PPG Industries
665 hedge funds and large institutions have $17.4B invested in PPG Industries in 2013 Q3 according to their latest regulatory filings, with 60 funds opening new positions, 207 increasing their positions, 256 reducing their positions, and 45 closing their positions.
33% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 45
18% more capital invested
Capital invested by funds: $14.8B → $17.4B (+$2.6B)
7% more funds holding in top 10
Funds holding in top 10: 15 → 16 (+1)
1% more funds holding
Funds holding: 656 → 665 (+9)
4% more call options, than puts
Call options by funds: $125M | Put options by funds: $121M
0.03% less ownership
Funds ownership: 145.18% → 145.15% (-0.03%)
19% less repeat investments, than reductions
Existing positions increased: 207 | Existing positions reduced: 256
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$198M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
+$68.3M |
| 3 |
SC
Sculptor Capital
New York
|
+$59.1M |
| 4 |
Charles Schwab
San Francisco,
California
|
+$52.7M |
| 5 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$47.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$138M |
| 2 |
BCPEM
Bain Capital Public Equity Management
Boston,
Massachusetts
|
-$114M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$91.7M |
| 4 |
KCM
Karsch Capital Management
New York
|
-$69.8M |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$64M |
PPG Hedge Fund Activity: Q3 2013 in Review
665 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in PPG Industries (PPG) for Q3 2013, worth a combined $17.4B — up 18% from $14.8B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new PPG positions and 45 closed out — a net gain of 15 holders — while 207 added to existing stakes and 256 trimmed.
The largest buyer was Lord, Abbett & Co, adding an estimated $198M. The largest seller was Fidelity Investments, cutting an estimated $138M.
- 665 institutional investors held PPG Industries (PPG) as of Q3 2013, up from 656 in Q2 2013.
- Funds reported $17.4B of PPG Industries stock for Q3 2013, up 18% quarter-over-quarter.
- 60 funds opened new PPG Industries positions in Q3 2013 and 45 closed out, a net change of +15 holders.
- The largest PPG Industries buyer in Q3 2013 was Lord, Abbett & Co, an estimated $198M added.
- The largest PPG Industries seller in Q3 2013 was Fidelity Investments, an estimated $138M sold.
Based on aggregated 13F filings for Q3 2013.