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Installed Building Products
IBP

61 hedge funds and large institutions have $245M invested in Installed Building Products in 2014 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 27 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more capital invested

Capital invested by funds: $198M → $245M (+$47.1M)

2% more ownership

Funds ownership: 52.69% → 54.69% (+2%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

18% less funds holding

Funds holding: 74 → 61 (-13)

30% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 27

62% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 21

Holders
61
Holders Change
-13
Holders Change %
-17.57%
% of All Funds
1.77%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
8
Increased
19
Reduced
27
Closed
21
Calls
$211K
Puts
–
Net Calls
+$211K
Net Calls Change
+$210K

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$25.2M
2
GC
GMT Capital
Georgia
+$8.82M
3
JAM
Jupiter Asset Management
United Kingdom
+$3.33M
4
RA
Royce & Associates
New York
+$2.64M
5
Citadel Advisors
Citadel Advisors
Florida
+$1.93M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$7.7M
2
BC
BHR Capital
New York
-$6.13M
3
NI
Numeric Investors
Massachusetts
-$1.72M
4
BCM
Basswood Capital Management
New York
-$1.52M
5
SAM
Scopus Asset Management
New York
-$1.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
BG
26
BlackRock Group
United Kingdom
$1.69M -$59K -4,600 -4%
NFA
27
Nationwide Fund Advisors
Ohio
$1.61M +$2.37K +185 +0.2%
KCP
28
Kortright Capital Partners
New York
$1.59M +$1.45M +113,339 New
Northern Trust
29
Northern Trust
Illinois
$1.46M -$744 -58 -0.1%
CCM
30
Cadence Capital Management
Massachusetts
$1.25M -$31.4K -2,450 -3%
BIT
31
BlackRock Institutional Trust
California
$1.03M -$125K -9,720 -12%
Geode Capital Management
32
Geode Capital Management
Massachusetts
$951K – – –
PCM
33
Pentwater Capital Management
Florida
$948K -$96.2K -7,500 -10%
SKK
34
Shepherd Kaplan Krochuk
Massachusetts
$843K +$79K +6,162 +11%
BlackRock
35
BlackRock
New York
$788K – – –
CCA
36
Covey Capital Advisors
Georgia
$719K +$656K +51,144 New
HAM
37
Harber Asset Management
North Carolina
$695K -$409K -31,933 -39%
Bank of New York Mellon
38
Bank of New York Mellon
New York
$684K +$89.7K +6,996 +17%
TCIM
39
TIAA CREF Investment Management
New York
$471K +$3.95K +308 +0.9%
Federated Hermes
40
Federated Hermes
Pennsylvania
$422K – – –
BPC
41
Banque Pictet & Cie
Switzerland
$386K -$10.1K -788 -3%
Charles Schwab
42
Charles Schwab
California
$381K +$100K +7,800 +40%
BIM
43
BlackRock Investment Management
Delaware
$366K +$7.46K +582 +2%
California Public Employees Retirement System
44
California Public Employees Retirement System
California
$281K – – –
KeyBank National Association
45
KeyBank National Association
Ohio
$261K -$39.8K -3,103 -14%
California State Teachers Retirement System (CalSTRS)
46
California State Teachers Retirement System (CalSTRS)
California
$220K +$1.15K +90 +0.6%
Goldman Sachs
47
Goldman Sachs
New York
$207K -$186K -14,494 -50%
TA
48
Teachers Advisors
New York
$175K – – –
Verition Fund Management
49
Verition Fund Management
Connecticut
$143K +$131K +10,211 New
Morgan Stanley
50
Morgan Stanley
New York
$114K +$34.6K +2,696 +50%
1
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IBP Hedge Fund Activity: Q3 2014 in Review

61 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Installed Building Products (IBP) for Q3 2014, worth a combined $245M — up 24% from $198M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of IBP and 8 opened new positions — a net loss of 13 holders — while 27 trimmed existing stakes and 19 added.

The largest buyer was Invesco, opening a new position worth an estimated $25.2M. The largest seller was Millennium Management, exiting entirely with an estimated $7.7M sold.

  • 61 institutional investors held Installed Building Products (IBP) as of Q3 2014, down from 74 in Q2 2014.
  • Funds reported $245M of Installed Building Products stock for Q3 2014, up 24% quarter-over-quarter.
  • 8 funds opened new Installed Building Products positions in Q3 2014 and 21 closed out, a net change of -13 holders.
  • The largest Installed Building Products buyer in Q3 2014 was Invesco, an estimated $25.2M added.
  • The largest Installed Building Products seller in Q3 2014 was Millennium Management, an estimated $7.7M sold.

Based on aggregated 13F filings for Q3 2014.