Kennametal
240 hedge funds and large institutions have $4B invested in Kennametal in 2013 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 73 increasing their positions, 91 reducing their positions, and 35 closing their positions.
55% more call options, than puts
Call options by funds: $881K | Put options by funds: $567K
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
14% more capital invested
Capital invested by funds: $3.51B → $4B (+$486M)
0.38% less ownership
Funds ownership: 98.25% → 97.87% (-0.38%)
4% less funds holding
Funds holding: 250 → 240 (-10)
20% less repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 91
23% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$55.3M |
| 2 |
TCIM
TIAA CREF Investment Management
New York
|
+$42.7M |
| 3 |
Bank of New York Mellon
New York
|
+$33.4M |
| 4 |
Millennium Management
New York
|
+$26.2M |
| 5 |
RIM
Rainier Investment Management
Seattle,
Washington
|
+$20.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Teacher Retirement System of Texas
Austin,
Texas
|
-$35.4M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$34.3M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$28.9M |
| 4 |
SB
Suntrust Banks
Atlanta,
Georgia
|
-$25.7M |
| 5 |
Goldman Sachs
New York
|
-$23.8M |
KMT Hedge Fund Activity: Q4 2013 in Review
240 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q4 2013, worth a combined $4B — up 14% from $3.51B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of KMT and 27 opened new positions — a net loss of 8 holders — while 91 trimmed existing stakes and 73 added.
The largest buyer was AllianceBernstein, adding an estimated $55.3M. The largest seller was Teacher Retirement System of Texas, cutting an estimated $35.4M.
- 240 institutional investors held Kennametal (KMT) as of Q4 2013, down from 250 in Q3 2013.
- Funds reported $4B of Kennametal stock for Q4 2013, up 14% quarter-over-quarter.
- 27 funds opened new Kennametal positions in Q4 2013 and 35 closed out, a net change of -8 holders.
- The largest Kennametal buyer in Q4 2013 was AllianceBernstein, an estimated $55.3M added.
- The largest Kennametal seller in Q4 2013 was Teacher Retirement System of Texas, an estimated $35.4M sold.
Based on aggregated 13F filings for Q4 2013.