Owens Corning
293 hedge funds and large institutions have $5.97B invested in Owens Corning in 2016 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 97 increasing their positions, 112 reducing their positions, and 42 closing their positions.
98% more call options, than puts
Call options by funds: $32.9M | Put options by funds: $16.6M
12% more capital invested
Capital invested by funds: $5.35B → $5.97B (+$620M)
1.92% more ownership
Funds ownership: 98.46% → 100.38% (+1.9%)
7% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 42
0% less funds holding
Funds holding: 294 → 293 (-1)
13% less repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 112
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$234M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$94.1M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$44.1M |
| 4 |
Millennium Management
New York
|
+$34.6M |
| 5 |
First Eagle Investment Management
New York
|
+$33.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$84.2M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$61.1M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$55.2M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
-$43.5M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
-$38.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
326
Verition Fund Management
Greenwich,
Connecticut
| – | -$241K | -5,103 | Closed |
|
327
Voloridge Investment Management
Jupiter,
Florida
| – | -$241K | -5,100 | Closed |
|
|
LCM
328
Laurion Capital Management
New York
| – | -$221K | -4,674 | Closed |
|
|
HA
329
Heartland Advisors
Milwaukee,
Wisconsin
| – | -$201K | -4,246 | Closed |
|
|
WBC
330
Westpac Banking Corp
Sydney,
Australia
| – | -$138K | -2,927 | Closed |
|
|
SFFS
331
Stonehage Fleming Financial Services
St. Helier,
Jersey
| – | -$131K | -2,770 | Closed |
|
332
Parallax Volatility Advisers
San Francisco,
California
| – | -$54.2K | -1,088 | Closed |
|
|
GI
333
Gradient Investments
Arden Hills,
Minnesota
| – | -$41K | -868 | Closed |
|
|
MBT
334
Monroe Bank & Trust
Monroe,
Michigan
| – | -$12K | -250 | Closed |
|
|
RFS
335
Rockefeller Financial Services
New York
| – | -$3K | -55 | Closed |
|
OC Hedge Fund Activity: Q2 2016 in Review
293 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Owens Corning (OC) for Q2 2016, worth a combined $5.97B — up 12% from $5.35B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new OC positions and 42 closed out — a net gain of 3 holders — while 97 added to existing stakes and 112 trimmed.
The largest buyer was Iridian Asset Management, opening a new position worth an estimated $234M. The largest seller was Wellington Management Group, cutting an estimated $84.2M.
- 293 institutional investors held Owens Corning (OC) as of Q2 2016, down from 294 in Q1 2016.
- Funds reported $5.97B of Owens Corning stock for Q2 2016, up 12% quarter-over-quarter.
- 45 funds opened new Owens Corning positions in Q2 2016 and 42 closed out, a net change of +3 holders.
- The largest Owens Corning buyer in Q2 2016 was Iridian Asset Management, an estimated $234M added.
- The largest Owens Corning seller in Q2 2016 was Wellington Management Group, an estimated $84.2M sold.
Based on aggregated 13F filings for Q2 2016.