Terex
267 hedge funds and large institutions have $2.94B invested in Terex in 2016 Q4 according to their latest regulatory filings, with 55 funds opening new positions, 64 increasing their positions, 112 reducing their positions, and 21 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
162% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 21
130% more call options, than puts
Call options by funds: $104M | Put options by funds: $45.3M
33% more capital invested
Capital invested by funds: $2.2B → $2.94B (+$736M)
14% more funds holding
Funds holding: 235 → 267 (+32)
5.69% more ownership
Funds ownership: 82.28% → 87.96% (+5.7%)
43% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 112
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$42.6M |
| 2 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
+$41.4M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$35M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$30.8M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$14.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pzena Investment Management
New York
|
-$38.7M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$28.9M |
| 3 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$19.2M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
-$16.3M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$12.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
276
Jane Street
New York
| – | -$500K | -18,010 | Closed |
|
277
Wolverine Trading
Chicago,
Illinois
| – | -$398K | -14,343 | Closed |
|
|
ICM
278
Ionic Capital Management
New York
| – | -$279K | -10,054 | Closed |
|
|
EMG
279
Ellington Management Group
Old Greenwich,
Connecticut
| – | -$213K | -8,400 | Closed |
|
|
EPM
280
Equitec Proprietary Markets
Chicago,
Illinois
| – | -$196K | -7,700 | Closed |
|
|
BCM
281
Bluefin Capital Management
New York
| – | -$131K | -5,159 | Closed |
|
|
PCM
282
Prelude Capital Management
New York
| – | -$100K | -3,941 | Closed |
|
|
FMA
283
FNY Managed Accounts
New York
| – | -$71.1K | -2,800 | Closed |
|
|
PHK
284
Point72 Hong Kong
Hong Kong
| – | -$53K | -2,100 | Closed |
|
285
Parallax Volatility Advisers
San Francisco,
California
| – | -$55.8K | -2,013 | Closed |
|
|
QT
286
Quantbot Technologies
New York
| – | -$49K | -1,937 | Closed |
|
|
CFA
287
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$25K | -1,000 | Closed |
|
TEX Hedge Fund Activity: Q4 2016 in Review
267 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Terex (TEX) for Q4 2016, worth a combined $2.94B — up 33% from $2.2B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new TEX positions and 21 closed out — a net gain of 34 holders — while 64 added to existing stakes and 112 trimmed.
The largest buyer was Millennium Management, adding an estimated $42.6M. The largest seller was Pzena Investment Management, cutting an estimated $38.7M.
- 267 institutional investors held Terex (TEX) as of Q4 2016, up from 235 in Q3 2016.
- Funds reported $2.94B of Terex stock for Q4 2016, up 33% quarter-over-quarter.
- 55 funds opened new Terex positions in Q4 2016 and 21 closed out, a net change of +34 holders.
- The largest Terex buyer in Q4 2016 was Millennium Management, an estimated $42.6M added.
- The largest Terex seller in Q4 2016 was Pzena Investment Management, an estimated $38.7M sold.
Based on aggregated 13F filings for Q4 2016.