POSCO
170 hedge funds and large institutions have $1.35B invested in POSCO in 2014 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 45 increasing their positions, 55 reducing their positions, and 32 closing their positions.
28% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 32
3% more funds holding
Funds holding: 165 → 170 (+5)
3.74% less ownership
Funds ownership: 28.24% → 24.5% (-3.7%)
18% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 55
27% less capital invested
Capital invested by funds: $1.87B → $1.35B (-$512M)
53% less funds holding in top 10
Funds holding in top 10: 15 → 7 (-8)
72% less call options, than puts
Call options by funds: $1.85M | Put options by funds: $6.68M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$10.4M |
| 2 |
KP
Kiltearn Partners
Edinburgh,
United Kingdom
|
+$8.42M |
| 3 |
Two Sigma Investments
New York
|
+$8.36M |
| 4 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$7.74M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$5.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Dupont Capital Management
Wilmington,
Delaware
|
-$63.9M |
| 2 |
DS
Dalal Street
West Lake Hills,
Texas
|
-$43.6M |
| 3 |
VDBMI
Van Den Berg Management I
Austin,
Texas
|
-$40.9M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$33M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$25.7M |
PKX Hedge Fund Activity: Q4 2014 in Review
170 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in POSCO (PKX) for Q4 2014, worth a combined $1.35B — down 27% from $1.87B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new PKX positions and 32 closed out — a net gain of 9 holders — while 45 added to existing stakes and 55 trimmed.
The largest buyer was Oxford Asset Management, opening a new position worth an estimated $10.4M. The largest seller was Dupont Capital Management, cutting an estimated $63.9M.
- 170 institutional investors held POSCO (PKX) as of Q4 2014, up from 165 in Q3 2014.
- Funds reported $1.35B of POSCO stock for Q4 2014, down 27% quarter-over-quarter.
- 41 funds opened new POSCO positions in Q4 2014 and 32 closed out, a net change of +9 holders.
- The largest POSCO buyer in Q4 2014 was Oxford Asset Management, an estimated $10.4M added.
- The largest POSCO seller in Q4 2014 was Dupont Capital Management, an estimated $63.9M sold.
Based on aggregated 13F filings for Q4 2014.