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Kennametal
KMT

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
250
Holders Change
+14
Holders Change %
+5.93%
% of All Funds
8.11%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.13%
New
37
Increased
84
Reduced
83
Closed
20
Calls
$1.11M
Puts
$976K
Net Calls
+$131K
Net Calls Change
-$288K

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$27.6M
2
ACH
ArrowMark Colorado Holdings
Colorado
+$26M
3
Teacher Retirement System of Texas
Teacher Retirement System of Texas
Texas
+$25.3M
4
TCIM
TIAA CREF Investment Management
New York
+$19.3M
5
PIM
Perkins Investment Management
Illinois
+$19M

Top Sellers

1
KeyBank National Association
KeyBank National Association
Ohio
-$70.8M
2
KI
Kalmar Investments
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
New York
-$8.98M
Name Holding Trade Value Shares
Change 		Change in
Stake
CWAM
1
Columbia Wanger Asset Management
Illinois
$244M – – –
RA
2
Royce & Associates
New York
$191M -$16.1M -370,717 -8%
Vanguard Group
3
Vanguard Group
Pennsylvania
$185M +$2.45M +56,357 +1%
JHIU
4
Janus Henderson Investors US
Colorado
$145M +$4.57M +105,136 +3%
Goldman Sachs
5
Goldman Sachs
New York
$144M +$4.1M +94,295 +3%
PIM
6
Perkins Investment Management
Illinois
$133M +$19M +437,053 +18%
Harris Associates
7
Harris Associates
Illinois
$132M – – –
Allianz Asset Management
8
Allianz Asset Management
Germany
$109M +$682K +15,700 +0.7%
State Street
9
State Street
Massachusetts
$103M -$2.39M -55,005 -2%
Massachusetts Financial Services
10
Massachusetts Financial Services
Massachusetts
$93.4M +$4.5M +103,501 +5%
BIT
11
BlackRock Institutional Trust
California
$91.7M -$4.15M -95,529 -5%
FMI
12
Fiduciary Management Inc
Wisconsin
$90.2M +$1.11M +25,585 +1%
BFA
13
BlackRock Fund Advisors
California
$87.5M +$2.25M +51,726 +3%
Victory Capital Management
14
Victory Capital Management
Texas
$86.6M +$82.5M +1,899,100 New
SCM
15
Snow Capital Management
Pennsylvania
$75.4M +$13.4M +308,040 +23%
TAM
16
Tocqueville Asset Management
New York
$67.5M +$1.75M +40,300 +3%
Franklin Resources
17
Franklin Resources
California
$66.4M -$794K -18,285 -1%
Wellington Management Group
18
Wellington Management Group
Massachusetts
$65.8M +$7.93M +182,630 +14%
SB
19
Suntrust Banks
Georgia
$65.5M -$7.33M -168,726 -11%
TCIM
20
TIAA CREF Investment Management
New York
$58.4M +$19.3M +444,323 +53%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$45.5M +$2.18M +50,180 +5%
Invesco
22
Invesco
Georgia
$45.3M -$233K -5,368 -0.5%
Brown Advisory
23
Brown Advisory
Maryland
$44.5M +$3.83M +88,117 +10%
GIM
24
Granahan Investment Management
Massachusetts
$39.5M +$7.28M +167,563 +24%
TAM
25
Third Avenue Management
New York
$38.8M -$11.9M -273,360 -24%
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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.