Terex
TEX
334 hedge funds and large institutions have $4.02B invested in Terex in 2014 Q2 according to their latest regulatory filings, with 62 funds opening new positions, 102 increasing their positions, 126 reducing their positions, and 42 closing their positions.
48% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 42
6% more funds holding
Funds holding: 315 → 334 (+19)
3.27% less ownership
Funds ownership: 91.92% → 88.65% (-3.3%)
14% less capital invested
Capital invested by funds: $4.66B → $4.02B (-$641M)
19% less repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 126
30% less call options, than puts
Call options by funds: $61.2M | Put options by funds: $86.9M
60% less funds holding in top 10
Funds holding in top 10: 10 → 4 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$88.5M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$35.5M |
| 3 |
D.E. Shaw & Co
New York
|
+$17.7M |
| 4 |
Calamos Advisors
Naperville,
Illinois
|
+$14.8M |
| 5 |
AIM
Atlantic Investment Management
New York
|
+$14.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IIS
Ignis Investment Services
Edinburgh,
United Kingdom
|
-$178M |
| 2 |
Lazard Asset Management
New York
|
-$109M |
| 3 |
PCM
Pennant Capital Management
Summit,
New Jersey
|
-$41.7M |
| 4 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$35.4M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$34.8M |
TEX Hedge Fund Activity: Q2 2014 in Review
334 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Terex (TEX) for Q2 2014, worth a combined $4.02B — down 14% from $4.66B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new TEX positions and 42 closed out — a net gain of 20 holders — while 102 added to existing stakes and 126 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $88.5M. The largest seller was Ignis Investment Services, exiting entirely with an estimated $178M sold.
- 334 institutional investors held Terex (TEX) as of Q2 2014, up from 315 in Q1 2014.
- Funds reported $4.02B of Terex stock for Q2 2014, down 14% quarter-over-quarter.
- 62 funds opened new Terex positions in Q2 2014 and 42 closed out, a net change of +20 holders.
- The largest Terex buyer in Q2 2014 was T. Rowe Price Associates, an estimated $88.5M added.
- The largest Terex seller in Q2 2014 was Ignis Investment Services, an estimated $178M sold.
Based on aggregated 13F filings for Q2 2014.