NewMarket
234 hedge funds and large institutions have $3.6B invested in NewMarket in 2015 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 67 increasing their positions, 91 reducing their positions, and 25 closing their positions.
291% more call options, than puts
Call options by funds: $40.2M | Put options by funds: $10.3M
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
23% more capital invested
Capital invested by funds: $2.93B → $3.6B (+$668M)
2.63% more ownership
Funds ownership: 58.01% → 60.64% (+2.6%)
3% less funds holding
Funds holding: 240 → 234 (-6)
12% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 25
26% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 91
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$137M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$20.6M |
| 3 |
MG
Meritage Group
San Francisco,
California
|
+$20.2M |
| 4 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$14.7M |
| 5 |
SC
Shellback Capital
Boston,
Massachusetts
|
+$12.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Herndon Capital Management
Atlanta,
Georgia
|
-$22.1M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$9.87M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$9.81M |
| 4 |
D.E. Shaw & Co
New York
|
-$7.42M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$6.3M |
NEU Hedge Fund Activity: Q1 2015 in Review
234 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in NewMarket (NEU) for Q1 2015, worth a combined $3.6B — up 23% from $2.93B a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of NEU and 22 opened new positions — a net loss of 3 holders — while 91 trimmed existing stakes and 67 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $137M. The largest seller was Herndon Capital Management, cutting an estimated $22.1M.
- 234 institutional investors held NewMarket (NEU) as of Q1 2015, down from 240 in Q4 2014.
- Funds reported $3.6B of NewMarket stock for Q1 2015, up 23% quarter-over-quarter.
- 22 funds opened new NewMarket positions in Q1 2015 and 25 closed out, a net change of -3 holders.
- The largest NewMarket buyer in Q1 2015 was T. Rowe Price Associates, an estimated $137M added.
- The largest NewMarket seller in Q1 2015 was Herndon Capital Management, an estimated $22.1M sold.
Based on aggregated 13F filings for Q1 2015.