Hormel Foods
625 hedge funds and large institutions have $7.02B invested in Hormel Foods in 2024 Q3 according to their latest regulatory filings, with 69 funds opening new positions, 249 increasing their positions, 217 reducing their positions, and 58 closing their positions.
19% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 58
15% more repeat investments, than reductions
Existing positions increased: 249 | Existing positions reduced: 217
1% more funds holding
Funds holding: 618 → 625 (+7)
3% more capital invested
Capital invested by funds: $6.82B → $7.02B (+$199M)
0.41% less ownership
Funds ownership: 40.77% → 40.37% (-0.41%)
13% less call options, than puts
Call options by funds: $50.2M | Put options by funds: $57.5M
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$36.1M |
| 2 |
Voloridge Investment Management
Jupiter,
Florida
|
+$27.1M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$27M |
| 4 |
Holocene Advisors
New York
|
+$25.5M |
| 5 |
Goldman Sachs
New York
|
+$20.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$128M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$60M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$28.3M |
| 4 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
-$23.5M |
| 5 |
APG Asset Management
Amsterdam,
Netherlands
|
-$17.8M |
HRL Hedge Fund Activity: Q3 2024 in Review
625 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in Hormel Foods (HRL) for Q3 2024, worth a combined $7.02B — up 2.9% from $6.82B a quarter earlier.
Buyers outnumbered sellers: 69 funds opened new HRL positions and 58 closed out — a net gain of 11 holders — while 249 added to existing stakes and 217 trimmed.
The largest buyer was Millennium Management, adding an estimated $36.1M. The largest seller was Citadel Advisors, cutting an estimated $128M.
- 625 institutional investors held Hormel Foods (HRL) as of Q3 2024, up from 618 in Q2 2024.
- Funds reported $7.02B of Hormel Foods stock for Q3 2024, up 2.9% quarter-over-quarter.
- 69 funds opened new Hormel Foods positions in Q3 2024 and 58 closed out, a net change of +11 holders.
- The largest Hormel Foods buyer in Q3 2024 was Millennium Management, an estimated $36.1M added.
- The largest Hormel Foods seller in Q3 2024 was Citadel Advisors, an estimated $128M sold.
Based on aggregated 13F filings for Q3 2024.