Kennametal
231 hedge funds and large institutions have $2.73B invested in Kennametal in 2014 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 78 increasing their positions, 77 reducing their positions, and 34 closing their positions.
21% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 34
1% more funds holding
Funds holding: 228 → 231 (+3)
1% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 77
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.52% less ownership
Funds ownership: 98% → 96.48% (-1.5%)
15% less capital invested
Capital invested by funds: $3.2B → $2.73B (-$468M)
39% less call options, than puts
Call options by funds: $515K | Put options by funds: $848K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$75.4M |
| 2 |
GC
Greenlight Capital
New York
|
+$62.2M |
| 3 |
AI
Ariel Investments
Chicago,
Illinois
|
+$49.4M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$28.9M |
| 5 |
AIM
Atlantic Investment Management
New York
|
+$15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$91.1M |
| 2 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$44.6M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$40.6M |
| 4 |
Brown Advisory
Baltimore,
Maryland
|
-$36.7M |
| 5 |
Franklin Resources
San Mateo,
California
|
-$31.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AG
251
Aperio Group
Sausalito,
California
| – | -$323K | -7,810 | Closed |
|
252
AQR Capital Management
Greenwich,
Connecticut
| – | -$318K | -7,700 | Closed |
|
|
IC
253
IKOS CIF
Limassol,
Cyprus
| – | -$302K | -7,027 | Closed |
|
|
PI
254
Placemark Investments
Chicago,
Illinois
| – | -$250K | -6,023 | Closed |
|
|
RW
255
Rand Wealth
Baltimore,
Maryland
| – | -$242K | -5,870 | Closed |
|
256
HighTower Advisors
Chicago,
Illinois
| – | -$230K | -5,567 | Closed |
|
|
JG
257
Jefferies Group
New York
| – | -$226K | -5,480 | Closed |
|
|
ST
258
Somerset Trust
Somerset,
Pennsylvania
| – | -$216K | -5,236 | Closed |
|
|
FCM
259
Frontier Capital Management
Boston,
Massachusetts
| – | -$17K | -420 | Closed |
|
|
PTC
260
Private Trust Company
Cleveland,
Ohio
| – | -$5K | -113 | Closed |
|
|
TRCT
261
Tower Research Capital (TRC)
New York
| – | -$3.47K | -91 | -91% |
|
|
CA
262
CapWealth Advisors
Franklin,
Tennessee
| – | -$2K | -39 | Closed |
|
|
MFS
263
MSI Financial Services
Springfield,
Massachusetts
| – | -$1K | -30 | Closed |
|
|
W
264
Wealthfront
Palo Alto,
California
| – | +$38 | +1 | New |
|
KMT Hedge Fund Activity: Q4 2014 in Review
231 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q4 2014, worth a combined $2.73B — down 15% from $3.2B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new KMT positions and 34 closed out — a net gain of 7 holders — while 78 added to existing stakes and 77 trimmed.
The largest buyer was Artisan Partners, adding an estimated $75.4M. The largest seller was Goldman Sachs, cutting an estimated $91.1M.
- 231 institutional investors held Kennametal (KMT) as of Q4 2014, up from 228 in Q3 2014.
- Funds reported $2.73B of Kennametal stock for Q4 2014, down 15% quarter-over-quarter.
- 41 funds opened new Kennametal positions in Q4 2014 and 34 closed out, a net change of +7 holders.
- The largest Kennametal buyer in Q4 2014 was Artisan Partners, an estimated $75.4M added.
- The largest Kennametal seller in Q4 2014 was Goldman Sachs, an estimated $91.1M sold.
Based on aggregated 13F filings for Q4 2014.