Illinois Tool Works
811 hedge funds and large institutions have $26.9B invested in Illinois Tool Works in 2013 Q3 according to their latest regulatory filings, with 70 funds opening new positions, 249 increasing their positions, 330 reducing their positions, and 48 closing their positions.
46% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 48
33% more funds holding in top 10
Funds holding in top 10: 21 → 28 (+7)
12% more call options, than puts
Call options by funds: $156M | Put options by funds: $139M
9% more capital invested
Capital invested by funds: $24.7B → $26.9B (+$2.22B)
2% more funds holding
Funds holding: 798 → 811 (+13)
0.61% less ownership
Funds ownership: 79.51% → 78.89% (-0.61%)
25% less repeat investments, than reductions
Existing positions increased: 249 | Existing positions reduced: 330
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Congress Asset Management
Boston,
Massachusetts
|
+$55.5M |
| 2 |
RFS
Rockefeller Financial Services
New York
|
+$53.5M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$52.2M |
| 4 |
Harris Associates
Chicago,
Illinois
|
+$52.1M |
| 5 |
JP Morgan Chase
New York
|
+$38.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$179M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$135M |
| 3 |
EP
Edinburgh Partners
Edinburgh,
United Kingdom
|
-$115M |
| 4 |
TCIM
TIAA CREF Investment Management
New York
|
-$61.5M |
| 5 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
-$60.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ECAM
851
East Coast Asset Management
Essex,
Massachusetts
| – | -$126K | -1,825 | Closed |
|
|
CW
852
Cobiz Wealth
Denver,
Colorado
| – | -$88K | -1,273 | Closed |
|
|
MCM
853
Matarin Capital Management
New York
| – | -$52K | -753 | Closed |
|
|
CCT
854
Capital City Trust
Tallahassee,
Florida
| – | -$38K | -550 | Closed |
|
855
Lazard Asset Management
New York
| – | -$34K | -500 | Closed |
|
|
FHB
856
First Hawaiian Bank
Honolulu,
Hawaii
| – | -$17K | -252 | Closed |
|
|
JIR
857
James Investment Research
Alpha,
Ohio
| – | -$17K | -252 | Closed |
|
|
ECM
858
ETrade Capital Management
Arlington,
Virginia
| – | -$11K | -155 | Closed |
|
|
TSWM
859
Triangle Securities Wealth Management
Raleigh,
North Carolina
| – | -$7K | -100 | Closed |
|
|
BWM
860
Baystate Wealth Management
Boston,
Massachusetts
| – | -$4K | -53 | Closed |
|
|
MIM
861
Macroview Investment Management
Bethesda,
Maryland
| – | -$2K | -25 | Closed |
|
ITW Hedge Fund Activity: Q3 2013 in Review
811 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Illinois Tool Works (ITW) for Q3 2013, worth a combined $26.9B — up 9% from $24.7B a quarter earlier.
Buyers outnumbered sellers: 70 funds opened new ITW positions and 48 closed out — a net gain of 22 holders — while 249 added to existing stakes and 330 trimmed.
The largest buyer was Congress Asset Management, adding an estimated $55.5M. The largest seller was Wellington Management Group, cutting an estimated $179M.
- 811 institutional investors held Illinois Tool Works (ITW) as of Q3 2013, up from 798 in Q2 2013.
- Funds reported $26.9B of Illinois Tool Works stock for Q3 2013, up 9% quarter-over-quarter.
- 70 funds opened new Illinois Tool Works positions in Q3 2013 and 48 closed out, a net change of +22 holders.
- The largest Illinois Tool Works buyer in Q3 2013 was Congress Asset Management, an estimated $55.5M added.
- The largest Illinois Tool Works seller in Q3 2013 was Wellington Management Group, an estimated $179M sold.
Based on aggregated 13F filings for Q3 2013.