Kennametal
257 hedge funds and large institutions have $3.47B invested in Kennametal in 2014 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 89 increasing their positions, 89 reducing their positions, and 19 closing their positions.
74% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 19
5% more funds holding
Funds holding: 244 → 257 (+13)
3% more capital invested
Capital invested by funds: $3.35B → $3.47B (+$114M)
0% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 89
0.9% less ownership
Funds ownership: 96.3% → 95.39% (-0.9%)
30% less call options, than puts
Call options by funds: $620K | Put options by funds: $889K
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Ariel Investments
Chicago,
Illinois
|
+$65.6M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$31.4M |
| 3 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$22.5M |
| 4 |
CC
Carlson Capital
Dallas,
Texas
|
+$17.1M |
| 5 |
Millennium Management
New York
|
+$15.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
-$131M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
-$28.5M |
| 3 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
-$23.1M |
| 4 |
RA
Royce & Associates
New York
|
-$22M |
| 5 |
TAM
Third Avenue Management
New York
|
-$16.6M |
KMT Hedge Fund Activity: Q2 2014 in Review
257 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q2 2014, worth a combined $3.47B — up 3.4% from $3.35B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new KMT positions and 19 closed out — a net gain of 14 holders — while 89 added to existing stakes and 89 trimmed.
The largest buyer was Ariel Investments, opening a new position worth an estimated $65.6M. The largest seller was Harris Associates, exiting entirely with an estimated $131M sold.
- 257 institutional investors held Kennametal (KMT) as of Q2 2014, up from 244 in Q1 2014.
- Funds reported $3.47B of Kennametal stock for Q2 2014, up 3.4% quarter-over-quarter.
- 33 funds opened new Kennametal positions in Q2 2014 and 19 closed out, a net change of +14 holders.
- The largest Kennametal buyer in Q2 2014 was Ariel Investments, an estimated $65.6M added.
- The largest Kennametal seller in Q2 2014 was Harris Associates, an estimated $131M sold.
Based on aggregated 13F filings for Q2 2014.