Owens Corning
230 hedge funds and large institutions have $4.53B invested in Owens Corning in 2014 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 78 increasing their positions, 80 reducing their positions, and 46 closing their positions.
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
4% more call options, than puts
Call options by funds: $33M | Put options by funds: $31.7M
3% more capital invested
Capital invested by funds: $4.39B → $4.53B (+$141M)
3% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 80
2.63% less ownership
Funds ownership: 91.56% → 88.93% (-2.6%)
6% less funds holding
Funds holding: 244 → 230 (-14)
22% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 46
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$104M |
| 2 |
Bank of New York Mellon
New York
|
+$91.1M |
| 3 |
TCIM
TIAA CREF Investment Management
New York
|
+$72.1M |
| 4 |
IIM
Ivory Investment Management
New York
|
+$65.3M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$42.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$197M |
| 2 |
WIP
Wayzata Investment Partners
Wayzata,
Minnesota
|
-$69.2M |
| 3 |
SIG
Senator Investment Group
New York
|
-$61.1M |
| 4 |
CII
CR Intrinsic Investors
Stamford,
Connecticut
|
-$29.8M |
| 5 |
VM
Valinor Management
New York
|
-$29.6M |
OC Hedge Fund Activity: Q1 2014 in Review
230 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Owens Corning (OC) for Q1 2014, worth a combined $4.53B — up 3.2% from $4.39B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of OC and 36 opened new positions — a net loss of 10 holders — while 80 trimmed existing stakes and 78 added.
The largest buyer was Barrow, Hanley, Mewhinney & Strauss, opening a new position worth an estimated $104M. The largest seller was Wellington Management Group, cutting an estimated $197M.
- 230 institutional investors held Owens Corning (OC) as of Q1 2014, down from 244 in Q4 2013.
- Funds reported $4.53B of Owens Corning stock for Q1 2014, up 3.2% quarter-over-quarter.
- 36 funds opened new Owens Corning positions in Q1 2014 and 46 closed out, a net change of -10 holders.
- The largest Owens Corning buyer in Q1 2014 was Barrow, Hanley, Mewhinney & Strauss, an estimated $104M added.
- The largest Owens Corning seller in Q1 2014 was Wellington Management Group, an estimated $197M sold.
Based on aggregated 13F filings for Q1 2014.