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NewMarket

279 hedge funds and large institutions have $2.73B invested in NewMarket in 2023 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 94 increasing their positions, 88 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

954% more call options, than puts

Call options by funds: $7.19M | Put options by funds: $682K

40% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 25

15% more capital invested

Capital invested by funds: $2.38B → $2.73B (+$354M)

3% more funds holding

Funds holding: 270279 (+9)

1.07% more ownership

Funds ownership: 61.48%62.55% (+1.1%)

7% more repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 88

Holders
279
Holders Change
+9
Holders Change %
+3.33%
% of All Funds
4.43%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
35
Increased
94
Reduced
88
Closed
25
Calls
$7.19M
Puts
$682K
Net Calls
+$6.51M
Net Calls Change
+$3.93M
Name Holding Trade Value Shares
Change
Change in
Stake
Retirement Systems of Alabama
26
Retirement Systems of Alabama
Alabama
$13.6M -$2.41M -5,339 -15%
Morgan Stanley
27
Morgan Stanley
New York
$13.3M -$5.01M -11,088 -28%
Victory Capital Management
28
Victory Capital Management
Texas
$11.9M -$12.8M -28,408 -52%
Envestnet Asset Management
29
Envestnet Asset Management
Illinois
$11.9M +$4.31M +9,557 +58%
Principal Financial Group
30
Principal Financial Group
Iowa
$11.6M +$228K +506 +2%
Teacher Retirement System of Texas
31
Teacher Retirement System of Texas
Texas
$11.5M +$578K +1,281 +5%
Wells Fargo
32
Wells Fargo
California
$11.2M -$496K -1,098 -4%
HWM
33
HB Wealth Management
Georgia
$10.2M +$1.22M +2,701 +14%
LBC
34
Lowe Brockenbrough & Co
Virginia
$8.09M +$7.98M +17,682 New
CSC
35
Cove Street Capital
California
$7.91M -$826K -1,829 -10%
Swiss National Bank
36
Swiss National Bank
Switzerland
$7.24M +$45.1K +100 +0.6%
N
37
Nuveen
North Carolina
$7.14M +$123K +273 +2%
OTPPB
38
Ontario Teachers' Pension Plan Board
Ontario, Canada
$6.99M +$240K +531 +4%
BA
39
Bridgewater Associates
Connecticut
$6.91M +$1.85M +4,098 +37%
Lazard Asset Management
40
Lazard Asset Management
New York
$6.9M +$2.78M +6,153 +68%
GI
41
GAMCO Investors
Connecticut
$6.6M
UBS AM
42
UBS AM
Illinois
$6.38M +$878K +1,944 +16%
AG
43
Algert Global
California
$6.17M -$840K -1,860 -12%
TD Asset Management
44
TD Asset Management
Ontario, Canada
$6.1M -$1.26M -2,800 -17%
Renaissance Technologies
45
Renaissance Technologies
New York
$5.14M +$415K +920 +9%
GAM
46
Gotham Asset Management
New York
$5.09M +$1.4M +3,104 +38%
RAM
47
RK Asset Management
Michigan
$5.08M -$22.6K -50 -0.4%
Legal & General Group
48
Legal & General Group
United Kingdom
$4.88M +$160K +354 +3%
SEI Investments
49
SEI Investments
Pennsylvania
$4.72M +$118K +262 +3%
PAM
50
Panagora Asset Management
Massachusetts
$4.67M +$4.63M +10,254 New

NEU Hedge Fund Activity: Q3 2023 in Review

279 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in NewMarket (NEU) for Q3 2023, worth a combined $2.73B — up 15% from $2.38B a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new NEU positions and 25 closed out — a net gain of 10 holders — while 94 added to existing stakes and 88 trimmed.

The largest buyer was LSV Asset Management, adding an estimated $39.9M. The largest seller was Allspring Global Investments, cutting an estimated $38.2M.

  • 279 institutional investors held NewMarket (NEU) as of Q3 2023, up from 270 in Q2 2023.
  • Funds reported $2.73B of NewMarket stock for Q3 2023, up 15% quarter-over-quarter.
  • 35 funds opened new NewMarket positions in Q3 2023 and 25 closed out, a net change of +10 holders.
  • The largest NewMarket buyer in Q3 2023 was LSV Asset Management, an estimated $39.9M added.
  • The largest NewMarket seller in Q3 2023 was Allspring Global Investments, an estimated $38.2M sold.

Based on aggregated 13F filings for Q3 2023.