Owens Corning
210 hedge funds and large institutions have $3.43B invested in Owens Corning in 2014 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 82 increasing their positions, 66 reducing their positions, and 42 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
24% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 66
7% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 42
2.65% less ownership
Funds ownership: 94.41% → 91.76% (-2.6%)
3% less funds holding
Funds holding: 216 → 210 (-6)
20% less capital invested
Capital invested by funds: $4.3B → $3.43B (-$870M)
37% less call options, than puts
Call options by funds: $17.2M | Put options by funds: $27.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
+$66.5M |
| 2 |
FC
Fairpointe Capital
Chicago,
Illinois
|
+$52.4M |
| 3 |
TCIM
TIAA CREF Investment Management
New York
|
+$48.1M |
| 4 |
SC
Sasco Capital
Fairfield,
Connecticut
|
+$26.5M |
| 5 |
D.E. Shaw & Co
New York
|
+$22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Pennant Capital Management
Summit,
New Jersey
|
-$131M |
| 2 |
UBS AM
Chicago,
Illinois
|
-$97.8M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$72.5M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$33.1M |
| 5 |
IIM
Ivory Investment Management
New York
|
-$33M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FHA
251
First Horizon Advisors
Memphis,
Tennessee
| – | -$197K | -5,100 | Closed |
|
252
Axa
Paris,
France
| – | -$125K | -3,230 | Closed |
|
OC Hedge Fund Activity: Q3 2014 in Review
210 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Owens Corning (OC) for Q3 2014, worth a combined $3.43B — down 20% from $4.3B a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of OC and 39 opened new positions — a net loss of 3 holders — while 66 trimmed existing stakes and 82 added.
The largest buyer was Manning & Napier Advisors, opening a new position worth an estimated $66.5M. The largest seller was Pennant Capital Management, exiting entirely with an estimated $131M sold.
- 210 institutional investors held Owens Corning (OC) as of Q3 2014, down from 216 in Q2 2014.
- Funds reported $3.43B of Owens Corning stock for Q3 2014, down 20% quarter-over-quarter.
- 39 funds opened new Owens Corning positions in Q3 2014 and 42 closed out, a net change of -3 holders.
- The largest Owens Corning buyer in Q3 2014 was Manning & Napier Advisors, an estimated $66.5M added.
- The largest Owens Corning seller in Q3 2014 was Pennant Capital Management, an estimated $131M sold.
Based on aggregated 13F filings for Q3 2014.