NewMarket
NEU
229 hedge funds and large institutions have $2.8B invested in NewMarket in 2013 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 77 increasing their positions, 81 reducing their positions, and 20 closing their positions.
30% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 20
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
18% more capital invested
Capital invested by funds: $2.38B → $2.8B (+$420M)
2% more funds holding
Funds holding: 225 → 229 (+4)
1.19% more ownership
Funds ownership: 62.31% → 63.5% (+1.2%)
10% more call options, than puts
Call options by funds: $20.9M | Put options by funds: $19.1M
5% less repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 81
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$30.6M |
| 2 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
+$26.2M |
| 3 |
Nordea Investment Management
Stockholm,
Sweden
|
+$17.8M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$11.5M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$8.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Carlson Capital
Dallas,
Texas
|
-$13.2M |
| 2 |
JP Morgan Chase
New York
|
-$13.2M |
| 3 |
RA
Royce & Associates
New York
|
-$13.1M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$12M |
| 5 |
HCM
Herndon Capital Management
Atlanta,
Georgia
|
-$9.71M |
NEU Hedge Fund Activity: Q4 2013 in Review
229 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in NewMarket (NEU) for Q4 2013, worth a combined $2.8B — up 18% from $2.38B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new NEU positions and 20 closed out — a net gain of 6 holders — while 77 added to existing stakes and 81 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $30.6M. The largest seller was Carlson Capital, exiting entirely with an estimated $13.2M sold.
- 229 institutional investors held NewMarket (NEU) as of Q4 2013, up from 225 in Q3 2013.
- Funds reported $2.8B of NewMarket stock for Q4 2013, up 18% quarter-over-quarter.
- 26 funds opened new NewMarket positions in Q4 2013 and 20 closed out, a net change of +6 holders.
- The largest NewMarket buyer in Q4 2013 was T. Rowe Price Associates, an estimated $30.6M added.
- The largest NewMarket seller in Q4 2013 was Carlson Capital, an estimated $13.2M sold.
Based on aggregated 13F filings for Q4 2013.