Spectrum Brands
284 hedge funds and large institutions have $2.5B invested in Spectrum Brands in 2023 Q4 according to their latest regulatory filings, with 69 funds opening new positions, 58 increasing their positions, 118 reducing their positions, and 47 closing their positions.
47% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 47
46% more call options, than puts
Call options by funds: $76.3M | Put options by funds: $52.1M
6% more funds holding
Funds holding: 267 → 284 (+17)
8.98% less ownership
Funds ownership: 97.68% → 88.7% (-9%)
9% less capital invested
Capital invested by funds: $2.75B → $2.5B (-$253M)
30% less funds holding in top 10
Funds holding in top 10: 10 → 7 (-3)
51% less repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 118
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$42.8M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$33.3M |
| 3 |
Barclays
London,
United Kingdom
|
+$16M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$13M |
| 5 |
William Blair Investment Management
Chicago,
Illinois
|
+$8.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
-$83.3M |
| 2 |
CCM
Channing Capital Management
Chicago,
Illinois
|
-$69M |
| 3 |
Millennium Management
New York
|
-$24M |
| 4 |
EC
Eminence Capital
New York
|
-$20.5M |
| 5 |
CC
Clearline Capital
New York
|
-$19.1M |
SPB Hedge Fund Activity: Q4 2023 in Review
284 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Spectrum Brands (SPB) for Q4 2023, worth a combined $2.5B — down 9.2% from $2.75B a quarter earlier.
Buyers outnumbered sellers: 69 funds opened new SPB positions and 47 closed out — a net gain of 22 holders — while 58 added to existing stakes and 118 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $42.8M. The largest seller was Nuveen, cutting an estimated $83.3M.
- 284 institutional investors held Spectrum Brands (SPB) as of Q4 2023, up from 267 in Q3 2023.
- Funds reported $2.5B of Spectrum Brands stock for Q4 2023, down 9.2% quarter-over-quarter.
- 69 funds opened new Spectrum Brands positions in Q4 2023 and 47 closed out, a net change of +22 holders.
- The largest Spectrum Brands buyer in Q4 2023 was Morgan Stanley, an estimated $42.8M added.
- The largest Spectrum Brands seller in Q4 2023 was Nuveen, an estimated $83.3M sold.
Based on aggregated 13F filings for Q4 2023.