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Illinois Tool Works
ITW

862 hedge funds and large institutions have $28.5B invested in Illinois Tool Works in 2013 Q4 according to their latest regulatory filings, with 99 funds opening new positions, 256 increasing their positions, 358 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

148% more first-time investments, than exits

New positions opened: 99 | Existing positions closed: 40

6% more funds holding

Funds holding: 811 → 862 (+51)

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

Holders
862
Holders Change
+51
Holders Change %
+6.29%
% of All Funds
25.01%
Holding in Top 10
22
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-21.43%
% of All Funds
0.64%
New
99
Increased
256
Reduced
358
Closed
40
Calls
$90.9M
Puts
$162M
Net Calls
-$71.3M
Net Calls Change
-$88.4M

Top Buyers

Rank Fund Capital Flow
1
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
+$81.3M
2
State Street
State Street
Massachusetts
+$47.3M
3
Invesco
Invesco
Georgia
+$39.7M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$36.3M
5
Goldman Sachs
Goldman Sachs
New York
+$29.4M

Top Sellers

Rank Fund Capital Flow
1
RI
Relational Investors
California
-$415M
2
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
-$377M
3
Harris Associates
Harris Associates
Illinois
-$318M
4
RFC
Russell Frank Company
Washington
-$55.8M
5
Deutsche Bank
Deutsche Bank
Germany
-$43.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
826
SeaBridge Investment Advisors
New Jersey
$29K – – –
WCM
827
Westend Capital Management
California
$29K +$27.6K +350 New
GI
828
Gradient Investments
Minnesota
$27K – – –
WCM
829
Wealthcare Capital Management
Virginia
$27K – – –
AP
830
Advisors Preferred
Maryland
$27K +$26K +329 New
SNT
831
Security National Trust
West Virginia
$26K – – –
CFA
832
Carroll Financial Associates
North Carolina
$25K – – –
HPBT
833
High Point Bank & Trust
North Carolina
$25K – – –
JFA
834
JNBA Financial Advisors
Minnesota
$25K – – –
NCM
835
Nelson Capital Management
California
$23K – – –
MAS
836
Madden Advisory Services
Florida
$21K +$19.5K +247 New
TFO
837
Tarbox Family Office
California
$18K +$17.4K +220 New
WAM
838
Wallington Asset Management
Indiana
$17K – – –
CAL
839
Capital Advisors Ltd
Ohio
$17K +$16.2K +205 New
WF
840
WealthTrust Fairport
Ohio
$15K – – –
DBT
841
Dubuque Bank & Trust
Iowa
$13K – – –
PAS
842
Partnervest Advisory Services
California
$13K – – –
FAM
843
Fred Alger Management
New York
$13K +$3.79K +48 +43%
TWM
844
Torch Wealth Management
Ohio
$13K +$11.8K +150 New
SMU
845
Signet Management USA
Virginia
$13K +$12.6K +160 New
CCM
846
Chilton Capital Management
Texas
$12.3K – – –
KTC
847
Kistler-Tiffany Companies
Pennsylvania
$10K – – –
WCM
848
Windsor Capital Management
Arizona
$10K +$79 +1 +0.9%
SSG
849
Summit Securities Group
New York
$8K – – –
EWM
850
Elite Wealth Management
Washington
$8K +$7.89K +100 New
32 33
34
35 36

ITW Hedge Fund Activity: Q4 2013 in Review

862 of the 3,446 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: 99 funds opened new ITW positions and 40 closed out — a net gain of 59 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.

  • 862 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.
  • 99 funds opened new Illinois Tool Works positions in Q4 2013 and 40 closed out, a net change of +59 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.