Kennametal
250 hedge funds and large institutions have $3.51B invested in Kennametal in 2013 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 84 increasing their positions, 83 reducing their positions, and 20 closing their positions.
85% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 20
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
21% more capital invested
Capital invested by funds: $2.89B → $3.51B (+$613M)
13% more call options, than puts
Call options by funds: $1.11M | Put options by funds: $976K
6% more funds holding
Funds holding: 236 → 250 (+14)
3.61% more ownership
Funds ownership: 94.64% → 98.25% (+3.6%)
1% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 83
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$27.6M |
| 2 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$26M |
| 3 |
Teacher Retirement System of Texas
Austin,
Texas
|
+$25.3M |
| 4 |
TCIM
TIAA CREF Investment Management
New York
|
+$19.3M |
| 5 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
+$19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KeyBank National Association
Cleveland,
Ohio
|
-$70.8M |
| 2 |
KI
Kalmar Investments
Greenville,
Delaware
|
-$36.1M |
| 3 |
RA
Royce & Associates
New York
|
-$16.1M |
| 4 |
TAM
Third Avenue Management
New York
|
-$11.9M |
| 5 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
-$8.98M |
KMT Hedge Fund Activity: Q3 2013 in Review
250 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q3 2013, worth a combined $3.51B — up 21% from $2.89B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new KMT positions and 20 closed out — a net gain of 17 holders — while 84 added to existing stakes and 83 trimmed.
The largest buyer was Fidelity Investments, opening a new position worth an estimated $27.6M. The largest seller was KeyBank National Association, cutting an estimated $70.8M.
- 250 institutional investors held Kennametal (KMT) as of Q3 2013, up from 236 in Q2 2013.
- Funds reported $3.51B of Kennametal stock for Q3 2013, up 21% quarter-over-quarter.
- 37 funds opened new Kennametal positions in Q3 2013 and 20 closed out, a net change of +17 holders.
- The largest Kennametal buyer in Q3 2013 was Fidelity Investments, an estimated $27.6M added.
- The largest Kennametal seller in Q3 2013 was KeyBank National Association, an estimated $70.8M sold.
Based on aggregated 13F filings for Q3 2013.