Kennametal
234 hedge funds and large institutions have $2.04B invested in Kennametal in 2024 Q1 according to their latest regulatory filings, with 39 funds opening new positions, 79 increasing their positions, 81 reducing their positions, and 27 closing their positions.
44% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 27
40% more call options, than puts
Call options by funds: $3.7M | Put options by funds: $2.65M
4% more funds holding
Funds holding: 225 → 234 (+9)
2% less repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 81
4.48% less ownership
Funds ownership: 107.44% → 102.96% (-4.5%)
8% less capital invested
Capital invested by funds: $2.21B → $2.04B (-$170M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIP
Brandes Investment Partners
La Jolla,
California
|
+$20.6M |
| 2 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$9.47M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$9.04M |
| 4 |
ACM
Azarias Capital Management
Berwyn,
Pennsylvania
|
+$4.73M |
| 5 |
D.E. Shaw & Co
New York
|
+$4.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$29.9M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$28.1M |
| 3 |
BlackRock
New York
|
-$8.54M |
| 4 |
Man Group
London,
United Kingdom
|
-$8.39M |
| 5 |
Goldman Sachs
New York
|
-$5.53M |
KMT Hedge Fund Activity: Q1 2024 in Review
234 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q1 2024, worth a combined $2.04B — down 7.7% from $2.21B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new KMT positions and 27 closed out — a net gain of 12 holders — while 79 added to existing stakes and 81 trimmed.
The largest buyer was Brandes Investment Partners, adding an estimated $20.6M. The largest seller was Morgan Stanley, cutting an estimated $29.9M.
- 234 institutional investors held Kennametal (KMT) as of Q1 2024, up from 225 in Q4 2023.
- Funds reported $2.04B of Kennametal stock for Q1 2024, down 7.7% quarter-over-quarter.
- 39 funds opened new Kennametal positions in Q1 2024 and 27 closed out, a net change of +12 holders.
- The largest Kennametal buyer in Q1 2024 was Brandes Investment Partners, an estimated $20.6M added.
- The largest Kennametal seller in Q1 2024 was Morgan Stanley, an estimated $29.9M sold.
Based on aggregated 13F filings for Q1 2024.