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NewMarket

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: 245263 (+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
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$355M -$1.34M -3,860 -0.4%
Vanguard Group
2
Vanguard Group
Pennsylvania
$248M -$9.45M -27,273 -4%
LCOV
3
London Company of Virginia
Virginia
$247M +$258K +743 +0.1%
BlackRock
4
BlackRock
New York
$221M -$3.59M -10,343 -2%
Allspring Global Investments
5
Allspring Global Investments
North Carolina
$140M +$7.37M +21,246 +6%
First Trust Advisors
6
First Trust Advisors
Illinois
$106M -$4.1M -11,813 -4%
State Street
7
State Street
Massachusetts
$73.1M +$210K +606 +0.3%
DC
8
Davenport & Co
Virginia
$64M +$8.32M +24,003 +16%
Truist Financial
9
Truist Financial
North Carolina
$56.1M +$165K +476 +0.3%
Dimensional Fund Advisors
10
Dimensional Fund Advisors
Texas
$46.4M +$2.37M +6,833 +6%
LSV Asset Management
11
LSV Asset Management
Illinois
$37M +$2.27M +6,556 +7%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$34.4M +$231K +667 +0.7%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$33M +$589K +1,699 +2%
Charles Schwab
14
Charles Schwab
California
$26.2M -$181K -523 -0.7%
Invesco
15
Invesco
Georgia
$25.8M -$24.4M -70,445 -50%
Northern Trust
16
Northern Trust
Illinois
$20.9M +$1.07M +3,073 +6%
Norges Bank
17
Norges Bank
Norway
$20.4M +$515K +1,486 +3%
Victory Capital Management
18
Victory Capital Management
Texas
$19.1M +$3.57M +10,285 +24%
JP Morgan Chase
19
JP Morgan Chase
New York
$17.4M -$32.6K -94 -0.2%
Morgan Stanley
20
Morgan Stanley
New York
$16M +$1.27M +3,663 +9%
New York State Common Retirement Fund
21
New York State Common Retirement Fund
New York
$14.2M -$1.27M -3,667 -9%
Retirement Systems of Alabama
22
Retirement Systems of Alabama
Alabama
$12.9M -$79.7K -230 -0.6%
MAM
23
Martingale Asset Management
Massachusetts
$11.5M -$1.03M -2,982 -9%
Wells Fargo
24
Wells Fargo
California
$10.1M +$253K +731 +3%
Teacher Retirement System of Texas
25
Teacher Retirement System of Texas
Texas
$10.1M +$5.28M +15,233 +123%

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.