Terex
TEX
300 hedge funds and large institutions have $3.52B invested in Terex in 2013 Q3 according to their latest regulatory filings, with 69 funds opening new positions, 96 increasing their positions, 106 reducing their positions, and 37 closing their positions.
250% more funds holding in top 10
Funds holding in top 10: 2 → 7 (+5)
86% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 37
29% more capital invested
Capital invested by funds: $2.73B → $3.52B (+$795M)
12% more call options, than puts
Call options by funds: $77.3M | Put options by funds: $68.9M
11% more funds holding
Funds holding: 270 → 300 (+30)
0.85% more ownership
Funds ownership: 93.35% → 94.2% (+0.85%)
9% less repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 106
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$103M |
| 2 |
PHS
PFM Health Sciences
San Francisco,
California
|
+$38.3M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$25.2M |
| 4 |
CC
Carlson Capital
Dallas,
Texas
|
+$24.5M |
| 5 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$23.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RI
Relational Investors
San Diego,
California
|
-$65.8M |
| 2 |
PCM
Pennant Capital Management
Summit,
New Jersey
|
-$48.4M |
| 3 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$40.3M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$33.7M |
| 5 |
KAM
Keeley Asset Management
Chicago,
Illinois
|
-$29.9M |
TEX Hedge Fund Activity: Q3 2013 in Review
300 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Terex (TEX) for Q3 2013, worth a combined $3.52B — up 29% from $2.73B a quarter earlier.
Buyers outnumbered sellers: 69 funds opened new TEX positions and 37 closed out — a net gain of 32 holders — while 96 added to existing stakes and 106 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $103M. The largest seller was Relational Investors, exiting entirely with an estimated $65.8M sold.
- 300 institutional investors held Terex (TEX) as of Q3 2013, up from 270 in Q2 2013.
- Funds reported $3.52B of Terex stock for Q3 2013, up 29% quarter-over-quarter.
- 69 funds opened new Terex positions in Q3 2013 and 37 closed out, a net change of +32 holders.
- The largest Terex buyer in Q3 2013 was Goldman Sachs, an estimated $103M added.
- The largest Terex seller in Q3 2013 was Relational Investors, an estimated $65.8M sold.
Based on aggregated 13F filings for Q3 2013.