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PPG Industries
PPG

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
665
Holders Change
+9
Holders Change %
+1.37%
% of All Funds
21.56%
Holding in Top 10
16
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+6.67%
% of All Funds
0.52%
New
60
Increased
207
Reduced
256
Closed
45
Calls
$125M
Puts
$121M
Net Calls
+$4.58M
Net Calls Change
+$11.9M

Top Buyers

1
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$198M
2
Prudential Financial
Prudential Financial
New Jersey
+$68.3M
3
SC
Sculptor Capital
New York
+$59.1M
4
Charles Schwab
Charles Schwab
California
+$52.7M
5
MAA
Managed Account Advisors
New Jersey
+$47.7M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$138M
2
BCPEM
Bain Capital Public Equity Management
Massachusetts
-$114M
3
Citadel Advisors
Citadel Advisors
Florida
-$91.7M
4
KCM
Karsch Capital Management
New York
-$69.8M
5
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$64M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.32B +$18.7M +234,356 +2%
State Street
2
State Street
Massachusetts
$1.18B +$769K +9,618 +0.1%
Massachusetts Financial Services
3
Massachusetts Financial Services
Massachusetts
$1.08B +$15.5M +194,336 +2%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$782M -$138M -1,726,144 -16%
BIT
5
BlackRock Institutional Trust
California
$665M +$22.2M +277,352 +4%
JP Morgan Chase
6
JP Morgan Chase
New York
$635M -$7.94M -99,246 -1%
Loomis, Sayles & Company
7
Loomis, Sayles & Company
Massachusetts
$543M -$3.68K -46 -0%
Bank of New York Mellon
8
Bank of New York Mellon
New York
$465M -$7.28M -90,992 -2%
BFA
9
BlackRock Fund Advisors
California
$446M +$9.43M +117,868 +2%
ClearBridge Investments
10
ClearBridge Investments
New York
$373M +$2.99M +37,382 +0.8%
SC
11
Sculptor Capital
New York
$362M +$59.1M +739,456 +21%
Invesco
12
Invesco
Georgia
$356M -$22.1M -276,214 -6%
Northern Trust
13
Northern Trust
Illinois
$311M -$8.45M -105,582 -3%
JHIU
14
Janus Henderson Investors US
Colorado
$252M +$19.3M +241,770 +9%
PNC Financial Services Group
15
PNC Financial Services Group
Pennsylvania
$232M -$4.93M -61,682 -2%
TCIM
16
TIAA CREF Investment Management
New York
$230M -$618K -7,722 -0.3%
Lord, Abbett & Co
17
Lord, Abbett & Co
New Jersey
$225M +$198M +2,477,430 +1,118%
O
18
OppenheimerFunds
New York
$221M -$12.8M -159,436 -6%
Norges Bank
19
Norges Bank
Norway
$205M -$35M -437,074 -15%
Bank of Montreal
20
Bank of Montreal
Ontario, Canada
$192M +$9.41M +117,620 +5%
BG
21
BlackRock Group
United Kingdom
$179M +$21.8M +272,794 +15%
PAM
22
Panagora Asset Management
Massachusetts
$176M +$12.2M +152,902 +8%
MAA
23
Managed Account Advisors
New Jersey
$173M +$47.7M +596,012 +40%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$163M +$5.41M +67,608 +4%
Axa
25
Axa
France
$156M +$12.8M +160,442 +9%
1
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PPG Hedge Fund Activity: Q3 2013 in Review

665 of the 3,084 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.