Illinois Tool Works
1,623 hedge funds and large institutions have $56.5B invested in Illinois Tool Works in 2023 Q3 according to their latest regulatory filings, with 102 funds opening new positions, 561 increasing their positions, 591 reducing their positions, and 99 closing their positions.
40% more call options, than puts
Call options by funds: $131M | Put options by funds: $93.7M
3% more first-time investments, than exits
New positions opened: 102 | Existing positions closed: 99
0.5% more ownership
Funds ownership: 80.58% → 81.09% (+0.5%)
5% less repeat investments, than reductions
Existing positions increased: 561 | Existing positions reduced: 591
1% less funds holding
Funds holding: 1,642 → 1,623 (-19)
8% less capital invested
Capital invested by funds: $61.2B → $56.5B (-$4.74B)
36% less funds holding in top 10
Funds holding in top 10: 25 → 16 (-9)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$302M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$157M |
| 3 |
ATO
Alecta Tjanstepension Omsesidigt
Stockholm,
Sweden
|
+$110M |
| 4 |
Neuberger Berman Group
New York
|
+$82.1M |
| 5 |
Goldman Sachs
New York
|
+$66.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$275M |
| 2 |
Cerity Partners
New York
|
-$244M |
| 3 |
BlackRock
New York
|
-$117M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$87.6M |
| 5 |
Los Angeles Capital Management
Los Angeles,
California
|
-$67.5M |
ITW Hedge Fund Activity: Q3 2023 in Review
1,623 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in Illinois Tool Works (ITW) for Q3 2023, worth a combined $56.5B — down 7.7% from $61.2B a quarter earlier.
Buyers outnumbered sellers: 102 funds opened new ITW positions and 99 closed out — a net gain of 3 holders — while 561 added to existing stakes and 591 trimmed.
The largest buyer was Vanguard Group, adding an estimated $302M. The largest seller was Massachusetts Financial Services, cutting an estimated $275M.
- 1,623 institutional investors held Illinois Tool Works (ITW) as of Q3 2023, down from 1,642 in Q2 2023.
- Funds reported $56.5B of Illinois Tool Works stock for Q3 2023, down 7.7% quarter-over-quarter.
- 102 funds opened new Illinois Tool Works positions in Q3 2023 and 99 closed out, a net change of +3 holders.
- The largest Illinois Tool Works buyer in Q3 2023 was Vanguard Group, an estimated $302M added.
- The largest Illinois Tool Works seller in Q3 2023 was Massachusetts Financial Services, an estimated $275M sold.
Based on aggregated 13F filings for Q3 2023.