Trex
TREX
147 hedge funds and large institutions have $1.19B invested in Trex in 2013 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 40 increasing their positions, 64 reducing their positions, and 21 closing their positions.
54% more capital invested
Capital invested by funds: $771M → $1.19B (+$420M)
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
29% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 21
4% more funds holding
Funds holding: 141 → 147 (+6)
4% more call options, than puts
Call options by funds: $5.77M | Put options by funds: $5.53M
4.85% less ownership
Funds ownership: 736.61% → 731.76% (-4.9%)
38% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 64
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$47M |
| 2 |
State Street
Boston,
Massachusetts
|
+$40.5M |
| 3 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$20M |
| 4 |
ClearBridge Investments
New York
|
+$18.6M |
| 5 |
CAM
Cortina Asset Management
Milwaukee,
Wisconsin
|
+$9.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$51.8M |
| 2 |
SONJCPFA
State of New Jersey Common Pension Fund A
Trenton,
New Jersey
|
-$40.6M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$18.9M |
| 4 |
AC
Ascend Capital
Orinda,
California
|
-$11.4M |
| 5 |
SAM
Scopus Asset Management
New York
|
-$11M |
TREX Hedge Fund Activity: Q4 2013 in Review
147 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Trex (TREX) for Q4 2013, worth a combined $1.19B — up 54% from $771M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new TREX positions and 21 closed out — a net gain of 6 holders — while 40 added to existing stakes and 64 trimmed.
The largest buyer was Lord, Abbett & Co, adding an estimated $47M. The largest seller was Westwood Holdings Group, exiting entirely with an estimated $51.8M sold.
- 147 institutional investors held Trex (TREX) as of Q4 2013, up from 141 in Q3 2013.
- Funds reported $1.19B of Trex stock for Q4 2013, up 54% quarter-over-quarter.
- 27 funds opened new Trex positions in Q4 2013 and 21 closed out, a net change of +6 holders.
- The largest Trex buyer in Q4 2013 was Lord, Abbett & Co, an estimated $47M added.
- The largest Trex seller in Q4 2013 was Westwood Holdings Group, an estimated $51.8M sold.
Based on aggregated 13F filings for Q4 2013.