Kennametal
223 hedge funds and large institutions have $2.46B invested in Kennametal in 2023 Q2 according to their latest regulatory filings, with 50 funds opening new positions, 73 increasing their positions, 66 reducing their positions, and 17 closing their positions.
7,114% more call options, than puts
Call options by funds: $7.29M | Put options by funds: $101K
194% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 17
17% more funds holding
Funds holding: 190 → 223 (+33)
11% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 66
1.33% more ownership
Funds ownership: 106.76% → 108.09% (+1.3%)
4% more capital invested
Capital invested by funds: $2.37B → $2.46B (+$86M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$41.1M |
| 2 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$10.3M |
| 3 |
Two Sigma Investments
New York
|
+$8.3M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$6.94M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$5.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$43.9M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$22.8M |
| 3 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$16.2M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$13.2M |
| 5 |
AI
Ariel Investments
Chicago,
Illinois
|
-$8.31M |
KMT Hedge Fund Activity: Q2 2023 in Review
223 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q2 2023, worth a combined $2.46B — up 3.6% from $2.37B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new KMT positions and 17 closed out — a net gain of 33 holders — while 73 added to existing stakes and 66 trimmed.
The largest buyer was Millennium Management, adding an estimated $41.1M. The largest seller was Wellington Management Group, cutting an estimated $43.9M.
- 223 institutional investors held Kennametal (KMT) as of Q2 2023, up from 190 in Q1 2023.
- Funds reported $2.46B of Kennametal stock for Q2 2023, up 3.6% quarter-over-quarter.
- 50 funds opened new Kennametal positions in Q2 2023 and 17 closed out, a net change of +33 holders.
- The largest Kennametal buyer in Q2 2023 was Millennium Management, an estimated $41.1M added.
- The largest Kennametal seller in Q2 2023 was Wellington Management Group, an estimated $43.9M sold.
Based on aggregated 13F filings for Q2 2023.