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Installed Building Products

135 hedge funds and large institutions have $730M invested in Installed Building Products in 2018 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 44 increasing their positions, 42 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 42

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

7% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 28

1.4% less ownership

Funds ownership: 70.8%69.4% (-1.4%)

2% less funds holding

Funds holding: 138135 (-3)

16% less capital invested

Capital invested by funds: $873M → $730M (-$142M)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $33K

Holders
135
Holders Change
-3
Holders Change %
-2.17%
% of All Funds
3.01%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
26
Increased
44
Reduced
42
Closed
28
Calls
Puts
$33K
Net Calls
-$33K
Net Calls Change
+$53K
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$112M -$569K -16,379 -0.5%
SHIM
2
Spruce House Investment Management
New York
$94.3M
Vanguard Group
3
Vanguard Group
Pennsylvania
$73.3M +$280K +8,066 +0.4%
BAMCO Inc
4
BAMCO Inc
New York
$47.2M -$250K -7,187 -0.5%
WHG
5
Westwood Holdings Group
Texas
$36.4M -$299K -8,604 -0.8%
Wellington Management Group
6
Wellington Management Group
Massachusetts
$35.7M -$26.5M -761,987 -42%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$30.5M +$235K +6,758 +0.8%
WRF
8
Waddell & Reed Financial
Kansas
$27M -$306K -8,813 -1%
Neuberger Berman Group
9
Neuberger Berman Group
New York
$25.6M -$1.02M -29,290 -4%
State Street
10
State Street
Massachusetts
$23.3M -$528K -15,190 -2%
Fidelity Investments
11
Fidelity Investments
Massachusetts
$21.4M +$3.84M +110,357 +21%
PM
12
Pembroke Management
Quebec, Canada
$17.2M -$944K -27,170 -5%
GC
13
GMT Capital
Georgia
$16.6M +$17.2M +493,572 New
GKIM
14
GW&K Investment Management
Massachusetts
$14.6M -$1.96M -56,487 -12%
PNC Financial Services Group
15
PNC Financial Services Group
Pennsylvania
$14.2M -$1.53M -43,908 -9%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$12.1M +$402K +11,559 +3%
Northern Trust
17
Northern Trust
Illinois
$9.87M -$22.7K -653 -0.2%
Millennium Management
18
Millennium Management
New York
$8.5M +$3.46M +99,677 +65%
Geode Capital Management
19
Geode Capital Management
Massachusetts
$7.96M +$915K +26,318 +13%
Manulife (Manufacturers Life Insurance)
20
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$7.92M +$4.28M +123,012 +110%
Principal Financial Group
21
Principal Financial Group
Iowa
$5.98M -$41.1K -1,183 -0.7%
Norges Bank
22
Norges Bank
Norway
$5.98M +$954K +27,442 +18%
Morgan Stanley
23
Morgan Stanley
New York
$4.77M -$9.5M -273,223 -66%
Deutsche Bank
24
Deutsche Bank
Germany
$4.63M +$1.08M +30,928 +29%
Goldman Sachs
25
Goldman Sachs
New York
$4.58M -$798K -22,950 -14%

IBP Hedge Fund Activity: Q4 2018 in Review

135 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Installed Building Products (IBP) for Q4 2018, worth a combined $730M — down 16% from $873M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of IBP and 26 opened new positions — a net loss of 2 holders — while 42 trimmed existing stakes and 44 added.

The largest buyer was GMT Capital, opening a new position worth an estimated $17.2M. The largest seller was Wellington Management Group, cutting an estimated $26.5M.

  • 135 institutional investors held Installed Building Products (IBP) as of Q4 2018, down from 138 in Q3 2018.
  • Funds reported $730M of Installed Building Products stock for Q4 2018, down 16% quarter-over-quarter.
  • 26 funds opened new Installed Building Products positions in Q4 2018 and 28 closed out, a net change of -2 holders.
  • The largest Installed Building Products buyer in Q4 2018 was GMT Capital, an estimated $17.2M added.
  • The largest Installed Building Products seller in Q4 2018 was Wellington Management Group, an estimated $26.5M sold.

Based on aggregated 13F filings for Q4 2018.