Kennametal
244 hedge funds and large institutions have $2.48B invested in Kennametal in 2019 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 84 increasing their positions, 83 reducing their positions, and 35 closing their positions.
1% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 83
1% less funds holding
Funds holding: 246 → 244 (-2)
3% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 35
2.28% less ownership
Funds ownership: 99.76% → 97.48% (-2.3%)
18% less capital invested
Capital invested by funds: $3.04B → $2.48B (-$557M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
37% less call options, than puts
Call options by funds: $3.73M | Put options by funds: $5.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$24.9M |
| 2 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
+$22.3M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$22.2M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$12.9M |
| 5 |
Goldman Sachs
New York
|
+$11.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$81.9M |
| 2 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$34.3M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$21.4M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
-$18.5M |
| 5 |
William Blair Investment Management
Chicago,
Illinois
|
-$16.1M |
KMT Hedge Fund Activity: Q3 2019 in Review
244 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q3 2019, worth a combined $2.48B — down 18% from $3.04B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of KMT and 34 opened new positions — a net loss of 1 holder — while 83 trimmed existing stakes and 84 added.
The largest buyer was AllianceBernstein, adding an estimated $24.9M. The largest seller was Lazard Asset Management, cutting an estimated $81.9M.
- 244 institutional investors held Kennametal (KMT) as of Q3 2019, down from 246 in Q2 2019.
- Funds reported $2.48B of Kennametal stock for Q3 2019, down 18% quarter-over-quarter.
- 34 funds opened new Kennametal positions in Q3 2019 and 35 closed out, a net change of -1 holder.
- The largest Kennametal buyer in Q3 2019 was AllianceBernstein, an estimated $24.9M added.
- The largest Kennametal seller in Q3 2019 was Lazard Asset Management, an estimated $81.9M sold.
Based on aggregated 13F filings for Q3 2019.