POSCO
140 hedge funds and large institutions have $1.6B invested in POSCO in 2014 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 50 increasing their positions, 40 reducing their positions, and 28 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 40
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
0.97% less ownership
Funds ownership: 27.49% → 26.52% (-0.97%)
7% less funds holding
Funds holding: 151 → 140 (-11)
14% less capital invested
Capital invested by funds: $1.88B → $1.6B (-$270M)
29% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 28
75% less call options, than puts
Call options by funds: $1.27M | Put options by funds: $5.12M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VDBMI
Van Den Berg Management I
Austin,
Texas
|
+$25.3M |
| 2 |
KP
Kiltearn Partners
Edinburgh,
United Kingdom
|
+$18.6M |
| 3 |
SIM
Sprucegrove Investment Management
Toronto,
Ontario, Canada
|
+$18.5M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$12.2M |
| 5 |
BIP
Brandes Investment Partners
La Jolla,
California
|
+$9.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$61.6M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$47.7M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$24.8M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$15.6M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$9.05M |
PKX Hedge Fund Activity: Q1 2014 in Review
140 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in POSCO (PKX) for Q1 2014, worth a combined $1.6B — down 14% from $1.88B a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of PKX and 20 opened new positions — a net loss of 8 holders — while 40 trimmed existing stakes and 50 added.
The largest buyer was Van Den Berg Management I, adding an estimated $25.3M. The largest seller was Principal Financial Group, exiting entirely with an estimated $61.6M sold.
- 140 institutional investors held POSCO (PKX) as of Q1 2014, down from 151 in Q4 2013.
- Funds reported $1.6B of POSCO stock for Q1 2014, down 14% quarter-over-quarter.
- 20 funds opened new POSCO positions in Q1 2014 and 28 closed out, a net change of -8 holders.
- The largest POSCO buyer in Q1 2014 was Van Den Berg Management I, an estimated $25.3M added.
- The largest POSCO seller in Q1 2014 was Principal Financial Group, an estimated $61.6M sold.
Based on aggregated 13F filings for Q1 2014.