Kennametal
216 hedge funds and large institutions have $3.17B invested in Kennametal in 2020 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 65 increasing their positions, 81 reducing their positions, and 21 closing their positions.
62% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 21
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
26% more capital invested
Capital invested by funds: $2.51B → $3.17B (+$660M)
14% more call options, than puts
Call options by funds: $3.21M | Put options by funds: $2.82M
5% more funds holding
Funds holding: 205 → 216 (+11)
1.05% more ownership
Funds ownership: 104.21% → 105.25% (+1%)
20% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 81
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$44M |
| 2 |
BlackRock
New York
|
+$23.3M |
| 3 |
Lazard Asset Management
New York
|
+$13.7M |
| 4 |
Millennium Management
New York
|
+$9.29M |
| 5 |
CM
Castleark Management
Chicago,
Illinois
|
+$6.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
-$15.1M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$14.3M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$8.88M |
| 4 |
Goldman Sachs
New York
|
-$7.32M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$5.88M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SM
226
Sciencast Management
Princeton,
New Jersey
| – | -$357K | -10,300 | Closed |
|
|
VF
227
Virtu Financial
New York
| – | -$270K | -9,334 | Closed |
|
228
First Trust Advisors
Wheaton,
Illinois
| – | -$262K | -9,064 | Closed |
|
|
PG
229
Pendal Group
Sydney,
Australia
| – | -$239K | -8,255 | Closed |
|
|
RJA
230
Raymond James & Associates
St Petersburg,
Florida
| – | -$226K | -7,797 | Closed |
|
|
ZCA
231
Zeke Capital Advisors
Berwyn,
Pennsylvania
| – | -$205K | -7,098 | Closed |
|
232
Point72 Asset Management
Stamford,
Connecticut
| – | -$31K | -1,081 | Closed |
|
|
BFEC
233
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$15K | -517 | Closed |
|
|
MAM
234
Meeder Asset Management
Dublin,
Ohio
| – | -$137 | -4 | -44% |
|
KMT Hedge Fund Activity: Q4 2020 in Review
216 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q4 2020, worth a combined $3.17B — up 26% from $2.51B a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new KMT positions and 21 closed out — a net gain of 13 holders — while 65 added to existing stakes and 81 trimmed.
The largest buyer was Waddell & Reed Financial, opening a new position worth an estimated $44M. The largest seller was Nuveen, cutting an estimated $15.1M.
- 216 institutional investors held Kennametal (KMT) as of Q4 2020, up from 205 in Q3 2020.
- Funds reported $3.17B of Kennametal stock for Q4 2020, up 26% quarter-over-quarter.
- 34 funds opened new Kennametal positions in Q4 2020 and 21 closed out, a net change of +13 holders.
- The largest Kennametal buyer in Q4 2020 was Waddell & Reed Financial, an estimated $44M added.
- The largest Kennametal seller in Q4 2020 was Nuveen, an estimated $15.1M sold.
Based on aggregated 13F filings for Q4 2020.