Kennametal
222 hedge funds and large institutions have $2B invested in Kennametal in 2015 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 94 increasing their positions, 69 reducing their positions, and 39 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
36% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 69
1.73% more ownership
Funds ownership: 99.38% → 101.11% (+1.7%)
7% less funds holding
Funds holding: 239 → 222 (-17)
26% less capital invested
Capital invested by funds: $2.68B → $2B (-$685M)
41% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 39
69% less call options, than puts
Call options by funds: $3.02M | Put options by funds: $9.82M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Ariel Investments
Chicago,
Illinois
|
+$41.9M |
| 2 |
CC
Carlson Capital
Dallas,
Texas
|
+$29.9M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$15.7M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$15.5M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$12.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$26.9M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$22M |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$17.8M |
| 4 |
RA
Royce & Associates
New York
|
-$15.5M |
| 5 |
SCM
Snow Capital Management
Sewickley,
Pennsylvania
|
-$13.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MWP
251
Moller Wealth Partners
| – | -$205K | -6,000 | Closed |
|
|
RMCM
252
Reynders McVeigh Capital Management
Boston,
Massachusetts
| – | -$205K | -6,000 | Closed |
|
|
RCM
253
Rotella Capital Management
Bellevue,
Washington
| – | -$202K | -5,926 | Closed |
|
|
RW
254
Rand Wealth
Baltimore,
Maryland
| – | -$200K | -5,870 | Closed |
|
255
Parallax Volatility Advisers
San Francisco,
California
| – | -$51K | -1,508 | Closed |
|
256
BNP Paribas Financial Markets
Paris,
France
| – | -$45.2K | -1,326 | Closed |
|
|
FNYS
257
First New York Securities
New York
| – | -$23.9K | -700 | Closed |
|
|
FCM
258
Frontier Capital Management
Boston,
Massachusetts
| – | -$17K | -498 | Closed |
|
|
MA
259
MCF Advisors
Covington,
Kentucky
| – | -$6K | -167 | Closed |
|
KMT Hedge Fund Activity: Q3 2015 in Review
222 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q3 2015, worth a combined $2B — down 26% from $2.68B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of KMT and 23 opened new positions — a net loss of 16 holders — while 69 trimmed existing stakes and 94 added.
The largest buyer was Ariel Investments, adding an estimated $41.9M. The largest seller was Franklin Resources, cutting an estimated $26.9M.
- 222 institutional investors held Kennametal (KMT) as of Q3 2015, down from 239 in Q2 2015.
- Funds reported $2B of Kennametal stock for Q3 2015, down 26% quarter-over-quarter.
- 23 funds opened new Kennametal positions in Q3 2015 and 39 closed out, a net change of -16 holders.
- The largest Kennametal buyer in Q3 2015 was Ariel Investments, an estimated $41.9M added.
- The largest Kennametal seller in Q3 2015 was Franklin Resources, an estimated $26.9M sold.
Based on aggregated 13F filings for Q3 2015.