POSCO
150 hedge funds and large institutions have $973M invested in POSCO in 2016 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 39 increasing their positions, 50 reducing their positions, and 29 closing their positions.
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
3% more capital invested
Capital invested by funds: $945M → $973M (+$28.1M)
2.51% less ownership
Funds ownership: 24.36% → 21.85% (-2.5%)
4% less funds holding
Funds holding: 156 → 150 (-6)
17% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 29
22% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 50
85% less call options, than puts
Call options by funds: $5.11M | Put options by funds: $34.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Handelsbanken Fonder
Stockholm,
Sweden
|
+$10.6M |
| 2 |
GI
Gavea Investimentos
Rj,
Brazil
|
+$9.49M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$9.36M |
| 4 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
+$9.16M |
| 5 |
ICP
Indus Capital Partners
New York
|
+$8.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KP
Kiltearn Partners
Edinburgh,
United Kingdom
|
-$46.2M |
| 2 |
Millennium Management
New York
|
-$26.3M |
| 3 |
TGI
Tradewinds Global Investors
Los Angeles,
California
|
-$15.9M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$15.4M |
| 5 |
Two Sigma Investments
New York
|
-$10.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
1832 Asset Management
Toronto,
Ontario, Canada
| – | -$2K | -44 | Closed |
|
177
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$1K | -32 | Closed |
|
|
KTC
178
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
| – | -$1K | -15 | Closed |
|
PKX Hedge Fund Activity: Q3 2016 in Review
150 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in POSCO (PKX) for Q3 2016, worth a combined $973M — up 3% from $945M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of PKX and 24 opened new positions — a net loss of 5 holders — while 50 trimmed existing stakes and 39 added.
The largest buyer was Handelsbanken Fonder, opening a new position worth an estimated $10.6M. The largest seller was Kiltearn Partners, cutting an estimated $46.2M.
- 150 institutional investors held POSCO (PKX) as of Q3 2016, down from 156 in Q2 2016.
- Funds reported $973M of POSCO stock for Q3 2016, up 3% quarter-over-quarter.
- 24 funds opened new POSCO positions in Q3 2016 and 29 closed out, a net change of -5 holders.
- The largest POSCO buyer in Q3 2016 was Handelsbanken Fonder, an estimated $10.6M added.
- The largest POSCO seller in Q3 2016 was Kiltearn Partners, an estimated $46.2M sold.
Based on aggregated 13F filings for Q3 2016.