Trex
TREX
302 hedge funds and large institutions have $3.28B invested in Trex in 2018 Q4 according to their latest regulatory filings, with 53 funds opening new positions, 105 increasing their positions, 91 reducing their positions, and 61 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
15% more repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 91
7.91% more ownership
Funds ownership: 181.12% → 189.03% (+7.9%)
4% less funds holding
Funds holding: 314 → 302 (-12)
13% less first-time investments, than exits
New positions opened: 53 | Existing positions closed: 61
20% less capital invested
Capital invested by funds: $4.09B → $3.28B (-$810M)
49% less call options, than puts
Call options by funds: $5.13M | Put options by funds: $10.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
+$106M |
| 2 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$30.6M |
| 3 |
Westfield Capital Management
Boston,
Massachusetts
|
+$23.9M |
| 4 |
FA
Friess Associates
Greenville,
Delaware
|
+$17.2M |
| 5 |
Millennium Management
New York
|
+$14.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
-$35.8M |
| 2 |
Morgan Stanley
New York
|
-$21M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
-$15.9M |
| 4 |
WCP
Waterfront Capital Partners
New York
|
-$15M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$14.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TPWA
351
TRUE Private Wealth Advisors
Salem,
Oregon
| – | -$46.2K | -1,200 | Closed |
|
|
BAM
352
Barrett Asset Management
New York
| – | -$26K | -676 | Closed |
|
|
JCM
353
Jacobi Capital Management
Pittston,
Pennsylvania
| – | -$12K | -300 | Closed |
|
|
SPIA
354
Steward Partners Investment Advisory
New York
| – | -$12K | -300 | Closed |
|
|
APP
355
Avantax Planning Partners
Dubuque,
Iowa
| – | -$10K | -272 | Closed |
|
|
CG
356
Cutler Group
San Francisco,
California
| – | -$7K | -200 | Closed |
|
|
SJIM
357
St. Johns Investment Management
Jacksonville,
Florida
| – | -$8K | -200 | Closed |
|
|
DWA
358
Dorsey Wright & Associates
Pasadena,
California
| – | -$4K | -112 | Closed |
|
|
FIA
359
FNY Investment Advisers
New York
| – | -$3K | -100 | Closed |
|
|
WC
360
Whitney & Co
Rochester,
New York
| – | -$3K | -100 | Closed |
|
361
Financial Engines Advisors
Santa Clara,
California
| – | -$2K | -46 | Closed |
|
|
CAG
362
Csenge Advisory Group
Clearwater,
Florida
| – | -$1K | -42 | Closed |
|
|
PWM
363
PRW Wealth Management
Quincy,
Massachusetts
| – | +$313 | +10 | New |
|
TREX Hedge Fund Activity: Q4 2018 in Review
302 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Trex (TREX) for Q4 2018, worth a combined $3.28B — down 20% from $4.09B a quarter earlier.
Sellers outnumbered buyers: 61 funds closed out of TREX and 53 opened new positions — a net loss of 8 holders — while 91 trimmed existing stakes and 105 added.
The largest buyer was William Blair Investment Management, opening a new position worth an estimated $106M. The largest seller was Barrow, Hanley, Mewhinney & Strauss, exiting entirely with an estimated $35.8M sold.
- 302 institutional investors held Trex (TREX) as of Q4 2018, down from 314 in Q3 2018.
- Funds reported $3.28B of Trex stock for Q4 2018, down 20% quarter-over-quarter.
- 53 funds opened new Trex positions in Q4 2018 and 61 closed out, a net change of -8 holders.
- The largest Trex buyer in Q4 2018 was William Blair Investment Management, an estimated $106M added.
- The largest Trex seller in Q4 2018 was Barrow, Hanley, Mewhinney & Strauss, an estimated $35.8M sold.
Based on aggregated 13F filings for Q4 2018.