Kennametal
244 hedge funds and large institutions have $3.35B invested in Kennametal in 2014 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 83 increasing their positions, 82 reducing their positions, and 22 closing their positions.
27% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 22
2% more funds holding
Funds holding: 240 → 244 (+4)
4% more call options, than puts
Call options by funds: $386K | Put options by funds: $372K
1% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 82
1.57% less ownership
Funds ownership: 97.87% → 96.3% (-1.6%)
16% less capital invested
Capital invested by funds: $3.99B → $3.35B (-$643M)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$121M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$50.4M |
| 3 |
HCM
Highline Capital Management
New York
|
+$44.3M |
| 4 |
TCM
TimesSquare Capital Management
New York
|
+$42M |
| 5 |
MCM
Munder Capital Management
Birmingham,
Michigan
|
+$18.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
-$109M |
| 2 |
SB
Suntrust Banks
Atlanta,
Georgia
|
-$40.4M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$39.4M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$37.5M |
| 5 |
Millennium Management
New York
|
-$35M |
KMT Hedge Fund Activity: Q1 2014 in Review
244 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q1 2014, worth a combined $3.35B — down 16% from $3.99B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new KMT positions and 22 closed out — a net gain of 6 holders — while 83 added to existing stakes and 82 trimmed.
The largest buyer was Artisan Partners, opening a new position worth an estimated $121M. The largest seller was Perkins Investment Management, cutting an estimated $109M.
- 244 institutional investors held Kennametal (KMT) as of Q1 2014, up from 240 in Q4 2013.
- Funds reported $3.35B of Kennametal stock for Q1 2014, down 16% quarter-over-quarter.
- 28 funds opened new Kennametal positions in Q1 2014 and 22 closed out, a net change of +6 holders.
- The largest Kennametal buyer in Q1 2014 was Artisan Partners, an estimated $121M added.
- The largest Kennametal seller in Q1 2014 was Perkins Investment Management, an estimated $109M sold.
Based on aggregated 13F filings for Q1 2014.