CEMEX SAB DE CV CX
SPON ADR NEW · ADR · CUSIP 151290889 · ISIN US1512908898
Mexican multinational company that manufactures and distributes cement, concrete and aggregates
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($6.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $6.65. Options: 13 managers hold calls ($20.2m notional), 13 hold puts ($7.3m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 209 |
| Q4 2022 | 214 |
| Q1 2023 | 243 |
| Q2 2023 | 258 |
| Q3 2023 | 278 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 95 | 106 |
| Q1 2023 | 121 | 97 |
| Q2 2023 | 124 | 117 |
| Q3 2023 | 138 | 118 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $3.4m | $6.4m | 1.86 |
| Q1 2023 | $8.7m | $2.5m | 0.29 |
| Q2 2023 | $25.2m | $14.7m | 0.58 |
| Q3 2023 | $20.2m | $7.3m | 0.36 |
Biggest buyers
| Man Group plc | New | +9.7m |
| AXIOM INVESTORS LLC /DE | New | +6.0m |
| ACADIAN ASSET MANAGEMENT LLC | Added | +5.5m |
| BANK OF AMERICA CORP /DE/ | Added | +5.5m |
| MARSHALL WACE, LLP | Added | +5.0m |
| Driehaus Capital Management LLC | New | +4.9m |
| MILLENNIUM MANAGEMENT LLC | Added | +4.0m |
| Russell Investments Group, Ltd. | Added | +3.0m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +2.7m |
| AQR CAPITAL MANAGEMENT LLC | Added | +2.5m |
Biggest sellers
| BAILLIE GIFFORD & CO | Reduced | -20.4m |
| Capital International Investors | Reduced | -17.8m |
| FMR LLC | Reduced | -16.7m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -11.6m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -7.4m |
| BRANDES INVESTMENT PARTNERS, LP | Reduced | -7.4m |
| Man Group plc | Sold out | -3.5m |
| BlackRock Inc. | Reduced | -1.8m |
| IPG Investment Advisors LLC | Reduced | -1.6m |
| South Dakota Investment Council | Reduced | -1.2m |
Biggest calls
| UBS Group AG | Reduced | $8.8m1.4m shares |
| ROYAL BANK OF CANADA | New | $3.2m500.0k shares |
| PEAK6 Investments LLC | Reduced | $2.7m413.7k shares |
| Calamos Advisors LLC | New | $1.5m211.0k shares |
| CITADEL ADVISORS LLC | Reduced | $941.9k144.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $800.1k123.1k shares |
| MILLENNIUM MANAGEMENT LLC | New | $650.0k100.0k shares |
| Walleye Trading LLC | Added | $443.3k68.2k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $399.1k61.4k shares |
| GTS SECURITIES LLC | New | $308.1k47.4k shares |
Biggest puts
| UBS Group AG | New | $1.6m250.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $1.1m174.4k shares |
| JANE STREET GROUP, LLC | Reduced | $968.5k149.0k shares |
| Walleye Trading LLC | Reduced | $839.1k129.1k shares |
| Walleye Capital LLC | Added | $628.5k96.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $619.5k95.3k shares |
| GROUP ONE TRADING LLC | Added | $577.2k88.8k shares |
| CITADEL ADVISORS LLC | Added | $300.9k46.3k shares |
| IMC-Chicago, LLC | New | $228.2k35.1k shares |
| WOLVERINE TRADING, LLC | Added | $191.8k29.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-23 | 8.5% |
| DODGE & COX 13G · institution -1.3 pts · filed 2026-08-13 | 5.3% |
Insider purchases and sales in Q3 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q3 2023.
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| BAILLIE GIFFORD & CO 0.31% of their portfolio | 52.7m $342.8m | Reduced -20.4m |
| FMR LLC 0.02% of their portfolio | 35.4m $230.3m | Reduced -16.7m |
| Capital International Investors 0.05% of their portfolio | 27.9m $181.0m | Reduced -17.8m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio | 26.9m $175.1m | Reduced -11.6m |
| PRINCIPAL FINANCIAL GROUP INC 0.09% of their portfolio | 19.3m $125.5m | Added +62.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.52% of their portfolio | 18.9m $123.0m | Added +5.5m |
| BRANDES INVESTMENT PARTNERS, LP 2.39% of their portfolio | 18.8m $122.3m | Reduced -7.4m |
| OAKTREE CAPITAL MANAGEMENT LP 1.38% of their portfolio | 14.0m $90.9m | Reduced -500.0k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 10.7m $69.4m | Reduced -98.4k |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 9.7m $63.3m | Added +318.5k |
| Man Group plc 0.20% of their portfolio | 9.7m $63.2m | New |
| AQR CAPITAL MANAGEMENT LLC 0.13% of their portfolio | 9.7m $62.9m | Added +2.5m |
| Robeco Institutional Asset Management B.V. 0.15% of their portfolio | 8.8m $57.0m | Added +373.2k |
| RWC ASSET ADVISORS (US) LLC 5.37% of their portfolio | 8.6m $56.0m | Added +668.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.08% of their portfolio | 8.4m $54.4m | Reduced -7.4m |
| Allspring Global Investments Holdings, LLC 0.10% of their portfolio | 8.4m $54.4m | Reduced -994.0k |
| Perpetual Ltd 0.53% of their portfolio | 7.9m $51.6m | Added +648.1k |
| Itau Unibanco Holding S.A. 2.08% of their portfolio | 7.2m $46.7m | Added +653.6k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 6.3m $40.7m | Added +4.0m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 6.2m $40.2m | Added +5.5m |
| AXIOM INVESTORS LLC /DE 0.57% of their portfolio | 6.0m $39.3m | New |
| Russell Investments Group, Ltd. 0.08% of their portfolio | 5.8m $38.0m | Added +3.0m |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 5.6m $36.4m | Added +83.4k |
| MARSHALL WACE, LLP 0.07% of their portfolio | 5.3m $34.2m | Added +5.0m |
| Driehaus Capital Management LLC 0.41% of their portfolio | 4.9m $31.7m | New |
| MORGAN STANLEY 0.00% of their portfolio | 4.5m $29.4m | Added +1.4m |
| Hosking Partners LLP 1.19% of their portfolio | 4.1m $26.9m | Added +95.8k |
| LETKO, BROSSEAU & ASSOCIATES INC 0.48% of their portfolio | 3.8m $24.5m | Reduced -559.9k |
| RWC Asset Management LLP 1.55% of their portfolio | 3.6m $23.7m | Added +502.2k |
| VANGUARD GROUP INC 0.00% of their portfolio | 3.4m $22.4m | Added +141.0k |
| STRS OHIO 0.10% of their portfolio | 3.3m $21.5m | Reduced -257.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.2m $21.0m | Reduced -459.4k |
| LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio | 3.1m $20.3m | Reduced -615.0k |
| Amundi 0.01% of their portfolio | 3.0m $18.7m | Added +1.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.10% of their portfolio | 3.0m $19.7m | Added +2.7m |
| SEI INVESTMENTS CO 0.04% of their portfolio | 3.0m $19.6m | Added +1.8m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 2.7m $17.5m | Added +1.6k |
| Capital International, Inc./CA/ 0.29% of their portfolio | 2.4m $15.3m | Reduced -379.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 2.2m $14.5m | New |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 2.2m $14.2m | Added +2.0m |
| IPG Investment Advisors LLC 2.95% of their portfolio | 2.1m $13.4m | Reduced -1.6m |
| STATE STREET CORP 0.00% of their portfolio | 2.0m $13.3m | Reduced -15.9k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 1.8m $12.0m | Added +1.6m |
| MOORE CAPITAL MANAGEMENT, LP 0.30% of their portfolio | 1.7m $11.1m | Added +981.8k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.7m $11.0m | Reduced -813.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.5m $9.5m | Added +437.4k |
| BlackRock Inc. 0.00% of their portfolio | 1.4m $9.3m | Reduced -1.8m |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio | 1.4m $8.9m | New |
| Jump Financial, LLC 0.32% of their portfolio | 1.3m $8.7m | Added +929.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $7.5m | Added +235.1k |
| UBS Group AG 0.00% of their portfolio | 1.2m $7.5m | Reduced -134.8k |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 1.1m $7.5m | New |
| Sagefield Capital LP 0.95% of their portfolio | 1.0m $6.8m | New |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 978.6k $6.4m | Added +523.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 940.0k $6.1m | Added +924.8k |
| APG Asset Management N.V. 0.01% of their portfolio | 924.7k $6.0m | Added +258.9k |
| Legal & General Group Plc 0.00% of their portfolio | 898.2k $5.8m | Reduced -112.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 839.8k $5.5m | Reduced -114.7k |
| RIVER GLOBAL INVESTORS LLP 1.26% of their portfolio | 829.2k $5.4m | Reduced -180.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 795.3k $5.2m | Reduced -61.5k |
| NISSAY ASSET MANAGEMENT CORP /JAPAN 0.05% of their portfolio | 762.1k $5.5m | Unchanged |
| HighTower Advisors, LLC 0.01% of their portfolio | 722.1k $4.7m | Added +29.3k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 650.3k $4.2m | Added +152.1k |
| LOOMIS SAYLES & CO L P 0.01% of their portfolio | 630.8k $4.1m | Reduced -249.4k |
| AXA S.A. 0.01% of their portfolio | 625.8k $4.1m | Reduced -776.3k |
| LEUTHOLD GROUP, LLC 0.52% of their portfolio | 572.4k $3.7m | Reduced -10.5k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio | 547.6k $3.6m | New |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 524.3k $3.4m | New |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 516.2k $3.4m | Reduced -101.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 514.6k $3.3m | Added +194.7k |
| JTC Employer Solutions Trustee Ltd 0.30% of their portfolio | 502.0k $3.3m | Unchanged |
| Dodge & Cox 0.00% of their portfolio | 496.5k $3.2m | Added +7.2k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 495.8k $3.2m | New |
| One01 Capital, LP 3.86% of their portfolio | 489.0k $3.2m | Added +131.9k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 459.0k $3.0m | Added +160.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.01% of their portfolio | 457.7k $3.0m | Added +418.5k |
| Quantbot Technologies LP 0.19% of their portfolio | 433.4k $2.8m | Added +399.5k |
| Calamos Advisors LLC 0.02% of their portfolio | 432.9k $2.8m | Reduced -181.2k |
| Dorsey Wright & Associates 0.87% of their portfolio | 428.6k $2.8m | Reduced -26.8k |
| CAPITAL FUND MANAGEMENT S.A. 0.04% of their portfolio | 425.5k $2.8m | Added +283.3k |
| ICON ADVISERS INC/CO 0.68% of their portfolio | 420.0k $2.7m | Added +120.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 414.7k $2.7m | New |
| Lesa Sroufe & Co 2.77% of their portfolio | 398.0k $2.6m | Reduced -4.2k |
| BECK CAPITAL MANAGEMENT, LLC 0.99% of their portfolio | 394.7k $2.6m | Reduced -7.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio | 379.2k $2.5m | Added +296.9k |
| Employees Retirement System of Texas 0.04% of their portfolio | 366.2k $2.4m | Unchanged |
| Advisors Asset Management, Inc. 0.05% of their portfolio | 361.8k $2.4m | Reduced -277 |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 298.3k $1.9m | Reduced -28.3k |
| CAPITAL INTERNATIONAL SARL 0.09% of their portfolio | 290.2k $1.9m | Unchanged |
| Aquatic Capital Management LLC 0.08% of their portfolio | 279.7k $1.8m | Added +178.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 251.9k $1.6m | New |
| HANTZ FINANCIAL SERVICES, INC. 0.04% of their portfolio | 243.3k $1.6m | Reduced -9.6k |
| ClariVest Asset Management LLC 0.08% of their portfolio | 227.6k $1.5m | Added +227.4k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 203.6k $1.3m | Reduced -77.6k |
| NAVELLIER & ASSOCIATES INC 0.22% of their portfolio | 200.3k $1.3m | New |
| RITHOLTZ WEALTH MANAGEMENT 0.05% of their portfolio | 183.6k $1.2m | Added +33.0k |
| Corient Private Wealth LP 0.00% of their portfolio | 179.8k $1.2m | Added +135.8k |
| GFS Advisors, LLC 0.18% of their portfolio | 176.2k $1.1m | Reduced -59.0k |
| State of New Jersey Common Pension Fund D 0.00% of their portfolio | 174.0k $1.1m | Reduced -113.2k |
| Engineers Gate Manager LP 0.04% of their portfolio | 172.5k $1.1m | Added +158.1k |