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Trex
TREX

464 hedge funds and large institutions have $5.72B invested in Trex in 2025 Q3 according to their latest regulatory filings, with 79 funds opening new positions, 150 increasing their positions, 162 reducing their positions, and 57 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

39% more first-time investments, than exits

New positions opened: 79 | Existing positions closed: 57

4% more funds holding

Funds holding: 445 → 464 (+19)

4% less call options, than puts

Call options by funds: $9.6M | Put options by funds: $10M

7% less repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 162

3.58% less ownership

Funds ownership: 106.54% → 102.96% (-3.6%)

8% less capital invested

Capital invested by funds: $6.21B → $5.72B (-$490M)

Holders
464
Holders Change
+19
Holders Change %
+4.27%
% of All Funds
6.09%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
79
Increased
150
Reduced
162
Closed
57
Calls
$9.6M
Puts
$10M
Net Calls
-$398K
Net Calls Change
+$11.4M

Top Buyers

1
AQR Capital Management
AQR Capital Management
Connecticut
+$96.8M
2
Impax Asset Management Group
Impax Asset Management Group
United Kingdom
+$56.8M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$55.9M
4
Neuberger Berman Group
Neuberger Berman Group
New York
+$43.7M
5
Federated Hermes
Federated Hermes
Pennsylvania
+$42.5M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$424M
2
BlackRock
BlackRock
New York
-$123M
3
KPM
Kinetic Partners Management
Florida
-$57.6M
4
Point72 Asset Management
Point72 Asset Management
Connecticut
-$48.9M
5
WP
Woodline Partners
California
-$43.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$528M -$123M -2,017,739 -16%
Vanguard Group
2
Vanguard Group
Pennsylvania
$515M -$5.77M -94,739 -0.9%
AllianceBernstein
3
AllianceBernstein
Tennessee
$390M +$8.66M +142,215 +2%
WA
4
Wasatch Advisors
Utah
$267M -$1.23M -20,215 -0.4%
State Street
5
State Street
Massachusetts
$165M -$1.83M -30,064 -0.9%
ClearBridge Investments
6
ClearBridge Investments
New York
$136M -$19.1M -312,896 -11%
Neuberger Berman Group
7
Neuberger Berman Group
New York
$132M +$43.7M +717,802 +39%
ACM
8
Anomaly Capital Management
New York
$119M +$20.9M +342,571 +17%
American Century Companies
9
American Century Companies
Missouri
$113M +$3.26M +53,554 +3%
Wellington Management Group
10
Wellington Management Group
Massachusetts
$102M +$55.9M +917,448 +87%
Impax Asset Management Group
11
Impax Asset Management Group
United Kingdom
$99.4M +$56.8M +932,247 +93%
CCA
12
Conestoga Capital Advisors
Pennsylvania
$97.9M -$6.19M -101,581 -5%
MAM
13
Madison Asset Management
Wisconsin
$97.8M +$1.34M +22,027 +1%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$97.6M +$2.26M +37,166 +2%
GCM
15
Geneva Capital Management
Wisconsin
$89.1M +$81.5K +1,339 +0.1%
Dimensional Fund Advisors
16
Dimensional Fund Advisors
Texas
$86.5M +$2.44M +39,985 +2%
Macquarie Group
17
Macquarie Group
Australia
$85.4M +$5.31M +87,258 +6%
Morgan Stanley
18
Morgan Stanley
New York
$82.7M +$3.68M +60,440 +4%
BAMCO Inc
19
BAMCO Inc
New York
$82.1M +$686K +11,271 +0.7%
AQR Capital Management
20
AQR Capital Management
Connecticut
$81.5M +$96.8M +1,588,948 +17,552%
Bank of America
21
Bank of America
North Carolina
$79.3M +$14.3M +234,504 +18%
Federated Hermes
22
Federated Hermes
Pennsylvania
$75.9M +$42.5M +698,628 +91%
LIP
23
Liontrust Investment Partners
United Kingdom
$68.8M -$4.45M -73,143 -5%
Fidelity Investments
24
Fidelity Investments
Massachusetts
$63.4M +$74.5K +1,223 +0.1%
Millennium Management
25
Millennium Management
New York
$57.3M +$13.9M +228,665 +26%
1
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TREX Hedge Fund Activity: Q3 2025 in Review

464 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Trex (TREX) for Q3 2025, worth a combined $5.72B — down 7.9% from $6.21B a quarter earlier.

Buyers outnumbered sellers: 79 funds opened new TREX positions and 57 closed out — a net gain of 22 holders — while 150 added to existing stakes and 162 trimmed.

The largest buyer was AQR Capital Management, adding an estimated $96.8M. The largest seller was T. Rowe Price Associates, cutting an estimated $424M.

  • 464 institutional investors held Trex (TREX) as of Q3 2025, up from 445 in Q2 2025.
  • Funds reported $5.72B of Trex stock for Q3 2025, down 7.9% quarter-over-quarter.
  • 79 funds opened new Trex positions in Q3 2025 and 57 closed out, a net change of +22 holders.
  • The largest Trex buyer in Q3 2025 was AQR Capital Management, an estimated $96.8M added.
  • The largest Trex seller in Q3 2025 was T. Rowe Price Associates, an estimated $424M sold.

Based on aggregated 13F filings for Q3 2025.