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NewMarket
NEU

316 hedge funds and large institutions have $3.14B invested in NewMarket in 2024 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 97 increasing their positions, 115 reducing their positions, and 52 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more call options, than puts

Call options by funds: $1.39M | Put options by funds: $773K

1.06% more ownership

Funds ownership: 62.39% → 63.45% (+1.1%)

3% less funds holding

Funds holding: 327 → 316 (-11)

13% less first-time investments, than exits

New positions opened: 45 | Existing positions closed: 52

16% less repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 115

17% less capital invested

Capital invested by funds: $3.8B → $3.14B (-$658M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
316
Holders Change
-11
Holders Change %
-3.36%
% of All Funds
4.56%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
45
Increased
97
Reduced
115
Closed
52
Calls
$1.39M
Puts
$773K
Net Calls
+$619K
Net Calls Change
-$22.6M

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$77.5M
2
Pacer Advisors
Pacer Advisors
Pennsylvania
+$43.3M
3
Millennium Management
Millennium Management
New York
+$9.93M
4
Los Angeles Capital Management
Los Angeles Capital Management
California
+$8.29M
5
Morgan Stanley
Morgan Stanley
New York
+$6.97M

Top Sellers

1
LCOV
London Company of Virginia
Virginia
-$50M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$17.4M
3
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
-$9.96M
4
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
-$9.07M
5
Allspring Global Investments
Allspring Global Investments
North Carolina
-$7.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
OPERF
151
Oregon Public Employees Retirement Fund
Oregon
$740K -$129K -232 -14%
CG
152
Cynosure Group
Utah
$729K +$228K +410 +41%
NMERB
153
New Mexico Educational Retirement Board
New Mexico
$722K – – –
AI
154
Atria Investments
North Carolina
$708K +$763K +1,372 New
Grantham, Mayo, Van Otterloo & Co (GMO)
155
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$689K -$482K -866 -39%
QT
156
Quantbot Technologies
New York
$682K +$735K +1,322 New
RAM
157
Resona Asset Management
Japan
$665K -$48.4K -87 -6%
GCM
158
Gallacher Capital Management
Colorado
$660K +$499K +897 +235%
Tudor Investment Corp
159
Tudor Investment Corp
Connecticut
$651K +$702K +1,263 New
Zurich Cantonal Bank
160
Zurich Cantonal Bank
Switzerland
$639K +$178K +321 +35%
Cetera Investment Advisers
161
Cetera Investment Advisers
Illinois
$622K -$48.4K -87 -7%
PAS
162
Park Avenue Securities
New York
$611K -$37.8K -68 -5%
YIH
163
Y-Intercept (HK)
Hong Kong
$585K +$631K +1,135 New
SFI
164
Susquehanna Fundamental Investments
Pennsylvania
$584K +$425K +765 +208%
Voloridge Investment Management
165
Voloridge Investment Management
Florida
$582K +$628K +1,129 New
KAS
166
Kestra Advisory Services
Texas
$576K +$130K +233 +26%
Creative Planning
167
Creative Planning
Kansas
$570K +$52.8K +95 +9%
GFA
168
Gallagher Fiduciary Advisors
Illinois
$567K – – –
FHB
169
First Hawaiian Bank
Hawaii
$548K -$265K -476 -31%
ETC
170
Exchange Traded Concepts
Oklahoma
$538K +$25K +45 +5%
PI
171
PineBridge Investments
New York
$529K +$571K +1,026 New
CAM
172
Cobblestone Asset Management
Virginia
$516K – – –
Federated Hermes
173
Federated Hermes
Pennsylvania
$496K -$188K -338 -26%
EP
174
Edgestream Partners
New Jersey
$486K +$524K +942 New
EFG
175
Ethos Financial Group
Pennsylvania
$485K -$7.23K -13 -1%
5 6
7
8 9

NEU Hedge Fund Activity: Q2 2024 in Review

316 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in NewMarket (NEU) for Q2 2024, worth a combined $3.14B — down 17% from $3.8B a quarter earlier.

Sellers outnumbered buyers: 52 funds closed out of NEU and 45 opened new positions — a net loss of 7 holders — while 115 trimmed existing stakes and 97 added.

The largest buyer was Bank of America, adding an estimated $77.5M. The largest seller was London Company of Virginia, cutting an estimated $50M.

  • 316 institutional investors held NewMarket (NEU) as of Q2 2024, down from 327 in Q1 2024.
  • Funds reported $3.14B of NewMarket stock for Q2 2024, down 17% quarter-over-quarter.
  • 45 funds opened new NewMarket positions in Q2 2024 and 52 closed out, a net change of -7 holders.
  • The largest NewMarket buyer in Q2 2024 was Bank of America, an estimated $77.5M added.
  • The largest NewMarket seller in Q2 2024 was London Company of Virginia, an estimated $50M sold.

Based on aggregated 13F filings for Q2 2024.