Quanex
107 hedge funds and large institutions have $740M invested in Quanex in 2013 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 49 increasing their positions, 28 reducing their positions, and 14 closing their positions.
2,147% more call options, than puts
Call options by funds: $427K | Put options by funds: $19K
75% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 28
13% more capital invested
Capital invested by funds: $655M → $740M (+$85.4M)
1.15% more ownership
Funds ownership: 104.9% → 106.05% (+1.2%)
4% less funds holding
Funds holding: 112 → 107 (-5)
29% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 14
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$32.2M |
| 2 |
GCM
Gates Capital Management
New York
|
+$24.7M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$20.4M |
| 4 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$10.3M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$8.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAMG
Odey Asset Management Group
London,
United Kingdom
|
-$47M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$20.2M |
| 3 |
Brown Advisory
Baltimore,
Maryland
|
-$10.2M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$7.68M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$5.12M |
NX Hedge Fund Activity: Q3 2013 in Review
107 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Quanex (NX) for Q3 2013, worth a combined $740M — up 13% from $655M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of NX and 10 opened new positions — a net loss of 4 holders — while 28 trimmed existing stakes and 49 added.
The largest buyer was DePrince Race & Zollo Inc (DRZ), opening a new position worth an estimated $32.2M. The largest seller was Odey Asset Management Group, cutting an estimated $47M.
- 107 institutional investors held Quanex (NX) as of Q3 2013, down from 112 in Q2 2013.
- Funds reported $740M of Quanex stock for Q3 2013, up 13% quarter-over-quarter.
- 10 funds opened new Quanex positions in Q3 2013 and 14 closed out, a net change of -4 holders.
- The largest Quanex buyer in Q3 2013 was DePrince Race & Zollo Inc (DRZ), an estimated $32.2M added.
- The largest Quanex seller in Q3 2013 was Odey Asset Management Group, an estimated $47M sold.
Based on aggregated 13F filings for Q3 2013.