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Kennametal

240 hedge funds and large institutions have $2.21B invested in Kennametal in 2024 Q3 according to their latest regulatory filings, with 41 funds opening new positions, 80 increasing their positions, 86 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 24

13% more capital invested

Capital invested by funds: $1.95B → $2.21B (+$258M)

8% more funds holding

Funds holding: 223240 (+17)

4.12% more ownership

Funds ownership: 105.3%109.42% (+4.1%)

7% less repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 86

7% less call options, than puts

Call options by funds: $2.15M | Put options by funds: $2.32M

Holders
240
Holders Change
+17
Holders Change %
+7.62%
% of All Funds
3.45%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
41
Increased
80
Reduced
86
Closed
24
Calls
$2.15M
Puts
$2.32M
Net Calls
-$171K
Net Calls Change
-$2.31M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
26
Bank of America
North Carolina
$9.63M +$2.68M +107,850 +41%
Principal Financial Group
27
Principal Financial Group
Iowa
$9.52M -$517K -20,785 -5%
Arrowstreet Capital
28
Arrowstreet Capital
Massachusetts
$9.17M +$5.2M +209,238 +145%
Renaissance Technologies
29
Renaissance Technologies
New York
$8.18M +$7.84M +315,400 New
Two Sigma Advisers
30
Two Sigma Advisers
New York
$7.75M -$2.97M -119,400 -29%
HA
31
Heartland Advisors
Wisconsin
$7.67M -$7.81M -314,087 -51%
Marshall Wace
32
Marshall Wace
United Kingdom
$6.74M +$5.43M +218,431 +529%
Hotchkis & Wiley Capital Management
33
Hotchkis & Wiley Capital Management
California
$6.71M +$3.77M +151,480 +141%
RhumbLine Advisers
34
RhumbLine Advisers
Massachusetts
$6.49M -$294K -11,835 -5%
ACM
35
Azarias Capital Management
Pennsylvania
$6.34M -$369K -14,828 -6%
JP Morgan Chase
36
JP Morgan Chase
New York
$6.29M +$1.98M +79,547 +49%
GI
37
GAMCO Investors
Connecticut
$6.12M -$9.95K -400 -0.2%
Two Sigma Investments
38
Two Sigma Investments
New York
$6.11M -$792K -31,842 -12%
Ameriprise
39
Ameriprise
Minnesota
$6.06M +$17.7K +712 +0.3%
N
40
Nuveen
North Carolina
$5.79M +$17K +684 +0.3%
Legal & General Group
41
Legal & General Group
United Kingdom
$5.62M +$19.5K +784 +0.4%
IP
42
Interval Partners
New York
$5.52M -$624K -25,082 -11%
Jane Street
43
Jane Street
New York
$4.96M +$2.53M +101,711 +114%
SSA
44
Schonfeld Strategic Advisors
New York
$4.89M -$171K -6,886 -4%
UBS AM
45
UBS AM
Illinois
$4.44M +$59.7K +2,401 +1%
AQR Capital Management
46
AQR Capital Management
Connecticut
$4.44M -$442K -17,767 -9%
VOYA Investment Management
47
VOYA Investment Management
Georgia
$4.4M +$1.25M +50,462 +42%
Public Sector Pension Investment Board (PSP Investments)
48
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$4.29M -$194K -7,800 -5%
Barclays
49
Barclays
United Kingdom
$4.24M +$1.99M +79,992 +96%
ECM
50
ExodusPoint Capital Management
New York
$3.91M +$3.75M +150,629 New

KMT Hedge Fund Activity: Q3 2024 in Review

240 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q3 2024, worth a combined $2.21B — up 13% from $1.95B a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new KMT positions and 24 closed out — a net gain of 17 holders — while 80 added to existing stakes and 86 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $39M. The largest seller was Franklin Resources, exiting entirely with an estimated $22.9M sold.

  • 240 institutional investors held Kennametal (KMT) as of Q3 2024, up from 223 in Q2 2024.
  • Funds reported $2.21B of Kennametal stock for Q3 2024, up 13% quarter-over-quarter.
  • 41 funds opened new Kennametal positions in Q3 2024 and 24 closed out, a net change of +17 holders.
  • The largest Kennametal buyer in Q3 2024 was Wellington Management Group, an estimated $39M added.
  • The largest Kennametal seller in Q3 2024 was Franklin Resources, an estimated $22.9M sold.

Based on aggregated 13F filings for Q3 2024.