Kennametal
218 hedge funds and large institutions have $1.51B invested in Kennametal in 2015 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 83 increasing their positions, 68 reducing their positions, and 39 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 68
5% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 39
2% less funds holding
Funds holding: 222 → 218 (-4)
2.09% less ownership
Funds ownership: 101.11% → 99.02% (-2.1%)
24% less capital invested
Capital invested by funds: $2B → $1.51B (-$488M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
71% less call options, than puts
Call options by funds: $2.27M | Put options by funds: $7.75M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$44.5M |
| 2 |
AI
Ariel Investments
Chicago,
Illinois
|
+$25.6M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$21.9M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$15.2M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
+$14.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$69.9M |
| 2 |
SCM
Snow Capital Management
Sewickley,
Pennsylvania
|
-$51.9M |
| 3 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$36M |
| 4 |
CC
Carlson Capital
Dallas,
Texas
|
-$22M |
| 5 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$18.9M |
KMT Hedge Fund Activity: Q4 2015 in Review
218 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q4 2015, worth a combined $1.51B — down 24% from $2B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of KMT and 37 opened new positions — a net loss of 2 holders — while 68 trimmed existing stakes and 83 added.
The largest buyer was Fidelity Investments, opening a new position worth an estimated $44.5M. The largest seller was Royce & Associates, cutting an estimated $69.9M.
- 218 institutional investors held Kennametal (KMT) as of Q4 2015, down from 222 in Q3 2015.
- Funds reported $1.51B of Kennametal stock for Q4 2015, down 24% quarter-over-quarter.
- 37 funds opened new Kennametal positions in Q4 2015 and 39 closed out, a net change of -2 holders.
- The largest Kennametal buyer in Q4 2015 was Fidelity Investments, an estimated $44.5M added.
- The largest Kennametal seller in Q4 2015 was Royce & Associates, an estimated $69.9M sold.
Based on aggregated 13F filings for Q4 2015.