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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
BlackRock
1
BlackRock
New York
$529M -$5.45M -174,164 -1%
Vanguard Group
2
Vanguard Group
Pennsylvania
$354M +$7.83M +250,260 +2%
ClearBridge Investments
3
ClearBridge Investments
New York
$196M +$7.09M +226,532 +4%
BAMCO Inc
4
BAMCO Inc
New York
$125M +$7.18M +229,292 +6%
WA
5
Wasatch Advisors
Utah
$113M +$30.6M +976,162 +35%
State Street
6
State Street
Massachusetts
$108M -$555K -17,724 -0.5%
EAM
7
Eagle Asset Management
Florida
$103M -$952K -30,404 -0.9%
William Blair Investment Management
8
William Blair Investment Management
Illinois
$101M +$106M +3,387,822 New
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$83.3M +$2.38M +75,904 +3%
CTA
10
Carillon Tower Advisers
Florida
$74.9M
CCA
11
Conestoga Capital Advisors
Pennsylvania
$68.9M +$2.56M +81,710 +4%
JP Morgan Chase
12
JP Morgan Chase
New York
$66.9M +$1.85M +59,152 +3%
WRF
13
Waddell & Reed Financial
Kansas
$61.3M +$1.85M +59,162 +3%
Bank of New York Mellon
14
Bank of New York Mellon
New York
$54.5M -$1.71M -54,620 -3%
Invesco
15
Invesco
Georgia
$49.5M +$9.33M +298,138 +22%
Northern Trust
16
Northern Trust
Illinois
$47.9M -$396K -12,642 -0.8%
Ameriprise
17
Ameriprise
Minnesota
$47.4M +$12.3M +393,584 +33%
EA
18
Emerald Advisers
Pennsylvania
$41.3M +$2.05M +65,584 +5%
DGI
19
Disciplined Growth Investors
Minnesota
$39.3M -$3.4M -108,632 -8%
EMFAT
20
Emerald Mutual Fund Advisers Trust
Pennsylvania
$38.2M +$3.96M +126,628 +11%
Geode Capital Management
21
Geode Capital Management
Massachusetts
$37M +$3.33M +106,352 +9%
Norges Bank
22
Norges Bank
Norway
$35.6M +$4.15M +132,642 +12%
Janus Henderson Group
23
Janus Henderson Group
United Kingdom
$31.2M -$932K -29,774 -3%
O
24
OppenheimerFunds
New York
$29M -$12M -384,554 -28%
Principal Financial Group
25
Principal Financial Group
Iowa
$28.7M -$1.62M -51,776 -5%

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.