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NewMarket
NEU

263 hedge funds and large institutions have $2.17B invested in NewMarket in 2023 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 87 increasing their positions, 90 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

3,488% more call options, than puts

Call options by funds: $11.8M | Put options by funds: $328K

157% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 14

20% more capital invested

Capital invested by funds: $1.81B → $2.17B (+$368M)

7% more funds holding

Funds holding: 245 → 263 (+18)

1.47% more ownership

Funds ownership: 60.04% → 61.51% (+1.5%)

3% less repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 90

Holders
263
Holders Change
+18
Holders Change %
+7.35%
% of All Funds
4.19%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
36
Increased
87
Reduced
90
Closed
14
Calls
$11.8M
Puts
$328K
Net Calls
+$11.4M
Net Calls Change
+$10.3M

Top Buyers

Rank Fund Capital Flow
1
DC
Davenport & Co
Virginia
+$8.32M
2
Allspring Global Investments
Allspring Global Investments
North Carolina
+$7.37M
3
Teacher Retirement System of Texas
Teacher Retirement System of Texas
Texas
+$5.28M
4
MOS
MGO One Seven
Ohio
+$5.04M
5
BA
Bridgewater Associates
Connecticut
+$3.85M

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$24.4M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$9.45M
3
Renaissance Technologies
Renaissance Technologies
New York
-$5.17M
4
First Trust Advisors
First Trust Advisors
Illinois
-$4.1M
5
BlackRock
BlackRock
New York
-$3.59M
Name Holding Trade Value Shares
Change 		Change in
Stake
Principal Financial Group
26
Principal Financial Group
Iowa
$9.64M -$79K -228 -0.9%
RhumbLine Advisers
27
RhumbLine Advisers
Massachusetts
$9.53M +$875K +2,525 +11%
CSC
28
Cove Street Capital
California
$8.56M -$2.08M -6,000 -20%
TD Asset Management
29
TD Asset Management
Ontario, Canada
$6.46M – – –
AQR Capital Management
30
AQR Capital Management
Connecticut
$6.28M -$811K -2,340 -12%
Goldman Sachs
31
Goldman Sachs
New York
$6.23M -$1.32M -3,817 -18%
Voloridge Investment Management
32
Voloridge Investment Management
Florida
$6.19M -$1.14M -3,282 -16%
AIMCA
33
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$6.14M +$2.23M +6,421 +62%
AG
34
Algert Global
California
$5.89M +$2.59M +7,469 +86%
Swiss National Bank
35
Swiss National Bank
Switzerland
$5.84M -$728K -2,100 -12%
N
36
Nuveen
North Carolina
$5.67M +$200K +578 +4%
Envestnet Asset Management
37
Envestnet Asset Management
Illinois
$5.51M +$413K +1,192 +9%
MOS
38
MGO One Seven
Ohio
$5.31M +$5.04M +14,540 New
T
39
TCWP
Ohio
$5.3M -$435K -1,256 -8%
GI
40
GAMCO Investors
Connecticut
$5.29M – – –
Millennium Management
41
Millennium Management
New York
$4.57M +$2.06M +5,942 +90%
HWM
42
HB Wealth Management
Georgia
$4.45M -$554K -1,598 -12%
UBS AM
43
UBS AM
Illinois
$4.41M +$160K +461 +4%
RAM
44
RK Asset Management
Michigan
$4.27M -$23.6K -68 -0.6%
Robeco Institutional Asset Management
45
Robeco Institutional Asset Management
Netherlands
$4.23M – – –
BA
46
Bridgewater Associates
Connecticut
$4.06M +$3.85M +11,119 New
Allianz Asset Management
47
Allianz Asset Management
Germany
$3.91M +$3.71M +10,709 New
HF
48
HRT Financial
New York
$3.9M +$2.19M +6,314 +144%
Grantham, Mayo, Van Otterloo & Co (GMO)
49
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$3.84M -$693K -2,000 -16%
Los Angeles Capital Management
50
Los Angeles Capital Management
California
$3.78M +$36.4K +105 +1%
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NEU Hedge Fund Activity: Q1 2023 in Review

263 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in NewMarket (NEU) for Q1 2023, worth a combined $2.17B — up 20% from $1.81B a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new NEU positions and 14 closed out — a net gain of 22 holders — while 87 added to existing stakes and 90 trimmed.

The largest buyer was Davenport & Co, adding an estimated $8.32M. The largest seller was Invesco, cutting an estimated $24.4M.

  • 263 institutional investors held NewMarket (NEU) as of Q1 2023, up from 245 in Q4 2022.
  • Funds reported $2.17B of NewMarket stock for Q1 2023, up 20% quarter-over-quarter.
  • 36 funds opened new NewMarket positions in Q1 2023 and 14 closed out, a net change of +22 holders.
  • The largest NewMarket buyer in Q1 2023 was Davenport & Co, an estimated $8.32M added.
  • The largest NewMarket seller in Q1 2023 was Invesco, an estimated $24.4M sold.

Based on aggregated 13F filings for Q1 2023.