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Kennametal
KMT

244 hedge funds and large institutions have $3.35B invested in Kennametal in 2014 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 83 increasing their positions, 82 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 22

2% more funds holding

Funds holding: 240 → 244 (+4)

4% more call options, than puts

Call options by funds: $386K | Put options by funds: $372K

1% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 82

1.57% less ownership

Funds ownership: 97.87% → 96.3% (-1.6%)

16% less capital invested

Capital invested by funds: $3.99B → $3.35B (-$643M)

60% less funds holding in top 10

Funds holding in top 10: 5 → 2 (-3)

Holders
244
Holders Change
+4
Holders Change %
+1.67%
% of All Funds
7.05%
Holding in Top 10
2
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-60%
% of All Funds
0.06%
New
28
Increased
83
Reduced
82
Closed
22
Calls
$386K
Puts
$372K
Net Calls
+$14K
Net Calls Change
-$300K

Top Buyers

1
Artisan Partners
Artisan Partners
Wisconsin
+$121M
2
Invesco
Invesco
Georgia
+$50.4M
3
HCM
Highline Capital Management
New York
+$44.3M
4
TCM
TimesSquare Capital Management
New York
+$42M
5
MCM
Munder Capital Management
Michigan
+$18.3M

Top Sellers

1
PIM
Perkins Investment Management
Illinois
-$109M
2
SB
Suntrust Banks
Georgia
-$40.4M
3
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$39.4M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$37.5M
5
Millennium Management
Millennium Management
New York
-$35M
Name Holding Trade Value Shares
Change 		Change in
Stake
CWAM
1
Columbia Wanger Asset Management
Illinois
$230M -$687K -15,000 -0.3%
Vanguard Group
2
Vanguard Group
Pennsylvania
$195M +$7.87M +171,875 +4%
RA
3
Royce & Associates
New York
$173M -$16.9M -368,178 -9%
JHIU
4
Janus Henderson Investors US
Colorado
$144M -$772K -16,857 -0.5%
Harris Associates
5
Harris Associates
Illinois
$131M +$2.01M +44,000 +2%
Artisan Partners
6
Artisan Partners
Wisconsin
$117M +$121M +2,640,924 New
Goldman Sachs
7
Goldman Sachs
New York
$116M -$1.57M -34,304 -1%
Allianz Asset Management
8
Allianz Asset Management
Germany
$105M -$1.57M -34,300 -1%
State Street
9
State Street
Massachusetts
$97.9M -$286K -6,241 -0.3%
BIT
10
BlackRock Institutional Trust
California
$95.2M +$1.6M +34,917 +2%
BFA
11
BlackRock Fund Advisors
California
$89.6M -$6.57M -143,426 -7%
Invesco
12
Invesco
Georgia
$86.7M +$50.4M +1,101,320 +129%
FMI
13
Fiduciary Management Inc
Wisconsin
$85.9M -$626K -13,675 -0.7%
SCM
14
Snow Capital Management
Pennsylvania
$83M +$10.9M +238,674 +15%
Franklin Resources
15
Franklin Resources
California
$78.6M +$16.9M +370,065 +26%
Victory Capital Management
16
Victory Capital Management
Texas
$72.2M -$391K -8,550 -0.5%
TAM
17
Tocqueville Asset Management
New York
$65.6M -$11.4K -250 -0%
TCIM
18
TIAA CREF Investment Management
New York
$63.1M -$34.7M -757,428 -35%
AllianceBernstein
19
AllianceBernstein
Tennessee
$54.8M -$783K -17,101 -1%
Massachusetts Financial Services
20
Massachusetts Financial Services
Massachusetts
$53M -$39.4M -860,834 -42%
GIM
21
Granahan Investment Management
Massachusetts
$50.6M +$764K +16,700 +1%
Brown Advisory
22
Brown Advisory
Maryland
$47.3M +$898K +19,615 +2%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$44.3M -$32.2M -702,735 -41%
HCM
24
Highline Capital Management
New York
$42.9M +$44.3M +968,400 New
Canada Life
25
Canada Life
Manitoba, Canada
$41.5M +$5.03M +109,783 +13%
1
2 3 4 5

KMT Hedge Fund Activity: Q1 2014 in Review

244 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q1 2014, worth a combined $3.35B — down 16% from $3.99B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new KMT positions and 22 closed out — a net gain of 6 holders — while 83 added to existing stakes and 82 trimmed.

The largest buyer was Artisan Partners, opening a new position worth an estimated $121M. The largest seller was Perkins Investment Management, cutting an estimated $109M.

  • 244 institutional investors held Kennametal (KMT) as of Q1 2014, up from 240 in Q4 2013.
  • Funds reported $3.35B of Kennametal stock for Q1 2014, down 16% quarter-over-quarter.
  • 28 funds opened new Kennametal positions in Q1 2014 and 22 closed out, a net change of +6 holders.
  • The largest Kennametal buyer in Q1 2014 was Artisan Partners, an estimated $121M added.
  • The largest Kennametal seller in Q1 2014 was Perkins Investment Management, an estimated $109M sold.

Based on aggregated 13F filings for Q1 2014.