Illinois Tool Works
1,793 hedge funds and large institutions have $65B invested in Illinois Tool Works in 2024 Q1 according to their latest regulatory filings, with 150 funds opening new positions, 622 increasing their positions, 638 reducing their positions, and 90 closing their positions.
67% more first-time investments, than exits
New positions opened: 150 | Existing positions closed: 90
40% more call options, than puts
Call options by funds: $175M | Put options by funds: $125M
2% more funds holding
Funds holding: 1,753 → 1,793 (+40)
2% more capital invested
Capital invested by funds: $63.6B → $65B (+$1.34B)
0.35% more ownership
Funds ownership: 80.77% → 81.11% (+0.35%)
3% less repeat investments, than reductions
Existing positions increased: 622 | Existing positions reduced: 638
12% less funds holding in top 10
Funds holding in top 10: 25 → 22 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$232M |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$224M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$192M |
| 4 |
Millennium Management
New York
|
+$155M |
| 5 |
Aristotle Capital Management
Los Angeles,
California
|
+$126M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
-$1.13B |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$329M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$232M |
| 4 |
BlackRock
New York
|
-$112M |
| 5 |
State Street
Boston,
Massachusetts
|
-$63.7M |
ITW Hedge Fund Activity: Q1 2024 in Review
1,793 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Illinois Tool Works (ITW) for Q1 2024, worth a combined $65B — up 2.1% from $63.6B a quarter earlier.
Buyers outnumbered sellers: 150 funds opened new ITW positions and 90 closed out — a net gain of 60 holders — while 622 added to existing stakes and 638 trimmed.
The largest buyer was Qube Research & Technologies (QRT), adding an estimated $232M. The largest seller was Charles Schwab, cutting an estimated $1.13B.
- 1,793 institutional investors held Illinois Tool Works (ITW) as of Q1 2024, up from 1,753 in Q4 2023.
- Funds reported $65B of Illinois Tool Works stock for Q1 2024, up 2.1% quarter-over-quarter.
- 150 funds opened new Illinois Tool Works positions in Q1 2024 and 90 closed out, a net change of +60 holders.
- The largest Illinois Tool Works buyer in Q1 2024 was Qube Research & Technologies (QRT), an estimated $232M added.
- The largest Illinois Tool Works seller in Q1 2024 was Charles Schwab, an estimated $1.13B sold.
Based on aggregated 13F filings for Q1 2024.