Owens Corning
216 hedge funds and large institutions have $4.3B invested in Owens Corning in 2014 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 79 increasing their positions, 76 reducing their positions, and 46 closing their positions.
5.48% more ownership
Funds ownership: 88.93% → 94.41% (+5.5%)
4% more repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 76
6% less call options, than puts
Call options by funds: $49.9M | Put options by funds: $53M
5% less capital invested
Capital invested by funds: $4.53B → $4.3B (-$233M)
6% less funds holding
Funds holding: 230 → 216 (-14)
30% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 46
78% less funds holding in top 10
Funds holding in top 10: 9 → 2 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FC
Fairpointe Capital
Chicago,
Illinois
|
+$270M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$188M |
| 3 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$103M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
+$41.3M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$38.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$230M |
| 2 |
MCO
MAK Capital One
New York
|
-$41.5M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$40.2M |
| 4 |
Two Sigma Investments
New York
|
-$37.7M |
| 5 |
IIM
Ivory Investment Management
New York
|
-$28.7M |
OC Hedge Fund Activity: Q2 2014 in Review
216 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Owens Corning (OC) for Q2 2014, worth a combined $4.3B — down 5.1% from $4.53B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of OC and 32 opened new positions — a net loss of 14 holders — while 76 trimmed existing stakes and 79 added.
The largest buyer was Fairpointe Capital, opening a new position worth an estimated $270M. The largest seller was Wellington Management Group, cutting an estimated $230M.
- 216 institutional investors held Owens Corning (OC) as of Q2 2014, down from 230 in Q1 2014.
- Funds reported $4.3B of Owens Corning stock for Q2 2014, down 5.1% quarter-over-quarter.
- 32 funds opened new Owens Corning positions in Q2 2014 and 46 closed out, a net change of -14 holders.
- The largest Owens Corning buyer in Q2 2014 was Fairpointe Capital, an estimated $270M added.
- The largest Owens Corning seller in Q2 2014 was Wellington Management Group, an estimated $230M sold.
Based on aggregated 13F filings for Q2 2014.