Hormel Foods
640 hedge funds and large institutions have $7.81B invested in Hormel Foods in 2024 Q1 according to their latest regulatory filings, with 86 funds opening new positions, 228 increasing their positions, 244 reducing their positions, and 64 closing their positions.
34% more first-time investments, than exits
New positions opened: 86 | Existing positions closed: 64
6% more capital invested
Capital invested by funds: $7.4B → $7.81B (+$410M)
3% more funds holding
Funds holding: 623 → 640 (+17)
7% more call options, than puts
Call options by funds: $89.7M | Put options by funds: $83.9M
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
7% less repeat investments, than reductions
Existing positions increased: 228 | Existing positions reduced: 244
1.27% less ownership
Funds ownership: 42.15% → 40.88% (-1.3%)
Top Buyers
| 1 |
Citadel Advisors
Miami,
Florida
|
+$52.9M |
| 2 |
Millennium Management
New York
|
+$40.8M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$31.3M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$29.2M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$22.9M |
Top Sellers
| 1 |
Morgan Stanley
New York
|
-$120M |
| 2 |
TIA
Tandem Investment Advisors
Charleston,
South Carolina
|
-$60.4M |
| 3 |
State Street
Boston,
Massachusetts
|
-$49.7M |
| 4 |
BlackRock
New York
|
-$35.4M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
-$28.8M |
HRL Hedge Fund Activity: Q1 2024 in Review
640 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Hormel Foods (HRL) for Q1 2024, worth a combined $7.81B — up 5.5% from $7.4B a quarter earlier.
Buyers outnumbered sellers: 86 funds opened new HRL positions and 64 closed out — a net gain of 22 holders — while 228 added to existing stakes and 244 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $52.9M. The largest seller was Morgan Stanley, cutting an estimated $120M.
- 640 institutional investors held Hormel Foods (HRL) as of Q1 2024, up from 623 in Q4 2023.
- Funds reported $7.81B of Hormel Foods stock for Q1 2024, up 5.5% quarter-over-quarter.
- 86 funds opened new Hormel Foods positions in Q1 2024 and 64 closed out, a net change of +22 holders.
- The largest Hormel Foods buyer in Q1 2024 was Citadel Advisors, an estimated $52.9M added.
- The largest Hormel Foods seller in Q1 2024 was Morgan Stanley, an estimated $120M sold.
Based on aggregated 13F filings for Q1 2024.