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 ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $5.64. Options: 8 managers hold calls ($7.2m notional), 9 hold puts ($3.1m).
Trends to Q4 2024
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 |
| Q4 2023 | 300 |
| Q1 2024 | 301 |
| Q2 2024 | 289 |
| Q3 2024 | 281 |
| Q4 2024 | 266 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 121 | 97 |
| Q2 2023 | 124 | 117 |
| Q3 2023 | 138 | 118 |
| Q4 2023 | 140 | 116 |
| Q1 2024 | 133 | 154 |
| Q2 2024 | 128 | 151 |
| Q3 2024 | 146 | 129 |
| Q4 2024 | 110 | 150 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $11.0m | $6.3m | 0.58 |
| Q2 2024 | $3.6m | $883.9k | 0.25 |
| Q3 2024 | $6.2m | $3.9m | 0.63 |
| Q4 2024 | $7.2m | $3.1m | 0.43 |
Biggest buyers
| Dodge & Cox | Added | +48.9m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Added | +23.6m |
| ANTIPODES PARTNERS Ltd | New | +15.3m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +9.5m |
| Orbis Allan Gray Ltd | New | +6.4m |
| BRANDES INVESTMENT PARTNERS, LP | Added | +6.1m |
| BlackRock, Inc. | Added | +2.9m |
| MARSHALL WACE, LLP | Added | +2.4m |
| IPG Investment Advisors LLC | Added | +2.1m |
| RWC Asset Management LLP | Added | +1.8m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -21.2m |
| 59 North Capital Management, LP | Sold out | -17.4m |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -15.1m |
| BANK OF AMERICA CORP /DE/ | Reduced | -8.9m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -8.8m |
| Capital International Investors | Reduced | -7.7m |
| Allspring Global Investments Holdings, LLC | Sold out | -7.2m |
| Blackstone Inc. | Sold out | -6.2m |
| Balyasny Asset Management L.P. | Reduced | -5.7m |
| Robeco Institutional Asset Management B.V. | Reduced | -3.6m |
Biggest calls
| UBS Group AG | Unchanged | $2.3m400.0k shares |
| JANE STREET GROUP, LLC | Added | $1.9m339.5k shares |
| MILLENNIUM MANAGEMENT LLC | New | $1.7m300.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $638.4k113.2k shares |
| CITADEL ADVISORS LLC | Reduced | $570.2k101.1k shares |
| WOLVERINE TRADING, LLC | Reduced | $80.2k14.4k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $63.2k11.2k shares |
| Walleye Trading LLC | Reduced | $5.6k1.0k shares |
Biggest puts
| UBS Group AG | Unchanged | $2.3m400.0k shares |
| IMC-Chicago, LLC | Reduced | $245.9k43.6k shares |
| Walleye Trading LLC | Reduced | $172.6k30.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $139.9k24.8k shares |
| Genus Capital Management Inc. | Unchanged | $120.8k21.4k shares |
| SIMPLEX TRADING, LLC | Added | $109.0k19.4k shares |
| CITADEL ADVISORS LLC | Reduced | $44.0k7.8k shares |
| GROUP ONE TRADING LLC | Added | $19.2k3.4k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 Q4 2024
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 Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| Dodge & Cox 0.16% of their portfolio | 49.6m $279.9m | Added +48.9m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 40.7m $229.8m | Added +9.5m |
| LAZARD ASSET MANAGEMENT LLC 0.30% of their portfolio | 36.8m $207.8m | Added +1.1m |
| BAILLIE GIFFORD & CO 0.14% of their portfolio | 31.7m $178.8m | Reduced -1.2m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.14% of their portfolio | 26.7m $150.8m | Added +23.6m |
| BRANDES INVESTMENT PARTNERS, LP 1.53% of their portfolio | 24.2m $136.7m | Added +6.1m |
| FMR LLC 0.01% of their portfolio | 19.8m $111.8m | Reduced -773.1k |
| ANTIPODES PARTNERS Ltd 2.99% of their portfolio | 15.3m $86.1m | New |
| OAKTREE CAPITAL MANAGEMENT LP 1.56% of their portfolio | 14.6m $82.3m | Reduced -100.0k |
| RWC ASSET ADVISORS (US) LLC 13.55% of their portfolio | 12.0m $67.9m | Added +719.7k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 11.0m $62.3m | Reduced -31.8k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 9.5m $53.8m | Reduced -8.8m |
| Perpetual Ltd 0.62% of their portfolio | 9.4m $52.9m | Reduced -636.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.16% of their portfolio | 8.0m $45.3m | Reduced -1.5m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 7.7m $43.4m | Reduced -21.2m |
| Marathon Asset Management Ltd 1.15% of their portfolio | 7.3m $41.0m | Reduced -73.7k |
| Orbis Allan Gray Ltd 0.19% of their portfolio | 6.4m $36.2m | New |
| BlackRock, Inc. 0.00% of their portfolio | 6.4m $35.9m | Added +2.9m |
| Robeco Institutional Asset Management B.V. 0.07% of their portfolio | 6.3m $35.3m | Reduced -3.6m |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 6.1m $34.7m | Added +8.0k |
| RWC Asset Management LLP 1.66% of their portfolio | 5.9m $33.1m | Added +1.8m |
| LOOMIS SAYLES & CO L P 0.04% of their portfolio | 5.3m $29.8m | Reduced -116.0k |
| Hosking Partners LLP 1.13% of their portfolio | 5.1m $28.9m | Reduced -320.7k |
| MORGAN STANLEY 0.00% of their portfolio | 4.9m $27.5m | Reduced -1.1m |
| STRS OHIO 0.11% of their portfolio | 4.8m $26.9m | Added +1.4m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 4.5m $25.5m | Reduced -1.8m |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 4.2m $23.8m | Added +141.0k |
| VANGUARD GROUP INC 0.00% of their portfolio | 3.9m $21.8m | Added +53.3k |
| LETKO, BROSSEAU & ASSOCIATES INC 0.41% of their portfolio | 3.8m $21.3m | Added +58.9k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 3.5m $20.0m | Added +72.7k |
| IPG Investment Advisors LLC 4.52% of their portfolio | 3.5m $19.9m | Added +2.1m |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 3.5m $19.5m | Reduced -15.1m |
| UBS Group AG 0.00% of their portfolio | 2.8m $16.0m | Added +958.0k |
| Amundi 0.01% of their portfolio | 2.8m $15.9m | Reduced -171.6k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 2.5m $14.3m | Added +2.4m |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.04% of their portfolio | 2.3m $13.1m | Added +900.2k |
| Carrhae Capital LLP 1.48% of their portfolio | 2.2m $12.5m | Added +350.4k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 2.2m $12.1m | Added +502.4k |
| Capital International Investors 0.00% of their portfolio | 2.0m $11.4m | Reduced -7.7m |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 1.9m $10.9m | Reduced -276.2k |
| Sourcerock Group LLC 0.77% of their portfolio | 1.9m $10.9m | Reduced -2.5m |
| STATE STREET CORP 0.00% of their portfolio | 1.8m $10.1m | Added +89.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.7m $9.6m | Added +857.8k |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT 0.65% of their portfolio | 1.7m $9.6m | New |
| MMBG INVESTMENT ADVISORS CO. 0.83% of their portfolio | 1.4m $7.8m | Added +469.4k |
| Itau Unibanco Holding S.A. 0.24% of their portfolio | 1.4m $7.7m | Reduced -1.8m |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.03% of their portfolio | 1.3m $7.6m | Reduced -133.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.1m $6.4m | Added +52.0k |
| CastleKnight Management LP 0.70% of their portfolio | 1.1m $6.4m | Added +51.5k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 1.1m $6.4m | Reduced -5.7m |
| State of New Jersey Common Pension Fund D 0.02% of their portfolio | 1.1m $6.0m | Added +364.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 981.0k $5.5m | Reduced -327.8k |
| DEPRINCE RACE & ZOLLO INC 0.11% of their portfolio | 969.4k $5.5m | Added +135.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 961.1k $5.4m | Reduced -734.1k |
| South Dakota Investment Council 0.11% of their portfolio | 936.3k $5.3m | Added +934.2k |
| PANAGORA ASSET MANAGEMENT INC 0.02% of their portfolio | 867.2k $4.9m | Reduced -69 |
| Ramirez Asset Management, Inc. 0.91% of their portfolio | 799.9k $4.5m | Added +47.7k |
| HighTower Advisors, LLC 0.01% of their portfolio | 726.4k $4.1m | Reduced -26.6k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.03% of their portfolio | 725.3k $4.1m | Added +46.2k |
| Moneda S.A. Administradora General de Fondos 4.21% of their portfolio | 717.7k $4.0m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 716.8k $4.0m | Added +46.3k |
| Legal & General Group Plc 0.00% of their portfolio | 682.1k $3.8m | Reduced -45.3k |
| Advisors Asset Management, Inc. 0.07% of their portfolio | 672.3k $3.8m | Added +105.2k |
| ICON ADVISERS INC/CO 0.83% of their portfolio | 650.0k $3.7m | Reduced -220.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.04% of their portfolio | 649.8k $3.7m | Added +133.3k |
| ABS Direct Equity Fund LLC 3.82% of their portfolio | 584.3k $3.3m | Reduced -3.7k |
| Bastion Asset Management Inc. 2.18% of their portfolio | 568.1k $3.3m | First filing |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 523.4k $3.0m | Reduced -32.6k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 519.2k $2.9m | Reduced -297.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 485.8k $2.7m | Reduced -82.4k |
| Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio | 449.6k $2.5m | Reduced -104.0k |
| JTC Employer Solutions Trustee Ltd 0.16% of their portfolio | 402.0k $2.2m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 365.9k $2.1m | Reduced -8.9m |
| NATIXIS ADVISORS, LLC 0.00% of their portfolio | 358.8k $2.0m | Added +43.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 323.3k $1.8m | Reduced -76.7k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio | 307.6k $1.7m | New |
| RIVER GLOBAL INVESTORS LLP 0.32% of their portfolio | 296.8k $1.7m | Reduced -272.3k |
| Jain Global LLC 0.05% of their portfolio | 269.4k $1.5m | First filing |
| B. Metzler seel. Sohn & Co. AG 0.02% of their portfolio | 265.6k $1.5m | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 253.0k $1.4m | First filing |
| HANTZ FINANCIAL SERVICES, INC. 0.02% of their portfolio | 246.6k $1.4m | Added +54.2k |
| Jump Financial, LLC 0.03% of their portfolio | 215.8k $1.2m | Reduced -1.6m |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 211.1k $1.2m | Reduced -228.2k |
| Creative Planning 0.00% of their portfolio | 198.1k $1.1m | Added +137 |
| LPL Financial LLC 0.00% of their portfolio | 190.6k $1.1m | Added +21.6k |
| Corient Private Wealth LP 0.00% of their portfolio | 190.5k $1.1m | Reduced -5.3k |
| Calamos Advisors LLC 0.00% of their portfolio | 184.7k $1.0m | Unchanged |
| Generali Investments CEE, investicni spolecnost, a.s. 0.11% of their portfolio | 184.2k $1.0m | First filing |
| Man Group plc 0.00% of their portfolio | 176.8k $996.9k | Reduced -483.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 174.0k $981.4k | Added +100.0k |
| GFS Advisors, LLC 0.14% of their portfolio | 166.4k $939.0k | Unchanged |
| Thomas J. Herzfeld Advisors, Inc. 0.28% of their portfolio | 155.6k $877.5k | Unchanged |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 150.0k $846.0k | New |
| Schechter Investment Advisors, LLC 0.06% of their portfolio | 148.6k $838.4k | Added +24.2k |
| RITHOLTZ WEALTH MANAGEMENT 0.02% of their portfolio | 144.8k $816.8k | Reduced -1.7k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 139.7k $788.0k | Added +39.3k |
| Crossmark Global Holdings, Inc. 0.01% of their portfolio | 138.8k $783.0k | Added +1.2k |
| XTX Topco Ltd 0.06% of their portfolio | 137.3k $774.1k | New |
| CITIGROUP INC 0.00% of their portfolio | 123.6k $697.3k | Reduced -14.1k |
| Provida Pension Fund Administrator 0.01% of their portfolio | 100.6k $567.4k | Unchanged |