Tronox
TROX
159 hedge funds and large institutions have $1.75B invested in Tronox in 2018 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 60 increasing their positions, 56 reducing their positions, and 27 closing their positions.
16% more call options, than puts
Call options by funds: $44.8M | Put options by funds: $38.8M
12% more capital invested
Capital invested by funds: $1.57B → $1.75B (+$188M)
3.19% more ownership
Funds ownership: 91.66% → 94.85% (+3.2%)
7% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 56
4% less funds holding
Funds holding: 165 → 159 (-6)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
15% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAL
TIG Advisors LLC
New York
|
+$58.4M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$19.3M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$12.7M |
| 4 |
TCIM
TIAA CREF Investment Management
New York
|
+$10.8M |
| 5 |
LM
Luminus Management
Houston,
Texas
|
+$9.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$29.7M |
| 2 |
FCM
Farallon Capital Management
San Francisco,
California
|
-$12.7M |
| 3 |
Goldman Sachs
New York
|
-$8.98M |
| 4 |
GAM
Gotham Asset Management
New York
|
-$7.4M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$6.95M |
TROX Hedge Fund Activity: Q2 2018 in Review
159 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Tronox (TROX) for Q2 2018, worth a combined $1.75B — up 12% from $1.57B a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of TROX and 23 opened new positions — a net loss of 4 holders — while 56 trimmed existing stakes and 60 added.
The largest buyer was TIG Advisors LLC, opening a new position worth an estimated $58.4M. The largest seller was Millennium Management, cutting an estimated $29.7M.
- 159 institutional investors held Tronox (TROX) as of Q2 2018, down from 165 in Q1 2018.
- Funds reported $1.75B of Tronox stock for Q2 2018, up 12% quarter-over-quarter.
- 23 funds opened new Tronox positions in Q2 2018 and 27 closed out, a net change of -4 holders.
- The largest Tronox buyer in Q2 2018 was TIG Advisors LLC, an estimated $58.4M added.
- The largest Tronox seller in Q2 2018 was Millennium Management, an estimated $29.7M sold.
Based on aggregated 13F filings for Q2 2018.