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217 hedge funds and large institutions have $1.89B invested in Trex in 2017 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 76 increasing their positions, 84 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

195% more call options, than puts

Call options by funds: $32.9M | Put options by funds: $11.2M

6% more capital invested

Capital invested by funds: $1.79B → $1.89B (+$101M)

4% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 28

10% less repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 84

4% less funds holding

Funds holding: 226217 (-9)

7.57% less ownership

Funds ownership: 378.18%370.61% (-7.6%)

100% less funds holding in top 10

Funds holding in top 10: 40 (-4)

Holders
217
Holders Change
-9
Holders Change %
-3.98%
% of All Funds
5.4%
Holding in Top 10
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-100%
% of All Funds
New
27
Increased
76
Reduced
84
Closed
28
Calls
$32.9M
Puts
$11.2M
Net Calls
+$21.7M
Net Calls Change
+$30.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Norges Bank
26
Norges Bank
Norway
$16M -$5.2M -301,668 -25%
Geode Capital Management
27
Geode Capital Management
Massachusetts
$15.5M +$948K +55,016 +7%
Bank of America
28
Bank of America
North Carolina
$14.8M +$2.59M +150,352 +21%
Morgan Stanley
29
Morgan Stanley
New York
$14.3M -$1.91M -110,656 -12%
WHG
30
Westwood Holdings Group
Texas
$14M +$307K +17,828 +2%
Fiera Capital (Canada)
31
Fiera Capital (Canada)
Quebec, Canada
$12.4M -$464K -26,932 -4%
Deutsche Bank
32
Deutsche Bank
Germany
$12M -$2.04M -118,440 -15%
KCM
33
Kornitzer Capital Management
Kansas
$11.2M +$188K +10,880 +2%
Wellington Management Group
34
Wellington Management Group
Massachusetts
$10.9M +$392K +22,764 +4%
Prudential Financial
35
Prudential Financial
New Jersey
$10.3M +$6.31M +365,920 +160%
UIC
36
Uniplan Investment Counsel
Wisconsin
$10.2M +$215K +12,492 +2%
Massachusetts Financial Services
37
Massachusetts Financial Services
Massachusetts
$10.1M +$10.1M +584,184 New
PM
38
Pembroke Management
Quebec, Canada
$9.11M -$241K -14,000 -3%
Charles Schwab
39
Charles Schwab
California
$8.68M +$637K +36,980 +8%
TCIM
40
TIAA CREF Investment Management
New York
$8.5M -$120K -6,984 -1%
AllianceBernstein
41
AllianceBernstein
Tennessee
$8.34M -$75.8K -4,400 -0.9%
California Public Employees Retirement System
42
California Public Employees Retirement System
California
$8.05M -$931K -54,000 -10%
Renaissance Technologies
43
Renaissance Technologies
New York
$7.87M -$2.22M -128,800 -22%
KI
44
Kalmar Investments
Delaware
$7.3M -$26.3M -1,524,780 -78%
USAA
45
United Services Automobile Association
Texas
$6.26M -$234K -13,600 -4%
NCGI
46
Next Century Growth Investors
Minnesota
$6.22M -$3.38M -196,224 -35%
MPM
47
Meritage Portfolio Management
Kansas
$6.11M +$85.1K +4,940 +1%
AIA
48
AGF Investments America
Ontario, Canada
$5.94M -$1.31M -76,016 -18%
1C
49
1060 Capital
Colorado
$5.55M +$5.52M +320,000 New
TAM
50
Tiverton Asset Management
Delaware
$4.86M

TREX Hedge Fund Activity: Q1 2017 in Review

217 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Trex (TREX) for Q1 2017, worth a combined $1.89B — up 5.7% from $1.79B a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of TREX and 27 opened new positions — a net loss of 1 holder — while 84 trimmed existing stakes and 76 added.

The largest buyer was BlackRock, adding an estimated $256M. The largest seller was Kalmar Investments, cutting an estimated $26.3M.

  • 217 institutional investors held Trex (TREX) as of Q1 2017, down from 226 in Q4 2016.
  • Funds reported $1.89B of Trex stock for Q1 2017, up 5.7% quarter-over-quarter.
  • 27 funds opened new Trex positions in Q1 2017 and 28 closed out, a net change of -1 holder.
  • The largest Trex buyer in Q1 2017 was BlackRock, an estimated $256M added.
  • The largest Trex seller in Q1 2017 was Kalmar Investments, an estimated $26.3M sold.

Based on aggregated 13F filings for Q1 2017.