POSCO
151 hedge funds and large institutions have $1.88B invested in POSCO in 2013 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 43 increasing their positions, 44 reducing their positions, and 14 closing their positions.
100% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 14
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
10% more funds holding
Funds holding: 137 → 151 (+14)
2% more capital invested
Capital invested by funds: $1.84B → $1.88B (+$39.5M)
2% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 44
1.11% less ownership
Funds ownership: 28.6% → 27.49% (-1.1%)
86% less call options, than puts
Call options by funds: $1.26M | Put options by funds: $8.77M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EARNEST Partners
Atlanta,
Georgia
|
+$16.6M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$13.2M |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$9.79M |
| 4 |
SIM
Sprucegrove Investment Management
Toronto,
Ontario, Canada
|
+$8.95M |
| 5 |
MSA
Mason Street Advisors
Milwaukee,
Wisconsin
|
+$7.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IG
ING Group
Amsterdam,
Netherlands
|
-$58.8M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$46.4M |
| 3 |
TAM
Third Avenue Management
New York
|
-$11.9M |
| 4 |
Nordea Investment Management
Stockholm,
Sweden
|
-$8.69M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
-$8.62M |
PKX Hedge Fund Activity: Q4 2013 in Review
151 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in POSCO (PKX) for Q4 2013, worth a combined $1.88B — up 2.1% from $1.84B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new PKX positions and 14 closed out — a net gain of 14 holders — while 43 added to existing stakes and 44 trimmed.
The largest buyer was EARNEST Partners, opening a new position worth an estimated $16.6M. The largest seller was ING Group, exiting entirely with an estimated $58.8M sold.
- 151 institutional investors held POSCO (PKX) as of Q4 2013, up from 137 in Q3 2013.
- Funds reported $1.88B of POSCO stock for Q4 2013, up 2.1% quarter-over-quarter.
- 28 funds opened new POSCO positions in Q4 2013 and 14 closed out, a net change of +14 holders.
- The largest POSCO buyer in Q4 2013 was EARNEST Partners, an estimated $16.6M added.
- The largest POSCO seller in Q4 2013 was ING Group, an estimated $58.8M sold.
Based on aggregated 13F filings for Q4 2013.