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Trex
TREX

481 hedge funds and large institutions have $6.56B invested in Trex in 2023 Q3 according to their latest regulatory filings, with 79 funds opening new positions, 169 increasing their positions, 169 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

105% more call options, than puts

Call options by funds: $67.9M | Put options by funds: $33.1M

58% more first-time investments, than exits

New positions opened: 79 | Existing positions closed: 50

6% more funds holding

Funds holding: 455 → 481 (+26)

0.32% more ownership

Funds ownership: 97.56% → 97.87% (+0.32%)

0% more repeat investments, than reductions

Existing positions increased: 169 | Existing positions reduced: 169

6% less capital invested

Capital invested by funds: $6.96B → $6.56B (-$392M)

29% less funds holding in top 10

Funds holding in top 10: 7 → 5 (-2)

Holders
481
Holders Change
+26
Holders Change %
+5.71%
% of All Funds
7.63%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.08%
New
79
Increased
169
Reduced
169
Closed
50
Calls
$67.9M
Puts
$33.1M
Net Calls
+$34.8M
Net Calls Change
+$26.6M

Top Buyers

1
CSS
Cubist Systematic Strategies
Connecticut
+$42.1M
2
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$42M
3
Millennium Management
Millennium Management
New York
+$40.1M
4
Squarepoint
Squarepoint
New York
+$36.1M
5
Norges Bank
Norges Bank
Norway
+$31.6M

Top Sellers

1
WA
Wasatch Advisors
Utah
-$77.8M
2
Point72 Asset Management
Point72 Asset Management
Connecticut
-$66.2M
3
Macquarie Group
Macquarie Group
Australia
-$63.7M
4
RG
Rathbones Group
United Kingdom
-$35.7M
5
Allspring Global Investments
Allspring Global Investments
North Carolina
-$34.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$849M +$29.7M +433,324 +3%
Vanguard Group
2
Vanguard Group
Pennsylvania
$626M -$7.26M -105,792 -1%
AllianceBernstein
3
AllianceBernstein
Tennessee
$311M +$18.3M +266,391 +6%
ClearBridge Investments
4
ClearBridge Investments
New York
$291M +$3M +43,653 +0.9%
WA
5
Wasatch Advisors
Utah
$249M -$77.8M -1,133,701 -22%
State Street
6
State Street
Massachusetts
$218M +$3.16M +46,062 +1%
Artisan Partners
7
Artisan Partners
Wisconsin
$212M +$16.5M +240,850 +8%
BAMCO Inc
8
BAMCO Inc
New York
$168M -$9.26M -134,983 -5%
Macquarie Group
9
Macquarie Group
Australia
$137M -$63.7M -928,120 -29%
William Blair Investment Management
10
William Blair Investment Management
Illinois
$131M -$33.4M -486,399 -19%
CCA
11
Conestoga Capital Advisors
Pennsylvania
$115M +$4.26M +62,105 +3%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$100M +$2.3M +33,566 +2%
LIP
13
Liontrust Investment Partners
United Kingdom
$93.3M -$19M -277,578 -15%
Norges Bank
14
Norges Bank
Norway
$83M +$31.6M +460,372 +52%
Lord, Abbett & Co
15
Lord, Abbett & Co
New Jersey
$76.4M +$42M +612,832 +98%
Balyasny Asset Management
16
Balyasny Asset Management
Illinois
$75.4M +$10.6M +154,087 +14%
GCM
17
Geneva Capital Management
Wisconsin
$75.4M +$151K +2,205 +0.2%
Morgan Stanley
18
Morgan Stanley
New York
$74.2M +$10.3M +150,112 +14%
American Century Companies
19
American Century Companies
Missouri
$69.8M -$6.89M -100,385 -8%
Baird Financial Group
20
Baird Financial Group
Wisconsin
$68M +$2.74M +39,894 +4%
Dimensional Fund Advisors
21
Dimensional Fund Advisors
Texas
$65.5M -$3.04M -44,250 -4%
Millennium Management
22
Millennium Management
New York
$65.2M +$40.1M +584,164 +123%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$58.8M -$1.99M -29,016 -3%
Invesco
24
Invesco
Georgia
$56.8M +$25.9M +377,377 +69%
Impax Asset Management Group
25
Impax Asset Management Group
United Kingdom
$55.3M -$13.8M -200,636 -18%
1
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TREX Hedge Fund Activity: Q3 2023 in Review

481 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Trex (TREX) for Q3 2023, worth a combined $6.56B — down 5.6% from $6.96B a quarter earlier.

Buyers outnumbered sellers: 79 funds opened new TREX positions and 50 closed out — a net gain of 29 holders — while 169 added to existing stakes and 169 trimmed.

The largest buyer was Cubist Systematic Strategies, opening a new position worth an estimated $42.1M. The largest seller was Wasatch Advisors, cutting an estimated $77.8M.

  • 481 institutional investors held Trex (TREX) as of Q3 2023, up from 455 in Q2 2023.
  • Funds reported $6.56B of Trex stock for Q3 2023, down 5.6% quarter-over-quarter.
  • 79 funds opened new Trex positions in Q3 2023 and 50 closed out, a net change of +29 holders.
  • The largest Trex buyer in Q3 2023 was Cubist Systematic Strategies, an estimated $42.1M added.
  • The largest Trex seller in Q3 2023 was Wasatch Advisors, an estimated $77.8M sold.

Based on aggregated 13F filings for Q3 2023.