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 85 funds opening new positions, 229 increasing their positions, 243 reducing their positions, and 63 closing their positions.
35% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 63
7% more capital invested
Capital invested by funds: $7.27B → $7.81B (+$543M)
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)
0.51% less ownership
Funds ownership: 41.39% → 40.88% (-0.51%)
6% less repeat investments, than reductions
Existing positions increased: 229 | Existing positions reduced: 243
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 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
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIA
Tandem Investment Advisors
Charleston,
South Carolina
|
-$60.4M |
| 2 |
State Street
Boston,
Massachusetts
|
-$49.7M |
| 3 |
BlackRock
New York
|
-$35.4M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
-$28.8M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
-$28.1M |
HRL Hedge Fund Activity: Q1 2024 in Review
640 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Hormel Foods (HRL) for Q1 2024, worth a combined $7.81B — up 7.5% from $7.27B a quarter earlier.
Buyers outnumbered sellers: 85 funds opened new HRL positions and 63 closed out — a net gain of 22 holders — while 229 added to existing stakes and 243 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $52.9M. The largest seller was Tandem Investment Advisors, exiting entirely with an estimated $60.4M sold.
- 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 7.5% quarter-over-quarter.
- 85 funds opened new Hormel Foods positions in Q1 2024 and 63 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 Tandem Investment Advisors, an estimated $60.4M sold.
Based on aggregated 13F filings for Q1 2024.