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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.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 24 (+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: 314302 (-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

Holders
302
Holders Change
-12
Holders Change %
-3.82%
% of All Funds
6.73%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.09%
New
53
Increased
105
Reduced
91
Closed
61
Calls
$5.13M
Puts
$10.1M
Net Calls
-$4.98M
Net Calls Change
+$2.88M
Name Holding Trade Value Shares
Change
Change in
Stake
Loomis, Sayles & Company
26
Loomis, Sayles & Company
Massachusetts
$27.7M +$1.58M +50,448 +6%
FCM
27
Frontier Capital Management
Massachusetts
$27.5M -$3.69M -117,844 -11%
Charles Schwab
28
Charles Schwab
California
$27M +$767K +24,506 +3%
TA
29
Teachers Advisors
New York
$26.7M +$689K +22,000 +3%
Lord, Abbett & Co
30
Lord, Abbett & Co
New Jersey
$25.7M -$14.5M -462,226 -35%
SIMG
31
Stephens Investment Management Group
Texas
$23.4M -$1.32M -42,324 -5%
JIM
32
Jupiter Investment Management
United Kingdom
$23M -$13.4M -428,156 -36%
Westfield Capital Management
33
Westfield Capital Management
Massachusetts
$22.6M +$23.9M +762,760 New
Victory Capital Management
34
Victory Capital Management
Texas
$20.1M +$607K +19,404 +3%
Massachusetts Financial Services
35
Massachusetts Financial Services
Massachusetts
$16.6M +$4.51M +144,234 +35%
FA
36
Friess Associates
Delaware
$16.3M +$17.2M +549,050 New
AllianceBernstein
37
AllianceBernstein
Tennessee
$15.5M +$3.72M +118,720 +29%
Bank of America
38
Bank of America
North Carolina
$15.3M -$2.08M -66,542 -11%
Macquarie Group
39
Macquarie Group
Australia
$15.1M +$2.11M +67,462 +15%
Morgan Stanley
40
Morgan Stanley
New York
$15.1M -$21M -669,968 -57%
UBS Group
41
UBS Group
Switzerland
$14.5M +$11.4M +364,722 +291%
Goldman Sachs
42
Goldman Sachs
New York
$14.2M +$2.78M +88,720 +23%
Millennium Management
43
Millennium Management
New York
$13.5M +$14.2M +454,914 New
RI
44
Redwood Investments
Massachusetts
$13.4M +$576K +18,394 +4%
Deutsche Bank
45
Deutsche Bank
Germany
$13.3M -$6.11M -195,050 -30%
Fuller & Thaler Asset Management
46
Fuller & Thaler Asset Management
California
$11.9M -$12.5M -399,166 -50%
California Public Employees Retirement System
47
California Public Employees Retirement System
California
$11.7M -$739K -23,624 -6%
MCM
48
Maryland Capital Management
Maryland
$11M +$1.13M +36,134 +11%
PM
49
Pembroke Management
Quebec, Canada
$10.6M +$5.31M +169,700 +90%
PPA
50
Parametric Portfolio Associates
Washington
$10.5M -$941K -30,076 -8%

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.