Northrop Grumman
NOC
572 hedge funds and large institutions have $18.8B invested in Northrop Grumman in 2013 Q3 according to their latest regulatory filings, with 63 funds opening new positions, 177 increasing their positions, 235 reducing their positions, and 34 closing their positions.
85% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 34
33% more funds holding in top 10
Funds holding in top 10: 12 → 16 (+4)
11% more capital invested
Capital invested by funds: $17B → $18.8B (+$1.82B)
5% more funds holding
Funds holding: 547 → 572 (+25)
1.79% less ownership
Funds ownership: 87.85% → 86.05% (-1.8%)
17% less call options, than puts
Call options by funds: $90M | Put options by funds: $109M
25% less repeat investments, than reductions
Existing positions increased: 177 | Existing positions reduced: 235
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$232M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$96.1M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$70.3M |
| 4 |
Capital World Investors
Los Angeles,
California
|
+$68.4M |
| 5 |
AIG
American International Group
New York
|
+$55.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
-$396M |
| 2 |
Pzena Investment Management
New York
|
-$275M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$143M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$105M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$84.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
601
Parallax Volatility Advisers
San Francisco,
California
| – | -$143K | -1,549 | Closed |
|
|
EWM
602
Elite Wealth Management
Kirkland,
Washington
| – | -$84K | -1,012 | Closed |
|
|
FHB
603
First Hawaiian Bank
Honolulu,
Hawaii
| – | -$79K | -958 | Closed |
|
|
ECAM
604
East Coast Asset Management
Essex,
Massachusetts
| – | -$53K | -640 | Closed |
|
|
PSI
605
Pinnacle Summer Investments
Fairfax,
Virginia
| – | -$52K | -623 | Closed |
|
|
BBHC
606
Brown Brothers Harriman & Co
New York
| – | -$17K | -200 | Closed |
|
|
CFA
607
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$8K | -106 | Closed |
|
NOC Hedge Fund Activity: Q3 2013 in Review
572 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Northrop Grumman (NOC) for Q3 2013, worth a combined $18.8B — up 11% from $17B a quarter earlier.
Buyers outnumbered sellers: 63 funds opened new NOC positions and 34 closed out — a net gain of 29 holders — while 177 added to existing stakes and 235 trimmed.
The largest buyer was Bank of America, adding an estimated $232M. The largest seller was Harris Associates, exiting entirely with an estimated $396M sold.
- 572 institutional investors held Northrop Grumman (NOC) as of Q3 2013, up from 547 in Q2 2013.
- Funds reported $18.8B of Northrop Grumman stock for Q3 2013, up 11% quarter-over-quarter.
- 63 funds opened new Northrop Grumman positions in Q3 2013 and 34 closed out, a net change of +29 holders.
- The largest Northrop Grumman buyer in Q3 2013 was Bank of America, an estimated $232M added.
- The largest Northrop Grumman seller in Q3 2013 was Harris Associates, an estimated $396M sold.
Based on aggregated 13F filings for Q3 2013.