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PPG Industries
PPG

715 hedge funds and large institutions have $19.2B invested in PPG Industries in 2013 Q4 according to their latest regulatory filings, with 94 funds opening new positions, 194 increasing their positions, 288 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

161% more first-time investments, than exits

New positions opened: 94 | Existing positions closed: 36

10% more capital invested

Capital invested by funds: $17.4B → $19.2B (+$1.79B)

8% more funds holding

Funds holding: 665 → 715 (+50)

3.37% less ownership

Funds ownership: 145.15% → 141.78% (-3.4%)

17% less call options, than puts

Call options by funds: $146M | Put options by funds: $177M

19% less funds holding in top 10

Funds holding in top 10: 16 → 13 (-3)

33% less repeat investments, than reductions

Existing positions increased: 194 | Existing positions reduced: 288

Holders
715
Holders Change
+50
Holders Change %
+7.52%
% of All Funds
20.75%
Holding in Top 10
13
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-18.75%
% of All Funds
0.38%
New
94
Increased
194
Reduced
288
Closed
36
Calls
$146M
Puts
$177M
Net Calls
-$30.8M
Net Calls Change
-$35.4M

Top Buyers

Rank Fund Capital Flow
1
WRF
Waddell & Reed Financial
Kansas
+$166M
2
Neuberger Berman Group
Neuberger Berman Group
New York
+$84.7M
3
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$77M
4
Citigroup
Citigroup
New York
+$65.4M
5
BIT
BlackRock Institutional Trust
California
+$50.5M

Top Sellers

Rank Fund Capital Flow
1
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$312M
2
BFA
BlackRock Fund Advisors
California
-$205M
3
BCPEM
Bain Capital Public Equity Management
Massachusetts
-$138M
4
MAA
Managed Account Advisors
New Jersey
-$62.6M
5
SC
Sculptor Capital
New York
-$50.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
HSA
501
HBK Sorce Advisory
Pennsylvania
$553K -$41.8K -464 -7%
CCFCSB
502
Cape Cod Five Cents Savings Bank
Massachusetts
$548K – – –
Envestnet Asset Management
503
Envestnet Asset Management
Illinois
$547K -$278K -3,086 -35%
STB
504
S&T Bank
Pennsylvania
$536K -$19.8K -220 -4%
FWIA
505
Fort Washington Investment Advisors
Ohio
$535K – – –
BHBT
506
Burke & Herbert Bank & Trust
Virginia
$534K -$22.5K -250 -4%
ABC
507
Associated Banc-Corp
Wisconsin
$532K +$51K +566 +11%
WHRC
508
W.H. Reaves & Co
New Jersey
$531K – – –
AA
509
ALPS Advisors
Colorado
$531K +$252K +2,800 +93%
HHC
510
Hutchin Hill Capital
New York
$531K +$505K +5,600 New
CT
511
Cambridge Trust
Massachusetts
$527K -$4.33K -48 -0.9%
TCOTO
512
Trust Company of the Ozarks
Missouri
$522K – – –
PGIM
513
Pacific Global Investment Management
California
$521K -$56.8K -630 -10%
RCM
514
RNC Capital Management
California
$519K -$56K -622 -10%
BB
515
Busey Bank
Illinois
$513K – – –
MCM
516
Manchester Capital Management
Vermont
$512K – – –
FFA
517
Fragasso Financial Advisors
Pennsylvania
$508K +$483K +5,358 New
CC
518
ClearArc Capital
Ohio
$502K -$4.14K -46 -0.9%
PNC
519
Park National Corp
Ohio
$498K +$21.6K +240 +5%
HMS
520
Hanseatic Management Services
New Mexico
$493K – – –
OPTFSNA
521
Old Point Trust & Financial Services N A
Virginia
$493K – – –
CI
522
Constellation Investments
Ohio
$493K +$36K +400 +8%
HCM
523
Herndon Capital Management
Georgia
$493K – – –
NPIT
524
National Penn Investors Trust
Pennsylvania
$489K -$27K -300 -5%
WTIM
525
Wilmington Trust Investment Management
Delaware
$482K -$72.1K -800 -14%
19 20
21
22 23

PPG Hedge Fund Activity: Q4 2013 in Review

715 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in PPG Industries (PPG) for Q4 2013, worth a combined $19.2B — up 10% from $17.4B a quarter earlier.

Buyers outnumbered sellers: 94 funds opened new PPG positions and 36 closed out — a net gain of 58 holders — while 194 added to existing stakes and 288 trimmed.

The largest buyer was Waddell & Reed Financial, adding an estimated $166M. The largest seller was Massachusetts Financial Services, cutting an estimated $312M.

  • 715 institutional investors held PPG Industries (PPG) as of Q4 2013, up from 665 in Q3 2013.
  • Funds reported $19.2B of PPG Industries stock for Q4 2013, up 10% quarter-over-quarter.
  • 94 funds opened new PPG Industries positions in Q4 2013 and 36 closed out, a net change of +58 holders.
  • The largest PPG Industries buyer in Q4 2013 was Waddell & Reed Financial, an estimated $166M added.
  • The largest PPG Industries seller in Q4 2013 was Massachusetts Financial Services, an estimated $312M sold.

Based on aggregated 13F filings for Q4 2013.