Teck Resources
TECK
211 hedge funds and large institutions have $2.76B invested in Teck Resources in 2015 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 82 increasing their positions, 71 reducing their positions, and 41 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 71
3.84% more ownership
Funds ownership: 44.8% → 48.65% (+3.8%)
6% less funds holding
Funds holding: 224 → 211 (-13)
21% less capital invested
Capital invested by funds: $3.52B → $2.76B (-$754M)
27% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 41
36% less call options, than puts
Call options by funds: $66.2M | Put options by funds: $104M
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dodge & Cox
San Francisco,
California
|
+$141M |
| 2 |
LM
Luminus Management
Houston,
Texas
|
+$61.4M |
| 3 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
+$32.9M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$31.5M |
| 5 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
+$24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$54.1M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$26.3M |
| 3 |
TAM
Taylor Asset Management
Toronto,
Ontario, Canada
|
-$24.6M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$19.6M |
| 5 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$16.4M |
TECK Hedge Fund Activity: Q2 2015 in Review
211 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Teck Resources (TECK) for Q2 2015, worth a combined $2.76B — down 21% from $3.52B a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of TECK and 30 opened new positions — a net loss of 11 holders — while 71 trimmed existing stakes and 82 added.
The largest buyer was Dodge & Cox, adding an estimated $141M. The largest seller was Fiera Capital (Canada), cutting an estimated $54.1M.
- 211 institutional investors held Teck Resources (TECK) as of Q2 2015, down from 224 in Q1 2015.
- Funds reported $2.76B of Teck Resources stock for Q2 2015, down 21% quarter-over-quarter.
- 30 funds opened new Teck Resources positions in Q2 2015 and 41 closed out, a net change of -11 holders.
- The largest Teck Resources buyer in Q2 2015 was Dodge & Cox, an estimated $141M added.
- The largest Teck Resources seller in Q2 2015 was Fiera Capital (Canada), an estimated $54.1M sold.
Based on aggregated 13F filings for Q2 2015.