Trinity Industries
440 hedge funds and large institutions have $4.75B invested in Trinity Industries in 2014 Q4 according to their latest regulatory filings, with 90 funds opening new positions, 160 increasing their positions, 149 reducing their positions, and 140 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 160 | Existing positions reduced: 149
0.63% more ownership
Funds ownership: 115.12% → 115.75% (+0.63%)
11% less funds holding
Funds holding: 496 → 440 (-56)
20% less call options, than puts
Call options by funds: $85.2M | Put options by funds: $107M
22% less capital invested
Capital invested by funds: $6.07B → $4.75B (-$1.32B)
36% less first-time investments, than exits
New positions opened: 90 | Existing positions closed: 140
78% less funds holding in top 10
Funds holding in top 10: 18 → 4 (-14)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highbridge Capital Management
New York
|
+$57.7M |
| 2 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$57.4M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$56.1M |
| 4 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$36.4M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAM
Impala Asset Management
Palm Beach,
Florida
|
-$100M |
| 2 |
Bank of New York Mellon
New York
|
-$51.3M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$38.5M |
| 4 |
SI
Scout Investments
Kansas City,
Missouri
|
-$37.8M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$33.1M |
TRN Hedge Fund Activity: Q4 2014 in Review
440 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Trinity Industries (TRN) for Q4 2014, worth a combined $4.75B — down 22% from $6.07B a quarter earlier.
Sellers outnumbered buyers: 140 funds closed out of TRN and 90 opened new positions — a net loss of 50 holders — while 149 trimmed existing stakes and 160 added.
The largest buyer was Highbridge Capital Management, opening a new position worth an estimated $57.7M. The largest seller was Impala Asset Management, exiting entirely with an estimated $100M sold.
- 440 institutional investors held Trinity Industries (TRN) as of Q4 2014, down from 496 in Q3 2014.
- Funds reported $4.75B of Trinity Industries stock for Q4 2014, down 22% quarter-over-quarter.
- 90 funds opened new Trinity Industries positions in Q4 2014 and 140 closed out, a net change of -50 holders.
- The largest Trinity Industries buyer in Q4 2014 was Highbridge Capital Management, an estimated $57.7M added.
- The largest Trinity Industries seller in Q4 2014 was Impala Asset Management, an estimated $100M sold.
Based on aggregated 13F filings for Q4 2014.