Wabash National
WNC
225 hedge funds and large institutions have $1.13B invested in Wabash National in 2023 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 72 increasing their positions, 90 reducing their positions, and 20 closing their positions.
110% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 20
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
18% more capital invested
Capital invested by funds: $957M → $1.13B (+$177M)
10% more funds holding
Funds holding: 204 → 225 (+21)
1.63% more ownership
Funds ownership: 95.39% → 97.02% (+1.6%)
20% less repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 90
47% less call options, than puts
Call options by funds: $931K | Put options by funds: $1.77M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
+$18.3M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$10.8M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
+$8.5M |
| 4 |
Lazard Asset Management
New York
|
+$8.09M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$7.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$24.6M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$18.6M |
| 3 |
Bank of New York Mellon
New York
|
-$8.47M |
| 4 |
JP Morgan Chase
New York
|
-$7.34M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$7.25M |
WNC Hedge Fund Activity: Q1 2023 in Review
225 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Wabash National (WNC) for Q1 2023, worth a combined $1.13B — up 18% from $957M a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new WNC positions and 20 closed out — a net gain of 22 holders — while 72 added to existing stakes and 90 trimmed.
The largest buyer was Intrinsic Edge Capital Management, opening a new position worth an estimated $18.3M. The largest seller was Millennium Management, cutting an estimated $24.6M.
- 225 institutional investors held Wabash National (WNC) as of Q1 2023, up from 204 in Q4 2022.
- Funds reported $1.13B of Wabash National stock for Q1 2023, up 18% quarter-over-quarter.
- 42 funds opened new Wabash National positions in Q1 2023 and 20 closed out, a net change of +22 holders.
- The largest Wabash National buyer in Q1 2023 was Intrinsic Edge Capital Management, an estimated $18.3M added.
- The largest Wabash National seller in Q1 2023 was Millennium Management, an estimated $24.6M sold.
Based on aggregated 13F filings for Q1 2023.