Trex
TREX
134 hedge funds and large institutions have $1.17B invested in Trex in 2014 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 31 increasing their positions, 60 reducing their positions, and 28 closing their positions.
137% more call options, than puts
Call options by funds: $8.07M | Put options by funds: $3.41M
15% more capital invested
Capital invested by funds: $1.02B → $1.17B (+$149M)
2.75% more ownership
Funds ownership: 420.69% → 423.43% (+2.7%)
5% less funds holding
Funds holding: 141 → 134 (-7)
21% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 28
48% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 60
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$25M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$16.7M |
| 3 |
JP Morgan Chase
New York
|
+$9.93M |
| 4 |
Primecap Management
Pasadena,
California
|
+$6.15M |
| 5 |
WM
WS Management
Jacksonville,
Florida
|
+$5.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$14.3M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$12.2M |
| 3 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$9.15M |
| 4 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
-$8.76M |
| 5 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$8.54M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Prudential Financial
Newark,
New Jersey
| – | -$225K | -31,264 | Closed |
|
152
Neuberger Berman Group
New York
| – | -$208K | -28,800 | Closed |
|
|
SO
153
STRS Ohio
Columbus,
Ohio
| – | -$178K | -21,200 | Closed |
|
154
SG Americas Securities
New York
| – | -$101K | -14,068 | Closed |
|
|
PG
155
PEAK6 Group
Chicago,
Illinois
| – | -$109K | -13,028 | Closed |
|
|
VFA
156
Virtus Fund Advisers
Hartford,
Connecticut
| – | -$83K | -11,468 | Closed |
|
157
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$46K | -6,412 | Closed |
|
158
Parallax Volatility Advisers
San Francisco,
California
| – | -$30.8K | -3,676 | Closed |
|
159
Envestnet Asset Management
Chicago,
Illinois
| – | -$4K | -572 | Closed |
|
|
U
160
UBS
Zurich,
Switzerland
| – | -$2.85K | -340 | -91% |
|
|
GSC
161
Ground Swell Capital
Folly Beach,
South Carolina
| – | -$1K | -152 | Closed |
|
|
FNBT
162
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$1K | -144 | Closed |
|
TREX Hedge Fund Activity: Q3 2014 in Review
134 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Trex (TREX) for Q3 2014, worth a combined $1.17B — up 15% from $1.02B a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of TREX and 22 opened new positions — a net loss of 6 holders — while 60 trimmed existing stakes and 31 added.
The largest buyer was Massachusetts Financial Services, opening a new position worth an estimated $25M. The largest seller was Goldman Sachs, cutting an estimated $14.3M.
- 134 institutional investors held Trex (TREX) as of Q3 2014, down from 141 in Q2 2014.
- Funds reported $1.17B of Trex stock for Q3 2014, up 15% quarter-over-quarter.
- 22 funds opened new Trex positions in Q3 2014 and 28 closed out, a net change of -6 holders.
- The largest Trex buyer in Q3 2014 was Massachusetts Financial Services, an estimated $25M added.
- The largest Trex seller in Q3 2014 was Goldman Sachs, an estimated $14.3M sold.
Based on aggregated 13F filings for Q3 2014.