Teck Resources
TECK
240 hedge funds and large institutions have $4.79B invested in Teck Resources in 2016 Q3 according to their latest regulatory filings, with 41 funds opening new positions, 61 increasing their positions, 100 reducing their positions, and 22 closing their positions.
86% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 22
33% more capital invested
Capital invested by funds: $3.61B → $4.79B (+$1.17B)
7% more funds holding
Funds holding: 224 → 240 (+16)
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
1.41% less ownership
Funds ownership: 47.96% → 46.55% (-1.4%)
39% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 100
42% less call options, than puts
Call options by funds: $208M | Put options by funds: $360M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$102M |
| 2 |
VanEck Associates
New York
|
+$67.9M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$54.7M |
| 4 |
IAM
Impala Asset Management
Palm Beach,
Florida
|
+$47.6M |
| 5 |
LM
Luminus Management
Houston,
Texas
|
+$32.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
-$120M |
| 2 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
-$81.1M |
| 3 |
SPC
Slate Path Capital
New York
|
-$80.5M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$46.5M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$44.2M |
TECK Hedge Fund Activity: Q3 2016 in Review
240 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Teck Resources (TECK) for Q3 2016, worth a combined $4.79B — up 33% from $3.61B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new TECK positions and 22 closed out — a net gain of 19 holders — while 61 added to existing stakes and 100 trimmed.
The largest buyer was Toronto Dominion Bank, adding an estimated $102M. The largest seller was Letko, Brosseau & Associates, cutting an estimated $120M.
- 240 institutional investors held Teck Resources (TECK) as of Q3 2016, up from 224 in Q2 2016.
- Funds reported $4.79B of Teck Resources stock for Q3 2016, up 33% quarter-over-quarter.
- 41 funds opened new Teck Resources positions in Q3 2016 and 22 closed out, a net change of +19 holders.
- The largest Teck Resources buyer in Q3 2016 was Toronto Dominion Bank, an estimated $102M added.
- The largest Teck Resources seller in Q3 2016 was Letko, Brosseau & Associates, an estimated $120M sold.
Based on aggregated 13F filings for Q3 2016.