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Trex
TREX

440 hedge funds and large institutions have $6.73B invested in Trex in 2025 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 159 increasing their positions, 157 reducing their positions, and 78 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 3 → 6 (+3)

24% more call options, than puts

Call options by funds: $9.71M | Put options by funds: $7.82M

7% more ownership

Funds ownership: 101% → 108.01% (+7%)

1% more repeat investments, than reductions

Existing positions increased: 159 | Existing positions reduced: 157

5% less funds holding

Funds holding: 464 → 440 (-24)

10% less capital invested

Capital invested by funds: $7.47B → $6.73B (-$744M)

23% less first-time investments, than exits

New positions opened: 60 | Existing positions closed: 78

Holders
440
Holders Change
-24
Holders Change %
-5.17%
% of All Funds
5.9%
Holding in Top 10
6
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+100%
% of All Funds
0.08%
New
60
Increased
159
Reduced
157
Closed
78
Calls
$9.71M
Puts
$7.82M
Net Calls
+$1.88M
Net Calls Change
+$3.15M

Top Buyers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$270M
2
MAM
Madison Asset Management
Wisconsin
+$123M
3
WA
Wasatch Advisors
Utah
+$64.3M
4
American Century Companies
American Century Companies
Missouri
+$51M
5
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$49.8M

Top Sellers

1
AllianceBernstein
AllianceBernstein
Tennessee
-$180M
2
Point72 Asset Management
Point72 Asset Management
Connecticut
-$65.1M
3
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$41.4M
4
Allianz Asset Management
Allianz Asset Management
Germany
-$36.7M
5
BAMCO Inc
BAMCO Inc
New York
-$35.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$741M -$1.7M -26,238 -0.2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$589M -$3.78M -58,243 -0.6%
AllianceBernstein
3
AllianceBernstein
Tennessee
$467M -$180M -2,776,504 -26%
T. Rowe Price Associates
4
T. Rowe Price Associates
Maryland
$424M +$270M +4,163,014 +133%
WA
5
Wasatch Advisors
Utah
$325M +$64.3M +989,855 +22%
State Street
6
State Street
Massachusetts
$192M +$711K +10,950 +0.3%
ClearBridge Investments
7
ClearBridge Investments
New York
$186M -$9.25M -142,323 -4%
CCA
8
Conestoga Capital Advisors
Pennsylvania
$116M +$2.26M +34,720 +2%
American Century Companies
9
American Century Companies
Missouri
$115M +$51M +784,820 +66%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$113M +$5.27M +81,159 +4%
MAM
11
Madison Asset Management
Wisconsin
$110M +$123M +1,890,732 New
Balyasny Asset Management
12
Balyasny Asset Management
Illinois
$109M -$10.3M -158,108 -8%
Macquarie Group
13
Macquarie Group
Australia
$99.7M -$1.65M -25,431 -1%
BAMCO Inc
14
BAMCO Inc
New York
$93.6M -$35.3M -542,875 -25%
GCM
15
Geneva Capital Management
Wisconsin
$93M +$564K +8,688 +0.5%
Dimensional Fund Advisors
16
Dimensional Fund Advisors
Texas
$92.4M +$3.21M +49,336 +3%
Citadel Advisors
17
Citadel Advisors
Florida
$90.9M +$45M +692,907 +80%
LIP
18
Liontrust Investment Partners
United Kingdom
$86.4M -$5.88M -90,451 -6%
ACM
19
Anomaly Capital Management
New York
$81.1M -$7.59M -116,775 -8%
Morgan Stanley
20
Morgan Stanley
New York
$78.4M +$2.47M +37,943 +3%
Neuberger Berman Group
21
Neuberger Berman Group
New York
$73.9M +$46.2M +710,545 +126%
A
22
AustralianSuper
Australia
$72M -$23.4M -360,178 -23%
Invesco
23
Invesco
Georgia
$67.1M +$2.01M +30,861 +3%
DGI
24
Disciplined Growth Investors
Minnesota
$63.6M +$46.5M +715,126 +189%
Northern Trust
25
Northern Trust
Illinois
$58.9M +$3.85M +59,202 +6%
1
2 3 4 5

TREX Hedge Fund Activity: Q1 2025 in Review

440 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Trex (TREX) for Q1 2025, worth a combined $6.73B — down 10% from $7.47B a quarter earlier.

Sellers outnumbered buyers: 78 funds closed out of TREX and 60 opened new positions — a net loss of 18 holders — while 157 trimmed existing stakes and 159 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $270M. The largest seller was AllianceBernstein, cutting an estimated $180M.

  • 440 institutional investors held Trex (TREX) as of Q1 2025, down from 464 in Q4 2024.
  • Funds reported $6.73B of Trex stock for Q1 2025, down 10% quarter-over-quarter.
  • 60 funds opened new Trex positions in Q1 2025 and 78 closed out, a net change of -18 holders.
  • The largest Trex buyer in Q1 2025 was T. Rowe Price Associates, an estimated $270M added.
  • The largest Trex seller in Q1 2025 was AllianceBernstein, an estimated $180M sold.

Based on aggregated 13F filings for Q1 2025.