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Kennametal
KMT

254 hedge funds and large institutions have $2.41B invested in Kennametal in 2016 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 69 increasing their positions, 99 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 25

83% more call options, than puts

Call options by funds: $9.33M | Put options by funds: $5.08M

10% more capital invested

Capital invested by funds: $2.19B → $2.41B (+$222M)

9% more funds holding

Funds holding: 234 → 254 (+20)

0.39% more ownership

Funds ownership: 96.15% → 96.54% (+0.39%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

30% less repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 99

Holders
254
Holders Change
+20
Holders Change %
+8.55%
% of All Funds
6.35%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
47
Increased
69
Reduced
99
Closed
25
Calls
$9.33M
Puts
$5.08M
Net Calls
+$4.24M
Net Calls Change
-$11.7M

Top Buyers

1
Franklin Resources
Franklin Resources
California
+$39.2M
2
HAI
Hennessy Advisors Inc
California
+$39M
3
Ameriprise
Ameriprise
Minnesota
+$34.7M
4
AL
Appaloosa LP
New Jersey
+$31.7M
5
MFIMFI
Mesirow Financial Investment Management - Fixed Income
Illinois
+$21.1M

Top Sellers

1
AI
Ariel Investments
Illinois
-$64.6M
2
Artisan Partners
Artisan Partners
Wisconsin
-$61.4M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
-$21.4M
4
SAM
Scopus Asset Management
New York
-$19.9M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$19.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Advisers
76
Two Sigma Advisers
New York
$4.73M +$2.04M +64,974 +75%
Susquehanna International Group
77
Susquehanna International Group
Pennsylvania
$4.68M +$4.7M +149,631 New
Barrow, Hanley, Mewhinney & Strauss
78
Barrow, Hanley, Mewhinney & Strauss
Texas
$4.38M -$16.6K -527 -0.4%
Swiss National Bank
79
Swiss National Bank
Switzerland
$4.09M +$126K +4,000 +3%
BCM
80
BlueCrest Capital Management
Jersey
$4.08M -$4.32M -137,440 -51%
Connor, Clark & Lunn Investment Management (CC&L)
81
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$4.08M -$3.64M -115,795 -47%
MLICM
82
Metropolitan Life Insurance Company (MetLife)
New York
$4.01M -$5.34K -170 -0.1%
AllianceBernstein
83
AllianceBernstein
Tennessee
$4M -$1.26K -40 -0%
New York State Teachers Retirement System (NYSTRS)
84
New York State Teachers Retirement System (NYSTRS)
New York
$3.94M – – –
CAM
85
Cortina Asset Management
Wisconsin
$3.94M -$1.28M -40,763 -24%
SBH
86
Segall Bryant & Hamill
Illinois
$3.85M -$6.47M -206,030 -63%
CB
87
Cooke & Bieler
Pennsylvania
$3.7M -$4.14M -131,850 -53%
Citigroup
88
Citigroup
New York
$3.61M +$2.73M +86,951 +303%
SDIC
89
South Dakota Investment Council
South Dakota
$3.34M -$854K -27,200 -20%
LAM
90
Lapides Asset Management
Connecticut
$3.27M -$977K -31,100 -23%
Retirement Systems of Alabama
91
Retirement Systems of Alabama
Alabama
$3.23M +$16.2K +515 +0.5%
CS
92
Credit Suisse
Switzerland
$3.23M +$31.4K +1,000 +1%
Legal & General Group
93
Legal & General Group
United Kingdom
$3.2M +$1.09M +34,773 +51%
HCM
94
Highbridge Capital Management
New York
$3.15M +$1.4M +44,571 +79%
VIA
95
Vident Investment Advisory
Georgia
$3.12M +$146K +4,658 +5%
HS
96
HighVista Strategies
Massachusetts
$3M +$3.02M +96,100 New
Canada Pension Plan Investment Board
97
Canada Pension Plan Investment Board
Ontario, Canada
$2.51M -$2.69M -85,700 -52%
USAA
98
United Services Automobile Association
Texas
$2.49M – – –
Jacobs Levy Equity Management
99
Jacobs Levy Equity Management
New Jersey
$2.46M – – –
Comerica Bank
100
Comerica Bank
Texas
$2.38M +$101K +3,205 +5%
2 3
4
5 6

KMT Hedge Fund Activity: Q4 2016 in Review

254 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q4 2016, worth a combined $2.41B — up 10% from $2.19B a quarter earlier.

Buyers outnumbered sellers: 47 funds opened new KMT positions and 25 closed out — a net gain of 22 holders — while 69 added to existing stakes and 99 trimmed.

The largest buyer was Franklin Resources, adding an estimated $39.2M. The largest seller was Ariel Investments, cutting an estimated $64.6M.

  • 254 institutional investors held Kennametal (KMT) as of Q4 2016, up from 234 in Q3 2016.
  • Funds reported $2.41B of Kennametal stock for Q4 2016, up 10% quarter-over-quarter.
  • 47 funds opened new Kennametal positions in Q4 2016 and 25 closed out, a net change of +22 holders.
  • The largest Kennametal buyer in Q4 2016 was Franklin Resources, an estimated $39.2M added.
  • The largest Kennametal seller in Q4 2016 was Ariel Investments, an estimated $64.6M sold.

Based on aggregated 13F filings for Q4 2016.