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Kennametal
KMT

244 hedge funds and large institutions have $3.35B invested in Kennametal in 2014 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 83 increasing their positions, 82 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 22

2% more funds holding

Funds holding: 240 → 244 (+4)

4% more call options, than puts

Call options by funds: $386K | Put options by funds: $372K

1% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 82

1.57% less ownership

Funds ownership: 97.87% → 96.3% (-1.6%)

16% less capital invested

Capital invested by funds: $3.99B → $3.35B (-$643M)

60% less funds holding in top 10

Funds holding in top 10: 5 → 2 (-3)

Holders
244
Holders Change
+4
Holders Change %
+1.67%
% of All Funds
7.05%
Holding in Top 10
2
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-60%
% of All Funds
0.06%
New
28
Increased
83
Reduced
82
Closed
22
Calls
$386K
Puts
$372K
Net Calls
+$14K
Net Calls Change
-$300K

Top Buyers

1
Artisan Partners
Artisan Partners
Wisconsin
+$121M
2
Invesco
Invesco
Georgia
+$50.4M
3
HCM
Highline Capital Management
New York
+$44.3M
4
TCM
TimesSquare Capital Management
New York
+$42M
5
MCM
Munder Capital Management
Michigan
+$18.3M

Top Sellers

1
PIM
Perkins Investment Management
Illinois
-$109M
2
SB
Suntrust Banks
Georgia
-$40.4M
3
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$39.4M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$37.5M
5
Millennium Management
Millennium Management
New York
-$35M
Name Holding Trade Value Shares
Change 		Change in
Stake
Macquarie Group
76
Macquarie Group
Australia
$5.74M – – –
Millennium Management
77
Millennium Management
New York
$5.34M -$35M -764,455 -86%
TG
78
TCW Group
California
$5.27M -$26.9K -588 -0.5%
Susquehanna International Group
79
Susquehanna International Group
Pennsylvania
$5.13M -$384K -8,396 -7%
State Board of Administration of Florida Retirement System
80
State Board of Administration of Florida Retirement System
Florida
$4.89M -$350K -7,640 -6%
GLA
81
Great Lakes Advisors
Illinois
$4.85M +$3.04M +66,499 +155%
DCM
82
Decatur Capital Management
Georgia
$4.76M – – –
RhumbLine Advisers
83
RhumbLine Advisers
Massachusetts
$4.72M -$21.1K -460 -0.4%
VOYA Investment Management
84
VOYA Investment Management
Georgia
$4.48M +$3.02M +66,045 +188%
GECH
85
Garnet Equity Capital Holdings
New York
$4.43M – – –
AC
86
Ascend Capital
California
$4.43M +$4.58M +100,000 New
Retirement Systems of Alabama
87
Retirement Systems of Alabama
Alabama
$4.29M +$67.4K +1,473 +2%
USAA
88
United Services Automobile Association
Texas
$3.81M +$233K +5,100 +6%
Swiss National Bank
89
Swiss National Bank
Switzerland
$3.76M +$851K +18,600 +28%
Prudential Financial
90
Prudential Financial
New Jersey
$3.66M +$1.52M +33,300 +68%
TPSF
91
Texas Permanent School Fund
Texas
$3.52M -$145K -3,166 -4%
NCM
92
Newland Capital Management
New York
$3.48M +$3.6M +78,565 New
William Blair & Company
93
William Blair & Company
Illinois
$3.28M +$3.39M +73,950 New
Comerica Bank
94
Comerica Bank
Texas
$3.24M +$83.7K +1,829 +3%
CCM
95
Catawba Capital Management
Virginia
$3.17M +$92.5K +2,020 +3%
EA
96
Emerald Advisers
Pennsylvania
$2.98M -$5.54M -120,926 -64%
MLICM
97
Metropolitan Life Insurance Company (MetLife)
New York
$2.91M +$63.5K +1,388 +2%
CS
98
Credit Suisse
Switzerland
$2.87M -$712K -15,547 -19%
TAM
99
THB Asset Management
Connecticut
$2.69M +$1.45M +31,619 +108%
TA
100
Teachers Advisors
New York
$2.63M +$350K +7,638 +15%
2 3
4
5 6

KMT Hedge Fund Activity: Q1 2014 in Review

244 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q1 2014, worth a combined $3.35B — down 16% from $3.99B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new KMT positions and 22 closed out — a net gain of 6 holders — while 83 added to existing stakes and 82 trimmed.

The largest buyer was Artisan Partners, opening a new position worth an estimated $121M. The largest seller was Perkins Investment Management, cutting an estimated $109M.

  • 244 institutional investors held Kennametal (KMT) as of Q1 2014, up from 240 in Q4 2013.
  • Funds reported $3.35B of Kennametal stock for Q1 2014, down 16% quarter-over-quarter.
  • 28 funds opened new Kennametal positions in Q1 2014 and 22 closed out, a net change of +6 holders.
  • The largest Kennametal buyer in Q1 2014 was Artisan Partners, an estimated $121M added.
  • The largest Kennametal seller in Q1 2014 was Perkins Investment Management, an estimated $109M sold.

Based on aggregated 13F filings for Q1 2014.