Kennametal
270 hedge funds and large institutions have $3.43B invested in Kennametal in 2018 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 92 increasing their positions, 98 reducing their positions, and 46 closing their positions.
162% more call options, than puts
Call options by funds: $29.4M | Put options by funds: $11.2M
4.83% more ownership
Funds ownership: 99.83% → 104.66% (+4.8%)
6% less repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 98
4% less funds holding
Funds holding: 282 → 270 (-12)
12% less capital invested
Capital invested by funds: $3.92B → $3.43B (-$487M)
17% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 46
57% less funds holding in top 10
Funds holding in top 10: 7 → 3 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
+$389M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$50.7M |
| 3 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
+$21.8M |
| 4 |
William Blair Investment Management
Chicago,
Illinois
|
+$17.1M |
| 5 |
Goldman Sachs
New York
|
+$15.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
-$56.1M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$42M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$29.8M |
| 4 |
TA
Teachers Advisors
New York
|
-$28.4M |
| 5 |
Renaissance Technologies
New York
|
-$27.7M |
KMT Hedge Fund Activity: Q1 2018 in Review
270 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q1 2018, worth a combined $3.43B — down 12% from $3.92B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of KMT and 38 opened new positions — a net loss of 8 holders — while 98 trimmed existing stakes and 92 added.
The largest buyer was Lazard Asset Management, opening a new position worth an estimated $389M. The largest seller was American Century Companies, cutting an estimated $56.1M.
- 270 institutional investors held Kennametal (KMT) as of Q1 2018, down from 282 in Q4 2017.
- Funds reported $3.43B of Kennametal stock for Q1 2018, down 12% quarter-over-quarter.
- 38 funds opened new Kennametal positions in Q1 2018 and 46 closed out, a net change of -8 holders.
- The largest Kennametal buyer in Q1 2018 was Lazard Asset Management, an estimated $389M added.
- The largest Kennametal seller in Q1 2018 was American Century Companies, an estimated $56.1M sold.
Based on aggregated 13F filings for Q1 2018.