Terex
301 hedge funds and large institutions have $3.04B invested in Terex in 2014 Q3 according to their latest regulatory filings, with 42 funds opening new positions, 136 increasing their positions, 88 reducing their positions, and 70 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 88
1.99% less ownership
Funds ownership: 88.65% → 86.67% (-2%)
10% less funds holding
Funds holding: 335 → 301 (-34)
24% less capital invested
Capital invested by funds: $4.02B → $3.04B (-$983M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
30% less call options, than puts
Call options by funds: $62.1M | Put options by funds: $88.6M
40% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 70
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pzena Investment Management
New York
|
+$72M |
| 2 |
TCIM
TIAA CREF Investment Management
New York
|
+$48.4M |
| 3 |
PCM
Pennant Capital Management
Summit,
New Jersey
|
+$25M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$24.5M |
| 5 |
AIM
Atlantic Investment Management
New York
|
+$23.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$69M |
| 2 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$44.7M |
| 3 |
PHS
PFM Health Sciences
San Francisco,
California
|
-$40.8M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$31.9M |
| 5 |
SA
Smithwood Advisers
Los Angeles,
California
|
-$30.8M |
TEX Hedge Fund Activity: Q3 2014 in Review
301 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Terex (TEX) for Q3 2014, worth a combined $3.04B — down 24% from $4.02B a quarter earlier.
Sellers outnumbered buyers: 70 funds closed out of TEX and 42 opened new positions — a net loss of 28 holders — while 88 trimmed existing stakes and 136 added.
The largest buyer was Pzena Investment Management, adding an estimated $72M. The largest seller was Lord, Abbett & Co, cutting an estimated $69M.
- 301 institutional investors held Terex (TEX) as of Q3 2014, down from 335 in Q2 2014.
- Funds reported $3.04B of Terex stock for Q3 2014, down 24% quarter-over-quarter.
- 42 funds opened new Terex positions in Q3 2014 and 70 closed out, a net change of -28 holders.
- The largest Terex buyer in Q3 2014 was Pzena Investment Management, an estimated $72M added.
- The largest Terex seller in Q3 2014 was Lord, Abbett & Co, an estimated $69M sold.
Based on aggregated 13F filings for Q3 2014.