Tronox
TROX
139 hedge funds and large institutions have $1.18B invested in Tronox in 2013 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 50 increasing their positions, 42 reducing their positions, and 15 closing their positions.
80% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 15
53% more call options, than puts
Call options by funds: $6.8M | Put options by funds: $4.44M
19% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 42
9% more funds holding
Funds holding: 128 → 139 (+11)
0.31% more ownership
Funds ownership: 81.51% → 81.82% (+0.31%)
5% less capital invested
Capital invested by funds: $1.24B → $1.18B (-$65.7M)
18% less funds holding in top 10
Funds holding in top 10: 11 → 9 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$48.6M |
| 2 |
FCP
Fine Capital Partners
New York
|
+$33.4M |
| 3 |
HCM
Hirzel Capital Management
Dallas,
Texas
|
+$31.7M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$20.4M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$12.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$83.5M |
| 2 |
AC
Alleghany Corporation
New York
|
-$52.5M |
| 3 |
GCM
Greywolf Capital Management
Purchase,
New York
|
-$25.9M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$20.1M |
| 5 |
HCM
Hamlin Capital Management
New York
|
-$15.9M |
TROX Hedge Fund Activity: Q4 2013 in Review
139 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Tronox (TROX) for Q4 2013, worth a combined $1.18B — down 5.3% from $1.24B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new TROX positions and 15 closed out — a net gain of 12 holders — while 50 added to existing stakes and 42 trimmed.
The largest buyer was Balyasny Asset Management, adding an estimated $48.6M. The largest seller was Massachusetts Financial Services, cutting an estimated $83.5M.
- 139 institutional investors held Tronox (TROX) as of Q4 2013, up from 128 in Q3 2013.
- Funds reported $1.18B of Tronox stock for Q4 2013, down 5.3% quarter-over-quarter.
- 27 funds opened new Tronox positions in Q4 2013 and 15 closed out, a net change of +12 holders.
- The largest Tronox buyer in Q4 2013 was Balyasny Asset Management, an estimated $48.6M added.
- The largest Tronox seller in Q4 2013 was Massachusetts Financial Services, an estimated $83.5M sold.
Based on aggregated 13F filings for Q4 2013.