POSCO
137 hedge funds and large institutions have $1.84B invested in POSCO in 2013 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 47 increasing their positions, 42 reducing their positions, and 15 closing their positions.
33% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 15
12% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 42
4% more funds holding
Funds holding: 132 → 137 (+5)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
4% less capital invested
Capital invested by funds: $1.92B → $1.84B (-$80.8M)
5.26% less ownership
Funds ownership: 33.86% → 28.6% (-5.3%)
73% less call options, than puts
Call options by funds: $7.48M | Put options by funds: $28.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$44.7M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
+$36.2M |
| 3 |
DCM
Dupont Capital Management
Wilmington,
Delaware
|
+$30.6M |
| 4 |
SBCM
Schwerin Boyle Capital Management
Springfield,
Massachusetts
|
+$20.6M |
| 5 |
VDBMI
Van Den Berg Management I
Austin,
Texas
|
+$15.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$186M |
| 2 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
-$185M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$68.8M |
| 4 |
IG
ING Group
Amsterdam,
Netherlands
|
-$18.1M |
| 5 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
-$13.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FNBT
151
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$1K | -13 | Closed |
|
152
Twin Tree Management
Dallas,
Texas
| – | -$1K | -8 | Closed |
|
PKX Hedge Fund Activity: Q3 2013 in Review
137 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in POSCO (PKX) for Q3 2013, worth a combined $1.84B — down 4.2% from $1.92B a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new PKX positions and 15 closed out — a net gain of 5 holders — while 47 added to existing stakes and 42 trimmed.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $44.7M. The largest seller was Bank of America, cutting an estimated $186M.
- 137 institutional investors held POSCO (PKX) as of Q3 2013, up from 132 in Q2 2013.
- Funds reported $1.84B of POSCO stock for Q3 2013, down 4.2% quarter-over-quarter.
- 20 funds opened new POSCO positions in Q3 2013 and 15 closed out, a net change of +5 holders.
- The largest POSCO buyer in Q3 2013 was Wellington Management Group, an estimated $44.7M added.
- The largest POSCO seller in Q3 2013 was Bank of America, an estimated $186M sold.
Based on aggregated 13F filings for Q3 2013.