Koppers
KOP
143 hedge funds and large institutions have $339M invested in Koppers in 2018 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 47 increasing their positions, 57 reducing their positions, and 39 closing their positions.
43% more call options, than puts
Call options by funds: $5.4M | Put options by funds: $3.77M
10.11% more ownership
Funds ownership: 86.79% → 96.9% (+10%)
9% less funds holding
Funds holding: 158 → 143 (-15)
18% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 57
38% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 39
41% less capital invested
Capital invested by funds: $572M → $339M (-$234M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Southernsun Asset Management
Memphis,
Tennessee
|
+$29.7M |
| 2 |
MLIM
Mountain Lake Investment Management
Boca Raton,
Florida
|
+$14.1M |
| 3 |
State Street
Boston,
Massachusetts
|
+$13.9M |
| 4 |
SCM
Schneider Capital Management
Berwyn,
Pennsylvania
|
+$10.3M |
| 5 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
+$8.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$11.9M |
| 2 |
HP
Harvey Partners
Tarrytown,
New York
|
-$4.47M |
| 3 |
Renaissance Technologies
New York
|
-$4.26M |
| 4 |
TA
Teachers Advisors
New York
|
-$3.73M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
-$3.43M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Russell Investments Group
London,
United Kingdom
| – | -$37K | -1,200 | Closed |
|
|
MAM
177
Meeder Asset Management
Dublin,
Ohio
| – | -$14K | -452 | Closed |
|
178
Loomis, Sayles & Company
Boston,
Massachusetts
| – | -$5K | -166 | Closed |
|
|
WSTAM
179
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
| – | -$2K | -66 | Closed |
|
|
GWS
180
Glassman Wealth Services
Vienna,
Virginia
| – | +$306 | +13 | New |
|
|
AIA
181
Alera Investment Advisors
Deerfield,
Illinois
| – | +$329 | +14 | New |
|
KOP Hedge Fund Activity: Q4 2018 in Review
143 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Koppers (KOP) for Q4 2018, worth a combined $339M — down 41% from $572M a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of KOP and 24 opened new positions — a net loss of 15 holders — while 57 trimmed existing stakes and 47 added.
The largest buyer was Southernsun Asset Management, adding an estimated $29.7M. The largest seller was Vanguard Group, cutting an estimated $11.9M.
- 143 institutional investors held Koppers (KOP) as of Q4 2018, down from 158 in Q3 2018.
- Funds reported $339M of Koppers stock for Q4 2018, down 41% quarter-over-quarter.
- 24 funds opened new Koppers positions in Q4 2018 and 39 closed out, a net change of -15 holders.
- The largest Koppers buyer in Q4 2018 was Southernsun Asset Management, an estimated $29.7M added.
- The largest Koppers seller in Q4 2018 was Vanguard Group, an estimated $11.9M sold.
Based on aggregated 13F filings for Q4 2018.