Packaging Corp of America
379 hedge funds and large institutions have $5.4B invested in Packaging Corp of America in 2015 Q2 according to their latest regulatory filings, with 83 funds opening new positions, 153 increasing their positions, 106 reducing their positions, and 67 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
50% more call options, than puts
Call options by funds: $64.9M | Put options by funds: $43.4M
44% more repeat investments, than reductions
Existing positions increased: 153 | Existing positions reduced: 106
24% more first-time investments, than exits
New positions opened: 83 | Existing positions closed: 67
4% more funds holding
Funds holding: 366 → 379 (+13)
4.58% less ownership
Funds ownership: 92.71% → 88.13% (-4.6%)
22% less capital invested
Capital invested by funds: $6.92B → $5.4B (-$1.52B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$92M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
+$78.4M |
| 3 |
Goldman Sachs
New York
|
+$58.9M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$47.9M |
| 5 |
SAM
Sheffield Asset Management
Chicago,
Illinois
|
+$34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sasco Capital
Fairfield,
Connecticut
|
-$284M |
| 2 |
First Eagle Investment Management
New York
|
-$245M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$101M |
| 4 |
GCM
Glenview Capital Management
New York
|
-$96.8M |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
-$67.5M |
PKG Hedge Fund Activity: Q2 2015 in Review
379 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Packaging Corp of America (PKG) for Q2 2015, worth a combined $5.4B — down 22% from $6.92B a quarter earlier.
Buyers outnumbered sellers: 83 funds opened new PKG positions and 67 closed out — a net gain of 16 holders — while 153 added to existing stakes and 106 trimmed.
The largest buyer was Wedge Capital Management, opening a new position worth an estimated $92M. The largest seller was Sasco Capital, cutting an estimated $284M.
- 379 institutional investors held Packaging Corp of America (PKG) as of Q2 2015, up from 366 in Q1 2015.
- Funds reported $5.4B of Packaging Corp of America stock for Q2 2015, down 22% quarter-over-quarter.
- 83 funds opened new Packaging Corp of America positions in Q2 2015 and 67 closed out, a net change of +16 holders.
- The largest Packaging Corp of America buyer in Q2 2015 was Wedge Capital Management, an estimated $92M added.
- The largest Packaging Corp of America seller in Q2 2015 was Sasco Capital, an estimated $284M sold.
Based on aggregated 13F filings for Q2 2015.