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Kennametal
KMT

246 hedge funds and large institutions have $3.04B invested in Kennametal in 2019 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 74 increasing their positions, 95 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

168% more call options, than puts

Call options by funds: $5.38M | Put options by funds: $2.01M

0% more capital invested

Capital invested by funds: $3.03B → $3.04B (+$9.48M)

0.48% less ownership

Funds ownership: 100.24% → 99.76% (-0.48%)

7% less funds holding

Funds holding: 264 → 246 (-18)

22% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 95

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

33% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 43

Holders
246
Holders Change
-18
Holders Change %
-6.82%
% of All Funds
5.34%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
29
Increased
74
Reduced
95
Closed
43
Calls
$5.38M
Puts
$2.01M
Net Calls
+$3.38M
Net Calls Change
+$2.69M

Top Buyers

1
AllianceBernstein
AllianceBernstein
Tennessee
+$61.7M
2
Goldman Sachs
Goldman Sachs
New York
+$54.8M
3
Adage Capital Partners
Adage Capital Partners
Massachusetts
+$25M
4
N
Nuveen
North Carolina
+$21.8M
5
AQR Capital Management
AQR Capital Management
Connecticut
+$20.4M

Top Sellers

1
Lazard Asset Management
Lazard Asset Management
New York
-$106M
2
Victory Capital Management
Victory Capital Management
Texas
-$66.6M
3
Allianz Asset Management
Allianz Asset Management
Germany
-$14M
4
Renaissance Technologies
Renaissance Technologies
New York
-$11.9M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$11.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
SDIC
76
South Dakota Investment Council
South Dakota
$3.08M – – –
Los Angeles Capital Management
77
Los Angeles Capital Management
California
$3.05M -$2.2M -60,498 -42%
Squarepoint
78
Squarepoint
New York
$3.05M +$2.27M +62,500 +314%
CEP
79
Chicago Equity Partners
Illinois
$3.01M +$1.07M +29,570 +57%
Daiwa Securities Group
80
Daiwa Securities Group
Japan
$2.85M -$279K -7,700 -9%
MOACM
81
Mutual of America Capital Management
New York
$2.71M +$32.4K +894 +1%
GC
82
Guggenheim Capital
Illinois
$2.42M +$68.4K +1,884 +3%
Comerica Bank
83
Comerica Bank
Texas
$2.33M -$195K -5,386 -7%
AIM
84
Atlantic Investment Management
New York
$2.28M +$2.23M +61,591 New
ASRS
85
Arizona State Retirement System
Arizona
$2.21M +$27.1K +748 +1%
Renaissance Technologies
86
Renaissance Technologies
New York
$2.1M -$11.9M -328,600 -85%
CAM
87
Congress Asset Management
Massachusetts
$2.1M – – –
MAP
88
Moody Aldrich Partners
Massachusetts
$2.08M -$2.09M -57,563 -51%
TPSF
89
Texas Permanent School Fund
Texas
$2.07M +$2.9K +80 +0.1%
State Board of Administration of Florida Retirement System
90
State Board of Administration of Florida Retirement System
Florida
$1.96M – – –
T. Rowe Price Associates
91
T. Rowe Price Associates
Maryland
$1.92M +$7.58K +209 +0.4%
UM
92
Ulysses Management
New York
$1.85M +$1.81M +50,000 New
AIP
93
Ameritas Investment Partners
Nebraska
$1.84M – – –
Canada Life
94
Canada Life
Manitoba, Canada
$1.78M -$81.6K -2,250 -4%
Federated Hermes
95
Federated Hermes
Pennsylvania
$1.77M -$1.4M -38,482 -45%
Ohio Public Employees Retirement System (OPERS)
96
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.75M -$97.4K -2,684 -5%
MLICM
97
Metropolitan Life Insurance Company (MetLife)
New York
$1.74M +$1.71K +47 +0.1%
Tudor Investment Corp
98
Tudor Investment Corp
Connecticut
$1.72M +$1.13M +31,152 +205%
MSA
99
Mason Street Advisors
Wisconsin
$1.62M +$6.71K +185 +0.4%
D.E. Shaw & Co
100
D.E. Shaw & Co
New York
$1.48M +$1.11M +30,504 +322%
2 3
4
5 6

KMT Hedge Fund Activity: Q2 2019 in Review

246 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q2 2019, worth a combined $3.04B — up 0.31% from $3.03B a quarter earlier.

Sellers outnumbered buyers: 43 funds closed out of KMT and 29 opened new positions — a net loss of 14 holders — while 95 trimmed existing stakes and 74 added.

The largest buyer was AllianceBernstein, adding an estimated $61.7M. The largest seller was Lazard Asset Management, cutting an estimated $106M.

  • 246 institutional investors held Kennametal (KMT) as of Q2 2019, down from 264 in Q1 2019.
  • Funds reported $3.04B of Kennametal stock for Q2 2019, up 0.31% quarter-over-quarter.
  • 29 funds opened new Kennametal positions in Q2 2019 and 43 closed out, a net change of -14 holders.
  • The largest Kennametal buyer in Q2 2019 was AllianceBernstein, an estimated $61.7M added.
  • The largest Kennametal seller in Q2 2019 was Lazard Asset Management, an estimated $106M sold.

Based on aggregated 13F filings for Q2 2019.