Packaging Corp of America
650 hedge funds and large institutions have $10.9B invested in Packaging Corp of America in 2023 Q2 according to their latest regulatory filings, with 62 funds opening new positions, 213 increasing their positions, 258 reducing their positions, and 67 closing their positions.
34% more call options, than puts
Call options by funds: $25.1M | Put options by funds: $18.7M
0.7% less ownership
Funds ownership: 92.39% → 91.69% (-0.7%)
1% less funds holding
Funds holding: 656 → 650 (-6)
7% less first-time investments, than exits
New positions opened: 62 | Existing positions closed: 67
5% less capital invested
Capital invested by funds: $11.5B → $10.9B (-$597M)
17% less repeat investments, than reductions
Existing positions increased: 213 | Existing positions reduced: 258
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
+$68.3M |
| 2 |
Goldman Sachs
New York
|
+$49M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$45.8M |
| 4 |
JP Morgan Chase
New York
|
+$41.2M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
+$39.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$94.3M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$44.8M |
| 3 |
Amundi
Paris,
France
|
-$31.6M |
| 4 |
AAMU
AEGON Asset Management (UK)
Edinburgh,
United Kingdom
|
-$29.6M |
| 5 |
BNP Paribas Asset Management
Paris,
France
|
-$24.9M |
PKG Hedge Fund Activity: Q2 2023 in Review
650 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Packaging Corp of America (PKG) for Q2 2023, worth a combined $10.9B — down 5.2% from $11.5B a quarter earlier.
Sellers outnumbered buyers: 67 funds closed out of PKG and 62 opened new positions — a net loss of 5 holders — while 258 trimmed existing stakes and 213 added.
The largest buyer was Adage Capital Partners, adding an estimated $68.3M. The largest seller was Bank of America, cutting an estimated $94.3M.
- 650 institutional investors held Packaging Corp of America (PKG) as of Q2 2023, down from 656 in Q1 2023.
- Funds reported $10.9B of Packaging Corp of America stock for Q2 2023, down 5.2% quarter-over-quarter.
- 62 funds opened new Packaging Corp of America positions in Q2 2023 and 67 closed out, a net change of -5 holders.
- The largest Packaging Corp of America buyer in Q2 2023 was Adage Capital Partners, an estimated $68.3M added.
- The largest Packaging Corp of America seller in Q2 2023 was Bank of America, an estimated $94.3M sold.
Based on aggregated 13F filings for Q2 2023.