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Trex
TREX

432 hedge funds and large institutions have $3.68B invested in Trex in 2025 Q4 according to their latest regulatory filings, with 104 funds opening new positions, 131 increasing their positions, 160 reducing their positions, and 126 closing their positions.

New
Increased
Maintained
Reduced
Closed

5.59% less ownership

Funds ownership: 102.96% → 97.37% (-5.6%)

7% less funds holding

Funds holding: 464 → 432 (-32)

17% less first-time investments, than exits

New positions opened: 104 | Existing positions closed: 126

18% less repeat investments, than reductions

Existing positions increased: 131 | Existing positions reduced: 160

36% less capital invested

Capital invested by funds: $5.72B → $3.68B (-$2.04B)

56% less call options, than puts

Call options by funds: $7.54M | Put options by funds: $17.2M

75% less funds holding in top 10

Funds holding in top 10: 4 → 1 (-3)

Holders
432
Holders Change
-32
Holders Change %
-6.9%
% of All Funds
5.25%
Holding in Top 10
1
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-75%
% of All Funds
0.01%
New
104
Increased
131
Reduced
160
Closed
126
Calls
$7.54M
Puts
$17.2M
Net Calls
-$9.68M
Net Calls Change
-$9.28M

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$212M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$92.9M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$69.1M
4
Point72 Asset Management
Point72 Asset Management
Connecticut
+$67.2M
5
Citadel Advisors
Citadel Advisors
Florida
+$66.5M

Top Sellers

1
ACM
Anomaly Capital Management
New York
-$119M
2
Neuberger Berman Group
Neuberger Berman Group
New York
-$101M
3
CCA
Conestoga Capital Advisors
Pennsylvania
-$97.9M
4
MAM
Madison Asset Management
Wisconsin
-$97.8M
5
Macquarie Group
Macquarie Group
Australia
-$85.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Barclays
76
Barclays
United Kingdom
$5.84M +$1.39M +34,387 +26%
Man Group
77
Man Group
United Kingdom
$5.54M +$6.39M +157,908 New
Legal & General Group
78
Legal & General Group
United Kingdom
$5.39M -$503K -12,426 -7%
RA
79
Royce & Associates
New York
$5.29M +$6.11M +150,938 New
LCM
80
Landscape Capital Management
New Jersey
$5.28M +$4.71M +116,512 +342%
OPCM
81
Osborne Partners Capital Management
California
$5.26M +$6.06M +149,836 New
QT
82
Quantbot Technologies
New York
$5.14M +$5.93M +146,579 New
GI
83
GAMCO Investors
Connecticut
$5.07M +$5.84M +144,490 New
LPL Financial
84
LPL Financial
California
$4.99M +$219K +5,424 +4%
BA
85
Bridgewater Associates
Connecticut
$4.92M +$5.04M +124,494 +787%
Marshall Wace
86
Marshall Wace
United Kingdom
$4.85M +$233K +5,768 +4%
EI
87
EFG International
$4.79M +$5.52M +136,367 New
Allspring Global Investments
88
Allspring Global Investments
North Carolina
$4.75M +$5.36M +132,528 New
William Blair & Company
89
William Blair & Company
Illinois
$4.6M -$13.8M -341,931 -72%
Retirement Systems of Alabama
90
Retirement Systems of Alabama
Alabama
$4.52M -$37.6K -929 -0.7%
Mariner
91
Mariner
Kansas
$4.31M +$3.61M +89,216 +265%
APC
92
Alpine Peaks Capital
New York
$4.31M -$50K -1,236 -1%
GAM
93
Gotham Asset Management
New York
$4.13M +$4.76M +117,647 New
Susquehanna International Group
94
Susquehanna International Group
Pennsylvania
$3.98M +$2.98M +73,718 +186%
KCM
95
Kornitzer Capital Management
Kansas
$3.97M – – –
New York State Teachers Retirement System (NYSTRS)
96
New York State Teachers Retirement System (NYSTRS)
New York
$3.82M – – –
Creative Planning
97
Creative Planning
Kansas
$3.77M +$1.04M +25,782 +32%
EP
98
Edgestream Partners
New Jersey
$3.72M +$4.29M +106,070 New
Verition Fund Management
99
Verition Fund Management
Connecticut
$3.64M +$2.93M +72,509 +231%
SG Americas Securities
100
SG Americas Securities
New York
$3.63M +$3.68M +91,018 +723%
2 3
4
5 6

TREX Hedge Fund Activity: Q4 2025 in Review

432 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Trex (TREX) for Q4 2025, worth a combined $3.68B — down 36% from $5.72B a quarter earlier.

Sellers outnumbered buyers: 126 funds closed out of TREX and 104 opened new positions — a net loss of 22 holders — while 160 trimmed existing stakes and 131 added.

The largest buyer was Wellington Management Group, adding an estimated $212M. The largest seller was Anomaly Capital Management, exiting entirely with an estimated $119M sold.

  • 432 institutional investors held Trex (TREX) as of Q4 2025, down from 464 in Q3 2025.
  • Funds reported $3.68B of Trex stock for Q4 2025, down 36% quarter-over-quarter.
  • 104 funds opened new Trex positions in Q4 2025 and 126 closed out, a net change of -22 holders.
  • The largest Trex buyer in Q4 2025 was Wellington Management Group, an estimated $212M added.
  • The largest Trex seller in Q4 2025 was Anomaly Capital Management, an estimated $119M sold.

Based on aggregated 13F filings for Q4 2025.