Kennametal
263 hedge funds and large institutions have $2.76B invested in Kennametal in 2018 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 84 increasing their positions, 91 reducing their positions, and 41 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
1% less funds holding
Funds holding: 265 → 263 (-2)
2% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 41
8% less repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 91
1.48% less ownership
Funds ownership: 102.32% → 100.84% (-1.5%)
25% less capital invested
Capital invested by funds: $3.66B → $2.76B (-$900M)
35% less call options, than puts
Call options by funds: $1.21M | Put options by funds: $1.87M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$36.8M |
| 2 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$25.2M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$18.6M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
+$17.3M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$12.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
-$48.9M |
| 2 |
Lazard Asset Management
New York
|
-$35.2M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$22.5M |
| 4 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$20.4M |
| 5 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
-$18.3M |
KMT Hedge Fund Activity: Q4 2018 in Review
263 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q4 2018, worth a combined $2.76B — down 25% from $3.66B a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of KMT and 40 opened new positions — a net loss of 1 holder — while 91 trimmed existing stakes and 84 added.
The largest buyer was Invesco, adding an estimated $36.8M. The largest seller was Appaloosa LP, cutting an estimated $48.9M.
- 263 institutional investors held Kennametal (KMT) as of Q4 2018, down from 265 in Q3 2018.
- Funds reported $2.76B of Kennametal stock for Q4 2018, down 25% quarter-over-quarter.
- 40 funds opened new Kennametal positions in Q4 2018 and 41 closed out, a net change of -1 holder.
- The largest Kennametal buyer in Q4 2018 was Invesco, an estimated $36.8M added.
- The largest Kennametal seller in Q4 2018 was Appaloosa LP, an estimated $48.9M sold.
Based on aggregated 13F filings for Q4 2018.