Illinois Tool Works
ITW
887 hedge funds and large institutions have $25.8B invested in Illinois Tool Works in 2014 Q1 according to their latest regulatory filings, with 75 funds opening new positions, 250 increasing their positions, 390 reducing their positions, and 38 closing their positions.
97% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 38
33% more call options, than puts
Call options by funds: $84.5M | Put options by funds: $63.5M
3% more funds holding
Funds holding: 863 → 887 (+24)
1.65% less ownership
Funds ownership: 76.32% → 74.67% (-1.6%)
9% less funds holding in top 10
Funds holding in top 10: 22 → 20 (-2)
9% less capital invested
Capital invested by funds: $28.5B → $25.8B (-$2.67B)
36% less repeat investments, than reductions
Existing positions increased: 250 | Existing positions reduced: 390
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
+$236M |
| 2 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
+$95.8M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$73.7M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$70.2M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
+$64.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
-$572M |
| 2 |
RI
Relational Investors
San Diego,
California
|
-$399M |
| 3 |
Harris Associates
Chicago,
Illinois
|
-$276M |
| 4 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$256M |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$249M |
ITW Hedge Fund Activity: Q1 2014 in Review
887 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Illinois Tool Works (ITW) for Q1 2014, worth a combined $25.8B — down 9.4% from $28.5B a quarter earlier.
Buyers outnumbered sellers: 75 funds opened new ITW positions and 38 closed out — a net gain of 37 holders — while 250 added to existing stakes and 390 trimmed.
The largest buyer was Adage Capital Partners, adding an estimated $236M. The largest seller was Barrow, Hanley, Mewhinney & Strauss, cutting an estimated $572M.
- 887 institutional investors held Illinois Tool Works (ITW) as of Q1 2014, up from 863 in Q4 2013.
- Funds reported $25.8B of Illinois Tool Works stock for Q1 2014, down 9.4% quarter-over-quarter.
- 75 funds opened new Illinois Tool Works positions in Q1 2014 and 38 closed out, a net change of +37 holders.
- The largest Illinois Tool Works buyer in Q1 2014 was Adage Capital Partners, an estimated $236M added.
- The largest Illinois Tool Works seller in Q1 2014 was Barrow, Hanley, Mewhinney & Strauss, an estimated $572M sold.
Based on aggregated 13F filings for Q1 2014.