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Kennametal
KMT

234 hedge funds and large institutions have $2.04B invested in Kennametal in 2024 Q1 according to their latest regulatory filings, with 39 funds opening new positions, 79 increasing their positions, 81 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 27

40% more call options, than puts

Call options by funds: $3.7M | Put options by funds: $2.65M

4% more funds holding

Funds holding: 225 → 234 (+9)

2% less repeat investments, than reductions

Existing positions increased: 79 | Existing positions reduced: 81

4.48% less ownership

Funds ownership: 107.44% → 102.96% (-4.5%)

8% less capital invested

Capital invested by funds: $2.21B → $2.04B (-$170M)

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
234
Holders Change
+9
Holders Change %
+4%
% of All Funds
3.37%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
39
Increased
79
Reduced
81
Closed
27
Calls
$3.7M
Puts
$2.65M
Net Calls
+$1.05M
Net Calls Change
-$5.84M

Top Buyers

1
BIP
Brandes Investment Partners
California
+$20.6M
2
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
+$9.47M
3
American Century Companies
American Century Companies
Missouri
+$9.04M
4
ACM
Azarias Capital Management
Pennsylvania
+$4.73M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$4.52M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$29.9M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$28.1M
3
BlackRock
BlackRock
New York
-$8.54M
4
Man Group
Man Group
United Kingdom
-$8.39M
5
Goldman Sachs
Goldman Sachs
New York
-$5.53M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$363M -$8.54M -346,742 -2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$230M -$1.85M -75,119 -0.8%
AI
3
Ariel Investments
Illinois
$229M -$5.35M -217,448 -2%
BAM
4
Burgundy Asset Management
Ontario, Canada
$122M +$1.43M +58,097 +1%
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$114M +$4.08M +165,599 +4%
Wellington Management Group
6
Wellington Management Group
Massachusetts
$108M +$1.72M +69,832 +2%
Victory Capital Management
7
Victory Capital Management
Texas
$81M -$288K -11,715 -0.4%
State Street
8
State Street
Massachusetts
$77M +$441K +17,928 +0.6%
Fisher Asset Management
9
Fisher Asset Management
Washington
$53.1M +$2.2M +89,471 +4%
Barrow, Hanley, Mewhinney & Strauss
10
Barrow, Hanley, Mewhinney & Strauss
Texas
$50.6M +$9.47M +384,820 +23%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$43.8M +$1.05M +42,673 +2%
BIP
12
Brandes Investment Partners
California
$43.1M +$20.6M +836,482 +94%
American Century Companies
13
American Century Companies
Missouri
$39.5M +$9.04M +367,332 +30%
Fuller & Thaler Asset Management
14
Fuller & Thaler Asset Management
California
$38M +$1.02M +41,483 +3%
Charles Schwab
15
Charles Schwab
California
$32.3M +$1.97M +79,848 +7%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$30.5M +$417K +16,938 +1%
Morgan Stanley
17
Morgan Stanley
New York
$26.3M -$29.9M -1,213,657 -53%
Franklin Resources
18
Franklin Resources
California
$24.7M -$934K -37,949 -4%
Northern Trust
19
Northern Trust
Illinois
$23.7M -$807K -32,764 -3%
Norges Bank
20
Norges Bank
Norway
$18.9M +$3.92M +159,064 +27%
Voloridge Investment Management
21
Voloridge Investment Management
Florida
$13.8M +$1.29M +52,223 +10%
Two Sigma Advisers
22
Two Sigma Advisers
New York
$12.6M -$2.89M -117,200 -19%
HA
23
Heartland Advisors
Wisconsin
$11.4M -$4.26M -172,865 -27%
D.E. Shaw & Co
24
D.E. Shaw & Co
New York
$11.1M +$4.52M +183,470 +71%
Principal Financial Group
25
Principal Financial Group
Iowa
$10.3M -$875K -35,552 -8%
1
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KMT Hedge Fund Activity: Q1 2024 in Review

234 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Kennametal (KMT) for Q1 2024, worth a combined $2.04B — down 7.7% from $2.21B a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new KMT positions and 27 closed out — a net gain of 12 holders — while 79 added to existing stakes and 81 trimmed.

The largest buyer was Brandes Investment Partners, adding an estimated $20.6M. The largest seller was Morgan Stanley, cutting an estimated $29.9M.

  • 234 institutional investors held Kennametal (KMT) as of Q1 2024, up from 225 in Q4 2023.
  • Funds reported $2.04B of Kennametal stock for Q1 2024, down 7.7% quarter-over-quarter.
  • 39 funds opened new Kennametal positions in Q1 2024 and 27 closed out, a net change of +12 holders.
  • The largest Kennametal buyer in Q1 2024 was Brandes Investment Partners, an estimated $20.6M added.
  • The largest Kennametal seller in Q1 2024 was Morgan Stanley, an estimated $29.9M sold.

Based on aggregated 13F filings for Q1 2024.