KT
121 hedge funds and large institutions have $1.1B invested in KT in 2013 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 30 increasing their positions, 47 reducing their positions, and 13 closing their positions.
69% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 13
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
7% more funds holding
Funds holding: 113 → 121 (+8)
1.49% less ownership
Funds ownership: 29.85% → 28.36% (-1.5%)
16% less capital invested
Capital invested by funds: $1.31B → $1.1B (-$203M)
36% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 47
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIM
Mittleman Investment Management
Melville,
New York
|
+$10.4M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$7.46M |
| 3 |
BG
BlackRock Group
London,
United Kingdom
|
+$7.04M |
| 4 |
TGI
Tradewinds Global Investors
Los Angeles,
California
|
+$5.54M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$4.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CBOA
Commonwealth Bank of Australia
Sydney, NSW,
Australia
|
-$49.6M |
| 2 |
IG
ING Group
Amsterdam,
Netherlands
|
-$17.4M |
| 3 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$8.88M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$8.67M |
| 5 |
Bank of New York Mellon
New York
|
-$7.31M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
HighTower Advisors
Chicago,
Illinois
| – | -$292K | -31,080 | Closed |
|
|
RBC
127
Ronald Blue & Co
Roswell,
Georgia
| – | -$197K | -11,776 | Closed |
|
|
PIA
128
Philadelphia International Advisors
Philadelphia,
Pennsylvania
| – | -$181K | -10,800 | Closed |
|
|
HIM
129
Hillsdale Investment Management
Toronto,
Ontario, Canada
| – | -$6K | -350 | Closed |
|
130
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$6K | -350 | Closed |
|
|
MA
131
MUFG Americas
New York
| – | -$5K | -317 | Closed |
|
|
EWM
132
Evercore Wealth Management
New York
| – | -$5K | -270 | Closed |
|
|
SNT
133
Security National Trust
Wheeling,
West Virginia
| – | -$4K | -225 | Closed |
|
KT Hedge Fund Activity: Q4 2013 in Review
121 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in KT (KT) for Q4 2013, worth a combined $1.1B — down 16% from $1.31B a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new KT positions and 13 closed out — a net gain of 9 holders — while 30 added to existing stakes and 47 trimmed.
The largest buyer was Mittleman Investment Management, adding an estimated $10.4M. The largest seller was Commonwealth Bank of Australia, cutting an estimated $49.6M.
- 121 institutional investors held KT (KT) as of Q4 2013, up from 113 in Q3 2013.
- Funds reported $1.1B of KT stock for Q4 2013, down 16% quarter-over-quarter.
- 22 funds opened new KT positions in Q4 2013 and 13 closed out, a net change of +9 holders.
- The largest KT buyer in Q4 2013 was Mittleman Investment Management, an estimated $10.4M added.
- The largest KT seller in Q4 2013 was Commonwealth Bank of Australia, an estimated $49.6M sold.
Based on aggregated 13F filings for Q4 2013.