POSCO
165 hedge funds and large institutions have $1.87B invested in POSCO in 2014 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 47 increasing their positions, 45 reducing their positions, and 10 closing their positions.
210% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 10
74% more call options, than puts
Call options by funds: $5.56M | Put options by funds: $3.19M
25% more funds holding in top 10
Funds holding in top 10: 12 → 15 (+3)
14% more funds holding
Funds holding: 145 → 165 (+20)
4% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 45
2% more capital invested
Capital invested by funds: $1.84B → $1.87B (+$28.7M)
0.08% less ownership
Funds ownership: 28.32% → 28.24% (-0.08%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$27M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$15.4M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$13.6M |
| 4 |
KP
Kiltearn Partners
Edinburgh,
United Kingdom
|
+$10.3M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$9.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Dupont Capital Management
Wilmington,
Delaware
|
-$48.5M |
| 2 |
TAM
Third Avenue Management
New York
|
-$31.4M |
| 3 |
Northern Trust
Chicago,
Illinois
|
-$9.58M |
| 4 |
SIM
Sprucegrove Investment Management
Toronto,
Ontario, Canada
|
-$6.76M |
| 5 |
Bank of New York Mellon
New York
|
-$6.04M |
PKX Hedge Fund Activity: Q3 2014 in Review
165 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in POSCO (PKX) for Q3 2014, worth a combined $1.87B — up 1.6% from $1.84B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new PKX positions and 10 closed out — a net gain of 21 holders — while 47 added to existing stakes and 45 trimmed.
The largest buyer was Driehaus Capital Management, opening a new position worth an estimated $27M. The largest seller was Dupont Capital Management, cutting an estimated $48.5M.
- 165 institutional investors held POSCO (PKX) as of Q3 2014, up from 145 in Q2 2014.
- Funds reported $1.87B of POSCO stock for Q3 2014, up 1.6% quarter-over-quarter.
- 31 funds opened new POSCO positions in Q3 2014 and 10 closed out, a net change of +21 holders.
- The largest POSCO buyer in Q3 2014 was Driehaus Capital Management, an estimated $27M added.
- The largest POSCO seller in Q3 2014 was Dupont Capital Management, an estimated $48.5M sold.
Based on aggregated 13F filings for Q3 2014.