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PPG Industries
PPG

980 hedge funds and large institutions have $25.3B invested in PPG Industries in 2023 Q1 according to their latest regulatory filings, with 102 funds opening new positions, 327 increasing their positions, 330 reducing their positions, and 65 closing their positions.

New
Increased
Maintained
Reduced
Closed

137% more call options, than puts

Call options by funds: $188M | Put options by funds: $79.4M

57% more first-time investments, than exits

New positions opened: 102 | Existing positions closed: 65

40% more funds holding in top 10

Funds holding in top 10: 5 → 7 (+2)

6% more capital invested

Capital invested by funds: $23.9B → $25.3B (+$1.41B)

2% more funds holding

Funds holding: 960 → 980 (+20)

0.85% less ownership

Funds ownership: 81.34% → 80.49% (-0.85%)

1% less repeat investments, than reductions

Existing positions increased: 327 | Existing positions reduced: 330

Holders
980
Holders Change
+20
Holders Change %
+2.08%
% of All Funds
15.62%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.11%
New
102
Increased
327
Reduced
330
Closed
65
Calls
$188M
Puts
$79.4M
Net Calls
+$108M
Net Calls Change
+$42.4M

Top Buyers

1
Citadel Advisors
Citadel Advisors
Florida
+$202M
2
JP Morgan Chase
JP Morgan Chase
New York
+$153M
3
Invesco
Invesco
Georgia
+$127M
4
Ameriprise
Ameriprise
Minnesota
+$90M
5
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$57.6M

Top Sellers

1
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$484M
2
Parnassus Investments
Parnassus Investments
California
-$163M
3
Wellington Management Group
Wellington Management Group
Massachusetts
-$129M
4
N
Nuveen
North Carolina
-$114M
5
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$100M
Name Holding Trade Value Shares
Change 		Change in
Stake
WG
676
Welch Group
Alabama
$290K – – –
NIM
677
Northeast Investment Management
Massachusetts
$290K – – –
Fayez Sarofim & Co
678
Fayez Sarofim & Co
Texas
$290K – – –
IW
679
Imprint Wealth
South Carolina
$289K +$279K +2,164 New
EGM
680
Engineers Gate Manager
New York
$285K +$275K +2,134 New
PWLP
681
Prio Wealth Limited Partnership
Massachusetts
$285K – – –
ECM
682
Estabrook Capital Management
New York
$285K -$7.22K -56 -3%
CI
683
Conning Inc
Connecticut
$284K -$3.23K -25 -1%
LNB
684
Ledyard National Bank
$284K -$2.32K -18 -0.8%
FCFC
685
First Commonwealth Financial Corp
Pennsylvania
$282K – – –
KIA
686
KCM Investment Advisors
California
$281K -$63.2K -490 -19%
AB
687
Atlas Brown
Kentucky
$281K – – –
JWCA
688
J.W. Coons Advisors
Ohio
$281K – – –
PIM
689
Penobscot Investment Management
Massachusetts
$281K – – –
HIC
690
Holderness Investments Company
North Carolina
$277K – – –
LW
691
Linscomb Wealth
Texas
$276K -$2.71K -21 -1%
JWM
692
Jeppson Wealth Management
California
$272K -$5.8K -45 -2%
SIA
693
Strategic Investment Advisors
Michigan
$270K +$34.3K +266 +15%
FA
694
Faithward Advisors
Pennsylvania
$270K +$254K +1,967 New
NCM
695
Novare Capital Management
North Carolina
$269K – – –
CCA
696
Checchi Capital Advisers
California
$269K -$5.8K -45 -2%
SDWMA
697
Schneider Downs Wealth Management Advisors
Pennsylvania
$268K -$70.8K -549 -21%
MFC
698
Mechanics Financial Corp
Ohio
$267K – – –
SSWM
699
Smith Salley Wealth Management
North Carolina
$267K – – –
TT
700
TI-Trust
Illinois
$267K – – –
26 27
28
29 30

PPG Hedge Fund Activity: Q1 2023 in Review

980 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in PPG Industries (PPG) for Q1 2023, worth a combined $25.3B — up 5.9% from $23.9B a quarter earlier.

Buyers outnumbered sellers: 102 funds opened new PPG positions and 65 closed out — a net gain of 37 holders — while 327 added to existing stakes and 330 trimmed.

The largest buyer was Citadel Advisors, adding an estimated $202M. The largest seller was Massachusetts Financial Services, cutting an estimated $484M.

  • 980 institutional investors held PPG Industries (PPG) as of Q1 2023, up from 960 in Q4 2022.
  • Funds reported $25.3B of PPG Industries stock for Q1 2023, up 5.9% quarter-over-quarter.
  • 102 funds opened new PPG Industries positions in Q1 2023 and 65 closed out, a net change of +37 holders.
  • The largest PPG Industries buyer in Q1 2023 was Citadel Advisors, an estimated $202M added.
  • The largest PPG Industries seller in Q1 2023 was Massachusetts Financial Services, an estimated $484M sold.

Based on aggregated 13F filings for Q1 2023.