Tronox
TROX
165 hedge funds and large institutions have $1.57B invested in Tronox in 2018 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 59 increasing their positions, 56 reducing their positions, and 46 closing their positions.
127% more call options, than puts
Call options by funds: $71.7M | Put options by funds: $31.6M
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
5% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 56
1.33% less ownership
Funds ownership: 92.99% → 91.66% (-1.3%)
9% less funds holding
Funds holding: 182 → 165 (-17)
10% less capital invested
Capital invested by funds: $1.74B → $1.57B (-$170M)
37% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 46
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Gruss Capital Management
New York
|
+$39.8M |
| 2 |
TCIM
TIAA CREF Investment Management
New York
|
+$26.7M |
| 3 |
Millennium Management
New York
|
+$16.7M |
| 4 |
SM
Scoggin Management
New York
|
+$14.4M |
| 5 |
KC
Kepos Capital
New York
|
+$12.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TPCM
Tide Point Capital Management
Old Greenwich,
Connecticut
|
-$34.6M |
| 2 |
Jennison Associates
New York
|
-$22.1M |
| 3 |
Two Sigma Investments
New York
|
-$19.3M |
| 4 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$17.4M |
| 5 |
TAL
TIG Advisors LLC
New York
|
-$15M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Acadian Asset Management
Boston,
Massachusetts
| – | -$7K | -349 | Closed |
|
|
DCM
202
Delpha Capital Management
New York
| – | -$3K | -137 | Closed |
|
|
GFP
203
Gryphon Financial Partners
Columbus,
Ohio
| – | -$2K | -119 | Closed |
|
204
First Manhattan
New York
| – | -$2.35K | -118 | -94% |
|
|
HMS
205
Hanseatic Management Services
Albuquerque,
New Mexico
| – | -$2K | -76 | Closed |
|
206
US Bancorp
Minneapolis,
Minnesota
| – | +$60 | +3 | New |
|
|
S
207
SignatureFD
Atlanta,
Georgia
| – | +$279 | +14 | New |
|
TROX Hedge Fund Activity: Q1 2018 in Review
165 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Tronox (TROX) for Q1 2018, worth a combined $1.57B — down 9.8% from $1.74B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of TROX and 29 opened new positions — a net loss of 17 holders — while 56 trimmed existing stakes and 59 added.
The largest buyer was Gruss Capital Management, opening a new position worth an estimated $39.8M. The largest seller was Tide Point Capital Management, exiting entirely with an estimated $34.6M sold.
- 165 institutional investors held Tronox (TROX) as of Q1 2018, down from 182 in Q4 2017.
- Funds reported $1.57B of Tronox stock for Q1 2018, down 9.8% quarter-over-quarter.
- 29 funds opened new Tronox positions in Q1 2018 and 46 closed out, a net change of -17 holders.
- The largest Tronox buyer in Q1 2018 was Gruss Capital Management, an estimated $39.8M added.
- The largest Tronox seller in Q1 2018 was Tide Point Capital Management, an estimated $34.6M sold.
Based on aggregated 13F filings for Q1 2018.