Tronox
TROX
160 hedge funds and large institutions have $1.46B invested in Tronox in 2014 Q2 according to their latest regulatory filings, with 47 funds opening new positions, 46 increasing their positions, 49 reducing their positions, and 21 closing their positions.
291% more call options, than puts
Call options by funds: $25.5M | Put options by funds: $6.52M
124% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 21
20% more capital invested
Capital invested by funds: $1.22B → $1.46B (+$243M)
19% more funds holding
Funds holding: 134 → 160 (+26)
4.77% more ownership
Funds ownership: 82.25% → 87.03% (+4.8%)
6% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 49
33% less funds holding in top 10
Funds holding in top 10: 9 → 6 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$44.9M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$34.6M |
| 3 |
State Street
Boston,
Massachusetts
|
+$22.8M |
| 4 |
PCMF
Private Capital Management (Florida)
Naples,
Florida
|
+$20.5M |
| 5 |
KAM
Keeley Asset Management
Chicago,
Illinois
|
+$20.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Gates Capital Management
New York
|
-$80.6M |
| 2 |
HCM
Hirzel Capital Management
Dallas,
Texas
|
-$57.5M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$55.9M |
| 4 |
FCP
Fine Capital Partners
New York
|
-$18.6M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$18.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
176
Prelude Capital Management
New York
| – | -$392K | -16,500 | Closed |
|
|
NCMW
177
Northern Capital Management (Wisconsin)
Madison,
Wisconsin
| – | -$221K | -9,300 | Closed |
|
178
LPL Financial
San Diego,
California
| – | -$203K | -8,550 | Closed |
|
|
DADC
179
D.A. Davidson & Co
Great Falls,
Montana
| – | -$152K | -6,456 | Closed |
|
|
BAM
180
Brave Asset Management
Summit,
New Jersey
| – | -$48K | -2,000 | Closed |
|
|
WA
181
Waverly Advisors
Birmingham,
Alabama
| – | -$35K | -1,466 | Closed |
|
TROX Hedge Fund Activity: Q2 2014 in Review
160 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Tronox (TROX) for Q2 2014, worth a combined $1.46B — up 20% from $1.22B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new TROX positions and 21 closed out — a net gain of 26 holders — while 46 added to existing stakes and 49 trimmed.
The largest buyer was DePrince Race & Zollo Inc (DRZ), opening a new position worth an estimated $44.9M. The largest seller was Gates Capital Management, exiting entirely with an estimated $80.6M sold.
- 160 institutional investors held Tronox (TROX) as of Q2 2014, up from 134 in Q1 2014.
- Funds reported $1.46B of Tronox stock for Q2 2014, up 20% quarter-over-quarter.
- 47 funds opened new Tronox positions in Q2 2014 and 21 closed out, a net change of +26 holders.
- The largest Tronox buyer in Q2 2014 was DePrince Race & Zollo Inc (DRZ), an estimated $44.9M added.
- The largest Tronox seller in Q2 2014 was Gates Capital Management, an estimated $80.6M sold.
Based on aggregated 13F filings for Q2 2014.