Kennametal
265 hedge funds and large institutions have $3.66B invested in Kennametal in 2018 Q3 according to their latest regulatory filings, with 50 funds opening new positions, 92 increasing their positions, 81 reducing their positions, and 30 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
67% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 30
17% more capital invested
Capital invested by funds: $3.12B → $3.66B (+$532M)
14% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 81
7% more funds holding
Funds holding: 248 → 265 (+17)
4.24% less ownership
Funds ownership: 106.57% → 102.32% (-4.2%)
13% less call options, than puts
Call options by funds: $2.58M | Put options by funds: $2.97M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$41.8M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$21.5M |
| 3 |
Bank of New York Mellon
New York
|
+$20.6M |
| 4 |
Janus Henderson Group
London,
United Kingdom
|
+$11.9M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$11.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$105M |
| 2 |
Lazard Asset Management
New York
|
-$90.6M |
| 3 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
-$21.1M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$18.1M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$17.4M |
KMT Hedge Fund Activity: Q3 2018 in Review
265 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q3 2018, worth a combined $3.66B — up 17% from $3.12B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new KMT positions and 30 closed out — a net gain of 20 holders — while 92 added to existing stakes and 81 trimmed.
The largest buyer was Burgundy Asset Management, opening a new position worth an estimated $41.8M. The largest seller was AllianceBernstein, cutting an estimated $105M.
- 265 institutional investors held Kennametal (KMT) as of Q3 2018, up from 248 in Q2 2018.
- Funds reported $3.66B of Kennametal stock for Q3 2018, up 17% quarter-over-quarter.
- 50 funds opened new Kennametal positions in Q3 2018 and 30 closed out, a net change of +20 holders.
- The largest Kennametal buyer in Q3 2018 was Burgundy Asset Management, an estimated $41.8M added.
- The largest Kennametal seller in Q3 2018 was AllianceBernstein, an estimated $105M sold.
Based on aggregated 13F filings for Q3 2018.