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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
Bank of America
1
Bank of America
North Carolina
$432M -$7.6M -16,834 -2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$327M +$18.1M +40,028 +6%
LCOV
3
London Company of Virginia
Virginia
$302M +$811K +1,796 +0.3%
BlackRock
4
BlackRock
New York
$278M +$6.96M +15,421 +3%
Allspring Global Investments
5
Allspring Global Investments
North Carolina
$131M -$38.2M -84,666 -23%
LSV Asset Management
6
LSV Asset Management
Illinois
$104M +$39.9M +88,476 +63%
State Street
7
State Street
Massachusetts
$94.3M +$6.7M +14,837 +8%
First Trust Advisors
8
First Trust Advisors
Illinois
$88.9M -$16.1M -35,769 -15%
Truist Financial
9
Truist Financial
North Carolina
$69.9M +$10.4K +23 +0%
Dimensional Fund Advisors
10
Dimensional Fund Advisors
Texas
$65.8M +$3.26M +7,221 +5%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$50.7M +$2.16M +4,780 +4%
DC
12
Davenport & Co
Virginia
$48.7M -$29.9M -66,128 -38%
Invesco
13
Invesco
Georgia
$47.8M +$13.9M +30,694 +41%
Bank of New York Mellon
14
Bank of New York Mellon
New York
$44.4M +$807K +1,787 +2%
Charles Schwab
15
Charles Schwab
California
$32.9M +$1.19M +2,636 +4%
Northern Trust
16
Northern Trust
Illinois
$29.4M +$2.65M +5,877 +10%
Norges Bank
17
Norges Bank
Norway
$29.3M +$2.26M +5,010 +8%
Acadian Asset Management
18
Acadian Asset Management
Massachusetts
$23.6M +$11.3M +25,139 +94%
Robeco Institutional Asset Management
19
Robeco Institutional Asset Management
Netherlands
$22.8M +$17.4M +38,509 +334%
JP Morgan Chase
20
JP Morgan Chase
New York
$21M -$378K -838 -2%
AQR Capital Management
21
AQR Capital Management
Connecticut
$19M +$8.99M +19,907 +91%
Goldman Sachs
22
Goldman Sachs
New York
$17.4M +$8.09M +17,918 +88%
New York State Common Retirement Fund
23
New York State Common Retirement Fund
New York
$17M +$809K +1,791 +5%
RhumbLine Advisers
24
RhumbLine Advisers
Massachusetts
$15.2M +$2.51M +5,571 +20%
MAM
25
Martingale Asset Management
Massachusetts
$13.7M -$137K -303 -1%

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.