Terex
235 hedge funds and large institutions have $2.2B invested in Terex in 2016 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 76 increasing their positions, 92 reducing their positions, and 47 closing their positions.
22% more capital invested
Capital invested by funds: $1.81B → $2.2B (+$392M)
0.76% more ownership
Funds ownership: 81.52% → 82.28% (+0.76%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less call options, than puts
Call options by funds: $29.3M | Put options by funds: $31.3M
7% less funds holding
Funds holding: 252 → 235 (-17)
17% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 92
32% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 47
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$28.6M |
| 2 |
MCM
Marcato Capital Management
San Francisco,
California
|
+$25.4M |
| 3 |
Teacher Retirement System of Texas
Austin,
Texas
|
+$15.8M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$15.7M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$15.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential Financial
Newark,
New Jersey
|
-$31.3M |
| 2 |
HCM
Highline Capital Management
New York
|
-$14.6M |
| 3 |
Millennium Management
New York
|
-$12.8M |
| 4 |
TCIM
TIAA CREF Investment Management
New York
|
-$11.8M |
| 5 |
TA
Teachers Advisors
New York
|
-$11.5M |
TEX Hedge Fund Activity: Q3 2016 in Review
235 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Terex (TEX) for Q3 2016, worth a combined $2.2B — up 22% from $1.81B a quarter earlier.
Sellers outnumbered buyers: 47 funds closed out of TEX and 32 opened new positions — a net loss of 15 holders — while 92 trimmed existing stakes and 76 added.
The largest buyer was DePrince Race & Zollo Inc (DRZ), opening a new position worth an estimated $28.6M. The largest seller was Prudential Financial, cutting an estimated $31.3M.
- 235 institutional investors held Terex (TEX) as of Q3 2016, down from 252 in Q2 2016.
- Funds reported $2.2B of Terex stock for Q3 2016, up 22% quarter-over-quarter.
- 32 funds opened new Terex positions in Q3 2016 and 47 closed out, a net change of -15 holders.
- The largest Terex buyer in Q3 2016 was DePrince Race & Zollo Inc (DRZ), an estimated $28.6M added.
- The largest Terex seller in Q3 2016 was Prudential Financial, an estimated $31.3M sold.
Based on aggregated 13F filings for Q3 2016.