Trex
TREX
141 hedge funds and large institutions have $787M invested in Trex in 2013 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 54 increasing their positions, 55 reducing their positions, and 23 closing their positions.
68% more call options, than puts
Call options by funds: $4.62M | Put options by funds: $2.75M
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 55
2% less capital invested
Capital invested by funds: $804M → $787M (-$16.4M)
6% less funds holding
Funds holding: 150 → 141 (-9)
35% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 23
51.19% less ownership
Funds ownership: 787.74% → 736.55% (-51%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Scopus Asset Management
New York
|
+$10.3M |
| 2 |
Goldman Sachs
New York
|
+$9.42M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$8.71M |
| 4 |
SONJCPFA
State of New Jersey Common Pension Fund A
Trenton,
New Jersey
|
+$8.38M |
| 5 |
RCMC
RK Capital Management (Colorado)
Denver,
Colorado
|
+$8.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$43.6M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$15.5M |
| 3 |
FMA
Fiduciary Management Associates
Chicago,
Illinois
|
-$12.4M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$8.27M |
| 5 |
ACMM
Arbor Capital Management (Minnesota)
Minneapolis,
Minnesota
|
-$7.84M |
TREX Hedge Fund Activity: Q3 2013 in Review
141 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Trex (TREX) for Q3 2013, worth a combined $787M — down 2% from $804M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of TREX and 15 opened new positions — a net loss of 8 holders — while 55 trimmed existing stakes and 54 added.
The largest buyer was Scopus Asset Management, opening a new position worth an estimated $10.3M. The largest seller was State Street, cutting an estimated $43.6M.
- 141 institutional investors held Trex (TREX) as of Q3 2013, down from 150 in Q2 2013.
- Funds reported $787M of Trex stock for Q3 2013, down 2% quarter-over-quarter.
- 15 funds opened new Trex positions in Q3 2013 and 23 closed out, a net change of -8 holders.
- The largest Trex buyer in Q3 2013 was Scopus Asset Management, an estimated $10.3M added.
- The largest Trex seller in Q3 2013 was State Street, an estimated $43.6M sold.
Based on aggregated 13F filings for Q3 2013.