Illinois Tool Works
ITW
863 hedge funds and large institutions have $28.5B invested in Illinois Tool Works in 2013 Q4 according to their latest regulatory filings, with 100 funds opening new positions, 256 increasing their positions, 358 reducing their positions, and 40 closing their positions.
150% more first-time investments, than exits
New positions opened: 100 | Existing positions closed: 40
6% more funds holding
Funds holding: 811 → 863 (+52)
6% more capital invested
Capital invested by funds: $26.9B → $28.5B (+$1.55B)
2.58% less ownership
Funds ownership: 78.89% → 76.32% (-2.6%)
21% less funds holding in top 10
Funds holding in top 10: 28 → 22 (-6)
28% less repeat investments, than reductions
Existing positions increased: 256 | Existing positions reduced: 358
44% less call options, than puts
Call options by funds: $90.9M | Put options by funds: $162M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$81.3M |
| 2 |
State Street
Boston,
Massachusetts
|
+$47.3M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$39.7M |
| 4 |
D.E. Shaw & Co
New York
|
+$36.3M |
| 5 |
Goldman Sachs
New York
|
+$29.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RI
Relational Investors
San Diego,
California
|
-$415M |
| 2 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
-$377M |
| 3 |
Harris Associates
Chicago,
Illinois
|
-$318M |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$55.8M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$43.6M |
ITW Hedge Fund Activity: Q4 2013 in Review
863 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Illinois Tool Works (ITW) for Q4 2013, worth a combined $28.5B — up 5.8% from $26.9B a quarter earlier.
Buyers outnumbered sellers: 100 funds opened new ITW positions and 40 closed out — a net gain of 60 holders — while 256 added to existing stakes and 358 trimmed.
The largest buyer was Grantham, Mayo, Van Otterloo & Co (GMO), adding an estimated $81.3M. The largest seller was Relational Investors, cutting an estimated $415M.
- 863 institutional investors held Illinois Tool Works (ITW) as of Q4 2013, up from 811 in Q3 2013.
- Funds reported $28.5B of Illinois Tool Works stock for Q4 2013, up 5.8% quarter-over-quarter.
- 100 funds opened new Illinois Tool Works positions in Q4 2013 and 40 closed out, a net change of +60 holders.
- The largest Illinois Tool Works buyer in Q4 2013 was Grantham, Mayo, Van Otterloo & Co (GMO), an estimated $81.3M added.
- The largest Illinois Tool Works seller in Q4 2013 was Relational Investors, an estimated $415M sold.
Based on aggregated 13F filings for Q4 2013.