PPG Industries
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$166M |
| 2 |
Neuberger Berman Group
New York
|
+$84.7M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$77M |
| 4 |
Citigroup
New York
|
+$65.4M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$50.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$312M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$205M |
| 3 |
BCPEM
Bain Capital Public Equity Management
Boston,
Massachusetts
|
-$138M |
| 4 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
-$62.6M |
| 5 |
SC
Sculptor Capital
New York
|
-$50.8M |
PPG Hedge Fund Activity: Q4 2013 in Review
715 of the 3,445 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.