54 closing their positions.
30% more funds holding in top 10
Funds holding in top 10: 33 → 43 (+10)
13% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 54
12% more capital invested
Capital invested by funds: $18.4B → $20.6B (+$2.2B)
0.21% less ownership
Funds ownership: 71.43% → 71.22% (-0.21%)
0% less funds holding
Funds holding: 828 → 825 (-3)
36% less call options, than puts
Call options by funds: $243M | Put options by funds: $378M
41% less repeat investments, than reductions
Existing positions increased: 240 | Existing positions reduced: 410
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pzena Investment Management
New York
|
+$153M |
| 2 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$75.2M |
| 3 |
Bank of New York Mellon
New York
|
+$56.2M |
| 4 |
SG Americas Securities
New York
|
+$35.5M |
| 5 |
SCCM
Schafer Cullen Capital Management
New York
|
+$33.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$161M |
| 2 |
YAM
Yacktman Asset Management
Austin,
Texas
|
-$134M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$126M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$98M |
| 5 |
IG
ING Group
Amsterdam,
Netherlands
|
-$61.2M |
GLW Hedge Fund Activity: Q1 2014 in Review
825 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Corning (GLW) for Q1 2014, worth a combined $20.6B — up 12% from $18.4B a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new GLW positions and 54 closed out — a net gain of 7 holders — while 240 added to existing stakes and 410 trimmed.
The largest buyer was Pzena Investment Management, adding an estimated $153M. The largest seller was Arrowstreet Capital, cutting an estimated $161M.
- 825 institutional investors held Corning (GLW) as of Q1 2014, down from 828 in Q4 2013.
- Funds reported $20.6B of Corning stock for Q1 2014, up 12% quarter-over-quarter.
- 61 funds opened new Corning positions in Q1 2014 and 54 closed out, a net change of +7 holders.
- The largest Corning buyer in Q1 2014 was Pzena Investment Management, an estimated $153M added.
- The largest Corning seller in Q1 2014 was Arrowstreet Capital, an estimated $161M sold.
Based on aggregated 13F filings for Q1 2014.