Trinity Industries
TRN
376 hedge funds and large institutions have $4.35B invested in Trinity Industries in 2018 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 116 increasing their positions, 141 reducing their positions, and 48 closing their positions.
69% more call options, than puts
Call options by funds: $61.1M | Put options by funds: $36.1M
2.46% more ownership
Funds ownership: 120.42% → 122.88% (+2.5%)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
6% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 48
2% less funds holding
Funds holding: 383 → 376 (-7)
12% less capital invested
Capital invested by funds: $4.92B → $4.35B (-$569M)
18% less repeat investments, than reductions
Existing positions increased: 116 | Existing positions reduced: 141
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VH
ValueAct Holdings
San Francisco,
California
|
+$95.8M |
| 2 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
+$22.9M |
| 3 |
D.E. Shaw & Co
New York
|
+$22.6M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$22.4M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$20.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAM
Impala Asset Management
Palm Beach,
Florida
|
-$44.9M |
| 2 |
Millennium Management
New York
|
-$34M |
| 3 |
DKCM
Davidson Kempner Capital Management
New York
|
-$24.3M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$24.3M |
| 5 |
SAM
Southernsun Asset Management
Memphis,
Tennessee
|
-$20M |
TRN Hedge Fund Activity: Q1 2018 in Review
376 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Trinity Industries (TRN) for Q1 2018, worth a combined $4.35B — down 12% from $4.92B a quarter earlier.
Sellers outnumbered buyers: 48 funds closed out of TRN and 45 opened new positions — a net loss of 3 holders — while 141 trimmed existing stakes and 116 added.
The largest buyer was ValueAct Holdings, adding an estimated $95.8M. The largest seller was Impala Asset Management, exiting entirely with an estimated $44.9M sold.
- 376 institutional investors held Trinity Industries (TRN) as of Q1 2018, down from 383 in Q4 2017.
- Funds reported $4.35B of Trinity Industries stock for Q1 2018, down 12% quarter-over-quarter.
- 45 funds opened new Trinity Industries positions in Q1 2018 and 48 closed out, a net change of -3 holders.
- The largest Trinity Industries buyer in Q1 2018 was ValueAct Holdings, an estimated $95.8M added.
- The largest Trinity Industries seller in Q1 2018 was Impala Asset Management, an estimated $44.9M sold.
Based on aggregated 13F filings for Q1 2018.