Kennametal
212 hedge funds and large institutions have $2.7B invested in Kennametal in 2015 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 95 increasing their positions, 62 reducing their positions, and 37 closing their positions.
53% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 62
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
4.63% more ownership
Funds ownership: 96.48% → 101.11% (+4.6%)
4% more call options, than puts
Call options by funds: $664K | Put options by funds: $637K
1% less capital invested
Capital invested by funds: $2.73B → $2.7B (-$34.8M)
8% less funds holding
Funds holding: 231 → 212 (-19)
46% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Ariel Investments
Chicago,
Illinois
|
+$99.9M |
| 2 |
GAM
Gotham Asset Management
New York
|
+$58.8M |
| 3 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
+$41.5M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$30.9M |
| 5 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$28.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Greenlight Capital
New York
|
-$79.3M |
| 2 |
HCM
Highline Capital Management
New York
|
-$25.8M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$15.1M |
| 4 |
AIM
Atlantic Investment Management
New York
|
-$14.1M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$14M |
KMT Hedge Fund Activity: Q1 2015 in Review
212 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q1 2015, worth a combined $2.7B — down 1.3% from $2.73B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of KMT and 20 opened new positions — a net loss of 17 holders — while 62 trimmed existing stakes and 95 added.
The largest buyer was Ariel Investments, adding an estimated $99.9M. The largest seller was Greenlight Capital, exiting entirely with an estimated $79.3M sold.
- 212 institutional investors held Kennametal (KMT) as of Q1 2015, down from 231 in Q4 2014.
- Funds reported $2.7B of Kennametal stock for Q1 2015, down 1.3% quarter-over-quarter.
- 20 funds opened new Kennametal positions in Q1 2015 and 37 closed out, a net change of -17 holders.
- The largest Kennametal buyer in Q1 2015 was Ariel Investments, an estimated $99.9M added.
- The largest Kennametal seller in Q1 2015 was Greenlight Capital, an estimated $79.3M sold.
Based on aggregated 13F filings for Q1 2015.