Illinois Tool Works
880 hedge funds and large institutions have $25.3B invested in Illinois Tool Works in 2014 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 267 increasing their positions, 379 reducing their positions, and 32 closing their positions.
41% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 32
1.61% more ownership
Funds ownership: 73.9% → 75.52% (+1.6%)
1% more funds holding
Funds holding: 873 → 880 (+7)
5% less capital invested
Capital invested by funds: $26.7B → $25.3B (-$1.45B)
30% less repeat investments, than reductions
Existing positions increased: 267 | Existing positions reduced: 379
35% less call options, than puts
Call options by funds: $70.4M | Put options by funds: $109M
40% less funds holding in top 10
Funds holding in top 10: 25 → 15 (-10)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
+$94.5M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$91.3M |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$84.5M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
+$72.8M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$64.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$598M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$168M |
| 3 |
State Street
Boston,
Massachusetts
|
-$60.2M |
| 4 |
SAM
Scopus Asset Management
New York
|
-$52.4M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$51.8M |
ITW Hedge Fund Activity: Q3 2014 in Review
880 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Illinois Tool Works (ITW) for Q3 2014, worth a combined $25.3B — down 5.4% from $26.7B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new ITW positions and 32 closed out — a net gain of 13 holders — while 267 added to existing stakes and 379 trimmed.
The largest buyer was Bank of New York Mellon, adding an estimated $94.5M. The largest seller was Fiduciary Management Inc, exiting entirely with an estimated $598M sold.
- 880 institutional investors held Illinois Tool Works (ITW) as of Q3 2014, up from 873 in Q2 2014.
- Funds reported $25.3B of Illinois Tool Works stock for Q3 2014, down 5.4% quarter-over-quarter.
- 45 funds opened new Illinois Tool Works positions in Q3 2014 and 32 closed out, a net change of +13 holders.
- The largest Illinois Tool Works buyer in Q3 2014 was Bank of New York Mellon, an estimated $94.5M added.
- The largest Illinois Tool Works seller in Q3 2014 was Fiduciary Management Inc, an estimated $598M sold.
Based on aggregated 13F filings for Q3 2014.