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PPG Industries
PPG

1,054 hedge funds and large institutions have $28.1B invested in PPG Industries in 2023 Q2 according to their latest regulatory filings, with 122 funds opening new positions, 365 increasing their positions, 335 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

190% more first-time investments, than exits

New positions opened: 122 | Existing positions closed: 42

95% more call options, than puts

Call options by funds: $232M | Put options by funds: $119M

57% more funds holding in top 10

Funds holding in top 10: 7 → 11 (+4)

11% more capital invested

Capital invested by funds: $25.3B → $28.1B (+$2.83B)

8% more funds holding

Funds holding: 980 → 1,054 (+74)

9% more repeat investments, than reductions

Existing positions increased: 365 | Existing positions reduced: 335

0.16% more ownership

Funds ownership: 80.49% → 80.65% (+0.16%)

Holders
1,054
Holders Change
+74
Holders Change %
+7.55%
% of All Funds
16.55%
Holding in Top 10
11
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+57.14%
% of All Funds
0.17%
New
122
Increased
365
Reduced
335
Closed
42
Calls
$232M
Puts
$119M
Net Calls
+$113M
Net Calls Change
+$4.44M

Top Buyers

Rank Fund Capital Flow
1
Viking Global Investors
Viking Global Investors
Connecticut
+$126M
2
DZ Bank
DZ Bank
Germany
+$109M
3
Millennium Management
Millennium Management
New York
+$83.5M
4
JCM
Junto Capital Management
New York
+$61.5M
5
Prudential Financial
Prudential Financial
New Jersey
+$50.5M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$489M
2
JP Morgan Chase
JP Morgan Chase
New York
-$257M
3
BlackRock
BlackRock
New York
-$177M
4
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$158M
5
ClearBridge Investments
ClearBridge Investments
New York
-$112M
Name Holding Trade Value Shares
Change 		Change in
Stake
Impax Asset Management Group
76
Impax Asset Management Group
United Kingdom
$48.2M +$2.32M +16,623 +5%
Fidelity Investments
77
Fidelity Investments
Massachusetts
$47.9M +$1.44M +10,300 +3%
Acadian Asset Management
78
Acadian Asset Management
Massachusetts
$47.8M +$41M +293,973 +1,035%
Two Sigma Investments
79
Two Sigma Investments
New York
$46.3M +$41.9M +300,046 +2,521%
AllianceBernstein
80
AllianceBernstein
Tennessee
$45.6M +$1.42M +10,195 +3%
National Pension Service
81
National Pension Service
South Korea
$45.3M +$5.58M +39,959 +15%
TC
82
TwinBeech Capital
New York
$45.1M +$42.4M +304,149 New
New York State Common Retirement Fund
83
New York State Common Retirement Fund
New York
$43.8M -$2.84M -20,320 -6%
NIMI
84
Natixis Investment Managers International
France
$42.8M -$410K -2,940 -1%
Canada Life
85
Canada Life
Manitoba, Canada
$40.6M -$1.07M -7,680 -3%
CCM
86
Candlestick Capital Management
Connecticut
$40.2M +$23.8M +170,836 +171%
State Board of Administration of Florida Retirement System
87
State Board of Administration of Florida Retirement System
Florida
$39M -$1.55M -11,135 -4%
FWCM
88
Ferguson Wellman Capital Management
Oregon
$38.9M +$29M +207,496 +377%
Mitsubishi UFJ Asset Management
89
Mitsubishi UFJ Asset Management
Japan
$38.1M +$2.06M +14,736 +6%
Renaissance Technologies
90
Renaissance Technologies
New York
$36.8M +$34.7M +248,400 New
GT
91
Glenmede Trust
Pennsylvania
$36.3M – – –
Robeco Institutional Asset Management
92
Robeco Institutional Asset Management
Netherlands
$36.1M +$28.4M +203,197 +502%
VDI
93
Vaughan David Investments
Illinois
$35.9M +$328K +2,351 +1%
Janney Montgomery Scott
94
Janney Montgomery Scott
Pennsylvania
$35.5M +$435K +3,115 +1%
New York State Teachers Retirement System (NYSTRS)
95
New York State Teachers Retirement System (NYSTRS)
New York
$35.3M -$229K -1,640 -0.7%
State of Tennessee, Department of Treasury
96
State of Tennessee, Department of Treasury
Tennessee
$35M +$27.8M +199,241 +544%
Adage Capital Partners
97
Adage Capital Partners
Massachusetts
$34.8M +$27.8M +199,300 +565%
Assenagon Asset Management
98
Assenagon Asset Management
Luxembourg
$33.8M +$30.6M +219,131 +2,570%
US Bancorp
99
US Bancorp
Minnesota
$33.5M -$3.04M -21,798 -9%
State of Wisconsin Investment Board
100
State of Wisconsin Investment Board
Wisconsin
$31.4M -$1.23M -8,832 -4%
2 3
4
5 6

PPG Hedge Fund Activity: Q2 2023 in Review

1,054 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in PPG Industries (PPG) for Q2 2023, worth a combined $28.1B — up 11% from $25.3B a quarter earlier.

Buyers outnumbered sellers: 122 funds opened new PPG positions and 42 closed out — a net gain of 80 holders — while 365 added to existing stakes and 335 trimmed.

The largest buyer was Viking Global Investors, opening a new position worth an estimated $126M. The largest seller was Wellington Management Group, cutting an estimated $489M.

  • 1,054 institutional investors held PPG Industries (PPG) as of Q2 2023, up from 980 in Q1 2023.
  • Funds reported $28.1B of PPG Industries stock for Q2 2023, up 11% quarter-over-quarter.
  • 122 funds opened new PPG Industries positions in Q2 2023 and 42 closed out, a net change of +80 holders.
  • The largest PPG Industries buyer in Q2 2023 was Viking Global Investors, an estimated $126M added.
  • The largest PPG Industries seller in Q2 2023 was Wellington Management Group, an estimated $489M sold.

Based on aggregated 13F filings for Q2 2023.