POSCO
145 hedge funds and large institutions have $1.27B invested in POSCO in 2015 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 58 increasing their positions, 47 reducing their positions, and 33 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 47
0.79% more ownership
Funds ownership: 24.5% → 25.29% (+0.79%)
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
7% less capital invested
Capital invested by funds: $1.35B → $1.27B (-$88.7M)
15% less funds holding
Funds holding: 170 → 145 (-25)
73% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 33
74% less call options, than puts
Call options by funds: $3.97M | Put options by funds: $15.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DS
Dalal Street
West Lake Hills,
Texas
|
+$41.5M |
| 2 |
SIM
Sprucegrove Investment Management
Toronto,
Ontario, Canada
|
+$18.5M |
| 3 |
KP
Kiltearn Partners
Edinburgh,
United Kingdom
|
+$16.3M |
| 4 |
BG
BlackRock Group
London,
United Kingdom
|
+$10.4M |
| 5 |
TAM
Third Avenue Management
New York
|
+$7.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIM
BlackRock Investment Management
Wilmington,
Delaware
|
-$15.7M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$6.9M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$6.73M |
| 4 |
MSA
Mason Street Advisors
Milwaukee,
Wisconsin
|
-$5.91M |
| 5 |
DCM
Dupont Capital Management
Wilmington,
Delaware
|
-$5.78M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$2K | -27 | Closed |
|
|
VNA
177
Valley National Advisers
Bethlehem,
Pennsylvania
| – | -$2K | -23 | Closed |
|
|
IWMPD
178
Integrated Wealth Management (Palm Desert)
Palm Desert,
California
| – | +$669 | +11 | New |
|
PKX Hedge Fund Activity: Q1 2015 in Review
145 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in POSCO (PKX) for Q1 2015, worth a combined $1.27B — down 6.5% from $1.35B a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of PKX and 9 opened new positions — a net loss of 24 holders — while 47 trimmed existing stakes and 58 added.
The largest buyer was Dalal Street, adding an estimated $41.5M. The largest seller was BlackRock Investment Management, cutting an estimated $15.7M.
- 145 institutional investors held POSCO (PKX) as of Q1 2015, down from 170 in Q4 2014.
- Funds reported $1.27B of POSCO stock for Q1 2015, down 6.5% quarter-over-quarter.
- 9 funds opened new POSCO positions in Q1 2015 and 33 closed out, a net change of -24 holders.
- The largest POSCO buyer in Q1 2015 was Dalal Street, an estimated $41.5M added.
- The largest POSCO seller in Q1 2015 was BlackRock Investment Management, an estimated $15.7M sold.
Based on aggregated 13F filings for Q1 2015.