Terex
294 hedge funds and large institutions have $4.23B invested in Terex in 2013 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 88 increasing their positions, 124 reducing their positions, and 49 closing their positions.
43% more funds holding in top 10
Funds holding in top 10: 7 → 10 (+3)
20% more capital invested
Capital invested by funds: $3.52B → $4.23B (+$712M)
1% more call options, than puts
Call options by funds: $80.7M | Put options by funds: $80M
2% less first-time investments, than exits
New positions opened: 48 | Existing positions closed: 49
2% less funds holding
Funds holding: 300 → 294 (-6)
3.29% less ownership
Funds ownership: 94.2% → 90.91% (-3.3%)
29% less repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 124
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$66.9M |
| 2 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$48M |
| 3 |
Goldman Sachs
New York
|
+$29.1M |
| 4 |
Credit Agricole
Montrouge Cedex,
France
|
+$19.9M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
+$19.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCIM
TIAA CREF Investment Management
New York
|
-$50M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$43.5M |
| 3 |
PHS
PFM Health Sciences
San Francisco,
California
|
-$42.5M |
| 4 |
FAM
Fred Alger Management
New York
|
-$37.7M |
| 5 |
PCM
Pennant Capital Management
Summit,
New Jersey
|
-$35.7M |
TEX Hedge Fund Activity: Q4 2013 in Review
294 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Terex (TEX) for Q4 2013, worth a combined $4.23B — up 20% from $3.52B a quarter earlier.
Sellers outnumbered buyers: 49 funds closed out of TEX and 48 opened new positions — a net loss of 1 holder — while 124 trimmed existing stakes and 88 added.
The largest buyer was Morgan Stanley, adding an estimated $66.9M. The largest seller was TIAA CREF Investment Management, cutting an estimated $50M.
- 294 institutional investors held Terex (TEX) as of Q4 2013, down from 300 in Q3 2013.
- Funds reported $4.23B of Terex stock for Q4 2013, up 20% quarter-over-quarter.
- 48 funds opened new Terex positions in Q4 2013 and 49 closed out, a net change of -1 holder.
- The largest Terex buyer in Q4 2013 was Morgan Stanley, an estimated $66.9M added.
- The largest Terex seller in Q4 2013 was TIAA CREF Investment Management, an estimated $50M sold.
Based on aggregated 13F filings for Q4 2013.