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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
OPERF
126
Oregon Public Employees Retirement Fund
Oregon
$1.33M +$1.4M +44,688 New
Neuberger Berman Group
127
Neuberger Berman Group
New York
$1.31M +$438K +14,000 +46%
LSERS
128
Louisiana State Employees Retirement System
Louisiana
$1.31M -$239K -7,650 -15%
Creative Planning
129
Creative Planning
Kansas
$1.27M +$124K +3,966 +10%
Janney Montgomery Scott
130
Janney Montgomery Scott
Pennsylvania
$1.25M +$110K +3,500 +9%
VRS
131
Virginia Retirement Systems
Virginia
$1.22M +$50.1K +1,600 +4%
COPPSERS
132
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.2M +$384K +12,254 +44%
HI
133
Handelsinvest Investeringsforvaltning
Denmark
$1.19M +$1.25M +40,000 New
Envestnet Asset Management
134
Envestnet Asset Management
Illinois
$1.18M +$1.24M +39,744 New
Lazard Asset Management
135
Lazard Asset Management
New York
$1.17M +$547K +17,478 +79%
SOADOR
136
State of Alaska Department of Revenue
Alaska
$1.17M +$7.83K +250 +0.6%
USGIU
137
U.S. Global Investors (USGI)
Texas
$1.16M -$77.1K -2,462 -6%
Los Angeles Capital Management
138
Los Angeles Capital Management
California
$1.15M -$142K -4,540 -10%
CL
139
CIM LLC
New York
$1.15M -$66.3K -2,118 -5%
MLICM
140
Metropolitan Life Insurance Company (MetLife)
New York
$1.12M +$14.8K +472 +1%
TRSOTSOK
141
Teachers Retirement System of the State of Kentucky
Kentucky
$1.09M
MSA
142
Mason Street Advisors
Wisconsin
$1.08M +$52.9K +1,690 +5%
AQR Capital Management
143
AQR Capital Management
Connecticut
$1.05M -$1.04M -33,240 -48%
WAM
144
Wolverine Asset Management
Illinois
$1.01M -$724K -23,136 -40%
MERSOM
145
Municipal Employees' Retirement System of Michigan
Michigan
$1.01M +$1.06M +33,980 New
Citigroup
146
Citigroup
New York
$960K -$353K -11,266 -26%
OAM
147
Oppenheimer Asset Management
New York
$918K +$181K +5,770 +23%
CFMC
148
Curbstone Financial Management Corp
New Hampshire
$908K -$18.8K -600 -2%
Brown Advisory
149
Brown Advisory
Maryland
$893K +$8.08K +258 +0.9%
Citadel Advisors
150
Citadel Advisors
Florida
$864K +$581K +18,550 +175%

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.