Vault-13

WESTROCK CO WRK

COM · Common Stock · CUSIP 96145D105 · ISIN US96145D1054

594 institutional holders +19 vs Q2 2023
222,707,904222.7m shares reported held*
$8.0bnreported value*
88 new 192 added 209 reduced 72 sold out net sold ≈ $37.7m (-1.4m shares)

* 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 ($7.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $35.87. Options: 20 managers hold calls ($64.7m notional), 19 hold puts ($17.8m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 580Q4 22: 604Q1 23: 565Q2 23: 575Q3 23: 594594Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022580
Q4 2022604
Q1 2023565
Q2 2023575
Q3 2023594

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 22: 289 bought or addedQ4 22: 264 cut or sold outQ4 22Q1 23: 295 bought or addedQ1 23: 258 cut or sold outQ1 23Q2 23: 252 bought or addedQ2 23: 272 cut or sold outQ2 23Q3 23: 280 bought or addedQ3 23: 281 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022289264
Q1 2023295258
Q2 2023252272
Q3 2023280281

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60m$80mQ4 22 calls: $27.7mQ4 22 puts: $27.7mQ4 22P/C 1.00Q1 23 calls: $37.7mQ1 23 puts: $28.4mQ1 23P/C 0.75Q2 23 calls: $28.8mQ2 23 puts: $24.5mQ2 23P/C 0.85Q3 23 calls: $64.7mQ3 23 puts: $17.8mQ3 23P/C 0.28
Numbers
QuarterCallsPutsP/C
Q4 2022$27.7m$27.7m1.00
Q1 2023$37.7m$28.4m0.75
Q2 2023$28.8m$24.5m0.85
Q3 2023$64.7m$17.8m0.28

Biggest buyers

Balyasny Asset Management L.P. Added +1,838,940+1.8m
Pentwater Capital Management LP New +1,714,471+1.7m
Segantii Capital Management Ltd New +1,660,000+1.7m
Assenagon Asset Management S.A. Added +1,269,632+1.3m
FMR LLC Added +1,269,375+1.3m
Davidson Kempner Capital Management LP New +1,155,243+1.2m
Hudson Bay Capital Management LP New +1,000,000+1.0m
Zurich Insurance Group Ltd/FI Added +946,668+946.7k
ALLIANCEBERNSTEIN L.P. Added +902,154+902.2k
NORGES BANK Added +840,150+840.1k

Biggest sellers

Impax Asset Management Group plc Reduced -3,675,523-3.7m
CAUSEWAY CAPITAL MANAGEMENT LLC Sold out -2,111,676-2.1m
BARCLAYS PLC Reduced -1,364,701-1.4m
AQR CAPITAL MANAGEMENT LLC Reduced -1,000,343-1.0m
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Reduced -878,990-879.0k
FIRST TRUST ADVISORS LP Reduced -834,139-834.1k
Squarepoint Ops LLC Reduced -823,888-823.9k
PRUDENTIAL FINANCIAL INC Reduced -807,064-807.1k
BlackRock Inc. Reduced -705,837-705.8k
DEPRINCE RACE & ZOLLO INC Reduced -628,065-628.1k

Biggest calls

Balyasny Asset Management L.P. New $30.1m840.8k shares
JANE STREET GROUP, LLC Added $7.4m205.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.0m139.1k shares
CITADEL ADVISORS LLC Reduced $4.8m135.1k shares
GROUP ONE TRADING LLC Added $3.4m96.0k shares
SIMPLEX TRADING, LLC Reduced $3.1m86.3k shares
Cubist Systematic Strategies, LLC Reduced $2.5m69.9k shares
PEAK6 Investments LLC Added $1.6m43.5k shares
Parallax Volatility Advisers, L.P. Reduced $1.2m32.9k shares
Walleye Trading LLC Reduced $1.1m31.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.4m95.3k shares
SIMPLEX TRADING, LLC Reduced $2.4m66.4k shares
Cubist Systematic Strategies, LLC Reduced $2.3m64.8k shares
Centiva Capital, LP New $1.8m50.0k shares
CITADEL ADVISORS LLC Reduced $1.7m46.2k shares
Walleye Trading LLC Reduced $1.5m42.3k shares
Balyasny Asset Management L.P. New $1.0m29.3k shares
JANE STREET GROUP, LLC Reduced $887.8k24.8k shares
PEAK6 Investments LLC Added $773.3k21.6k shares
Walleye Capital LLC Reduced $526.3k14.7k 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.

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.03% of their portfolio Valley Forge, PA 31,148,33231.1m $1.1bn $1.1bn 0.03% Reduced -512.6k -512,631
2 BlackRock Inc. 0.03% of their portfolio New York, NY 25,708,16525.7m $920.4m $920.4m 0.03% Reduced -705.8k -705,837
3 GREENHAVEN ASSOCIATES INC 6.28% of their portfolio Purchase, NY 13,519,77013.5m $484.0m $484.0m 6.28% Reduced -41.7k -41,700
4 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 11,585,59711.6m $414.8m $414.8m 0.02% Reduced -400.7k -400,710
5 PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio BALTIMORE, MD 10,453,39410.5m $374.2m $374.2m 0.05% Reduced -300.4k -300,406
6 Pictet Asset Management Holding SA 0.29% of their portfolio CAROUGE, V8 6,483,7916.5m $232.1m $232.1m 0.29% First filing
7 GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio BOSTON, MA 5,723,8915.7m $204.5m $204.5m 0.02% Added +112.2k +112,206
8 Invesco Ltd. 0.05% of their portfolio ATLANTA, GA 5,130,0985.1m $183.7m $183.7m 0.05% Reduced -403.5k -403,456
9 NORDEA INVESTMENT MANAGEMENT AB 0.25% of their portfolio STOCKHOLM, V7 5,006,5135.0m $181.4m $181.4m 0.25% Reduced -6.8k -6,843
10 NORGES BANK 0.04% of their portfolio OSLO, Q8 4,999,9195.0m $179.0m $179.0m 0.04% Added +840.1k +840,150
11 LSV ASSET MANAGEMENT 0.33% of their portfolio CHICAGO, IL 3,976,0064.0m $142.3m $142.3m 0.33% Reduced -58.1k -58,100
12 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio Boston, MA 3,962,2374.0m $141.8m $141.8m 0.05% Reduced -879.0k -878,990
13 DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio AUSTIN, TX 3,168,2033.2m $113.4m $113.4m 0.04% Reduced -477.1k -477,091
14 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,954,1143.0m $105.8m $105.8m 0.01% Added +74.2k +74,185
15 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,741,8472.7m $98.2m $98.2m 0.01% Reduced -124.5k -124,524
16 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 2,696,8982.7m $96.5m $96.5m 0.02% Added +275.0k +275,033
17 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 2,681,7982.7m $96.0m $96.0m 0.02% Reduced -34.0k -33,966
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 2,552,4902.6m $91.4m $91.4m 0.03% Added +78.8k +78,818
19 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 2,348,7232.3m $84.1m $84.1m 0.02% Reduced -32.2k -32,161
20 FMR LLC 0.01% of their portfolio BOSTON, MA 2,173,9232.2m $77.8m $77.8m 0.01% Added +1.3m +1,269,375
21 Atlas FRM LLC 12.42% of their portfolio GREENWICH, CT 2,100,0002.1m $75.2m $75.2m 12.42% Reduced -600.0k -600,000
22 Balyasny Asset Management L.P. 0.19% of their portfolio Chicago, IL 1,889,2441.9m $67.6m $67.6m 0.19% Added +1.8m +1,838,940
23 DEUTSCHE BANK AG\ 0.04% of their portfolio FRANKFURT AM MAIN, 2M 1,825,1891.8m $65.3m $65.3m 0.04% Added +753.8k +753,828
24 Pentwater Capital Management LP 0.59% of their portfolio Naples, FL 1,714,4711.7m $61.4m $61.4m 0.59% New
25 Segantii Capital Management Ltd 2.23% of their portfolio HONG KONG, K3 1,660,0001.7m $59.4m $59.4m 2.23% New
26 APG Asset Management N.V. 0.12% of their portfolio Amsterdam, P7 1,582,1841.6m $56.6m $56.6m 0.12% Reduced -278.8k -278,833
27 Capital Research Global Investors 0.01% of their portfolio Los Angeles, CA 1,445,7541.4m $51.8m $51.8m 0.01% Added +735 +735
28 Amundi 0.03% of their portfolio Paris, I0 1,438,5071.4m $53.1m $53.1m 0.03% Added +418.8k +418,806
29 Legal & General Group Plc 0.02% of their portfolio London, X0 1,385,8221.4m $49.6m $49.6m 0.02% Reduced -327.2k -327,244
30 Assenagon Asset Management S.A. 0.16% of their portfolio SENNINGERBERG, N4 1,290,7081.3m $46.2m $46.2m 0.16% Added +1.3m +1,269,632
31 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 1,259,7201.3m $45.1m $45.1m 0.02% Added +902.2k +902,154
32 Davidson Kempner Capital Management LP 0.64% of their portfolio New York, NY 1,155,2431.2m $41.4m $41.4m 0.64% New
33 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 1,116,6971.1m $40.0m $40.0m 0.04% Reduced -476.8k -476,812
34 Taconic Capital Advisors LP 2.21% of their portfolio NEW YORK, NY 1,060,0001.1m $37.9m $37.9m 2.21% Not comparable
35 CREDIT SUISSE AG/ 0.04% of their portfolio ZURICH, V8 1,057,6021.1m $37.9m $37.9m 0.04% Added +181.8k +181,805
36 LAKEWOOD CAPITAL MANAGEMENT, LP 3.41% of their portfolio New York, NY 1,047,5121.0m $37.5m $37.5m 3.41% Added +225.0k +225,000
37 PRIVATE MANAGEMENT GROUP INC 1.53% of their portfolio IRVINE, CA 1,045,5411.0m $37.4m $37.4m 1.53% Reduced -4.0k -4,043
38 Hudson Bay Capital Management LP 0.17% of their portfolio STAMFORD, CT 1,000,0001.0m $35.8m $35.8m 0.17% New
39 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 979,908979.9k $35.1m $35.1m 0.02% Reduced -276.0k -275,973
40 Zurich Insurance Group Ltd/FI 0.37% of their portfolio ZURICH, V8 974,168974.2k $34.9m $34.9m 0.37% Added +946.7k +946,668
41 UBS Group AG 0.02% of their portfolio ZURICH, V8 928,368928.4k $33.2m $33.2m 0.02% Added +555.2k +555,172
42 PRUDENTIAL FINANCIAL INC 0.05% of their portfolio NEWARK, NJ 909,750909.8k $32.6m $32.6m 0.05% Reduced -807.1k -807,064
43 PANAGORA ASSET MANAGEMENT INC 0.19% of their portfolio BOSTON, MA 832,989833.0k $29.8m $29.8m 0.19% Added +458.3k +458,277
44 Swiss National Bank 0.02% of their portfolio ZURICH, V8 823,886823.9k $29.5m $29.5m 0.02% Reduced -91.8k -91,800
45 Retirement Systems of Alabama 0.13% of their portfolio MONTGOMERY, AL 800,048800.0k $28.6m $28.6m 0.13% Added +741.8k +741,837
46 Westchester Capital Management, LLC 0.95% of their portfolio VALHALLA, NY 770,758770.8k $27.6m $27.6m 0.95% New
47 KGH Ltd 1.52% of their portfolio NASSAU, C5 759,000759.0k $27.2m $27.2m 1.52% Added +200.0k +200,000
48 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 718,753718.8k $25.7m $25.7m 0.01% Added +116.2k +116,219
49 PATTEN & PATTEN INC/TN 2.24% of their portfolio CHATTANOOGA, TN 713,582713.6k $25.5m $25.5m 2.24% Reduced -6.8k -6,822
50 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 700,702700.7k $25.1m $25.1m 0.04% Added +111.6k +111,623
51 Orbis Allan Gray Ltd 0.18% of their portfolio HamiltoN, D0 691,097691.1k $24.7m $24.7m 0.18% New
52 Magnetar Financial LLC 0.62% of their portfolio EVANSTON, IL 675,087675.1k $24.2m $24.2m 0.62% New
53 WESTWOOD HOLDINGS GROUP INC 0.22% of their portfolio DALLAS, TX 668,824668.8k $23.9m $23.9m 0.22% Added +148.5k +148,511
54 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 661,311661.3k $23.7m $23.7m 0.02% Reduced -1.4m -1,364,701
55 NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio MONTREAL, A8 657,681657.7k $23.4m $23.4m 0.04% Added +568.2k +568,232
56 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 638,063638.1k $22.9m $22.9m 0.04% Added +3.5k +3,466
57 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 615,752615.8k $22.1m $22.1m 0.02% Added +189.1k +189,135
58 Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio CHIYODA-KU, TOKYO, M0 610,299610.3k $21.8m $21.8m 0.02% Reduced -18.2k -18,235
59 Carlson Capital, L.P. 1.61% of their portfolio DALLAS, TX 575,000575.0k $20.6m $20.6m 1.61% New
60 Boussard & Gavaudan Investment Management LLP 2.42% of their portfolio London, X0 567,892567.9k $20.6m $20.6m 2.42% New
61 California Public Employees Retirement System 0.02% of their portfolio Sacramento, CA 509,016509.0k $18.2m $18.2m 0.02% Added +30.5k +30,476
62 Savant Capital, LLC 0.26% of their portfolio ROCKFORD, IL 495,763495.8k $17.7m $17.7m 0.26% Added +3.2k +3,191
63 Redwood Grove Capital, LLC 7.10% of their portfolio New York, NY 494,998495.0k $17.7m $17.7m 7.10% Added +30.0k +30,000
64 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 488,992489.0k $17.5m $17.5m 0.00% Reduced -21.2k -21,151
65 RHUMBLINE ADVISERS 0.02% of their portfolio BOSTON, MA 480,288480.3k $17.2m $17.2m 0.02% Reduced -14.7k -14,674
66 Impax Asset Management Group plc 0.08% of their portfolio LONDON, X0 475,122475.1k $17.0m $17.0m 0.08% Reduced -3.7m -3,675,523
67 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.25% of their portfolio Stamford, CT 470,280470.3k $16.8m $16.8m 0.25% Added +408.2k +408,211
68 Man Group plc 0.05% of their portfolio LONDON, X0 455,811455.8k $16.3m $16.3m 0.05% New
69 NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio ALBANY, NY 450,819450.8k $16.1m $16.1m 0.02% Reduced -394.4k -394,397
70 BANK OF NOVA SCOTIA 0.04% of their portfolio TORONTO, A6 449,952450.0k $16.1m $16.1m 0.04% Added +429.3k +429,343
71 PARADIGM CAPITAL MANAGEMENT INC/NY 0.92% of their portfolio ALBANY, NY 447,823447.8k $16.0m $16.0m 0.92% Unchanged
72 SALEM INVESTMENT COUNSELORS INC 0.59% of their portfolio WINSTON-SALEM, NC 435,562435.6k $15.6m $15.6m 0.59% Added +20.0k +20,000
73 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 428,625428.6k $15.3m $15.3m 0.00% Reduced -581.2k -581,237
74 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 403,334403.3k $15.0m $15.0m 0.01% Added +188.0k +188,012
75 Verition Fund Management LLC 0.19% of their portfolio GREENWICH, CT 391,996392.0k $14.0m $14.0m 0.19% Reduced -447.9k -447,890
76 TWINBEECH CAPITAL LP 0.26% of their portfolio PURCHASE, NY 374,417374.4k $13.4m $13.4m 0.26% Added +324.0k +323,969
77 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio WEST SACRAMENTO, CA 374,416374.4k $13.4m $13.4m 0.02% Reduced -33.2k -33,241
78 MACQUARIE GROUP LTD 0.02% of their portfolio Sydney, NSW 2000, C3 365,020365.0k $13.1m $13.1m 0.02% Added +3.4k +3,392
79 Sand Grove Capital Management LLP 1.78% of their portfolio LONDON, X0 346,783346.8k $12.4m $12.4m 1.78% New
80 HRT FINANCIAL LP 0.12% of their portfolio NEW YORK, NY 335,504335.5k $12.0m $12.0m 0.12% New
81 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.05% of their portfolio TORONTO, A6 320,600320.6k $11.5m $11.5m 0.05% Added +222.6k +222,600
82 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio TALLAHASSEE, FL 310,336310.3k $11.1m $11.1m 0.03% Added +380 +380
83 DEPRINCE RACE & ZOLLO INC 0.27% of their portfolio Winter Park, FL 310,336310.3k $11.1m $11.1m 0.27% Reduced -628.1k -628,065
84 South Dakota Investment Council 0.25% of their portfolio SIOUX FALLS, SD 310,211310.2k $11.1m $11.1m 0.25% Reduced -22.9k -22,900
85 HEARTLAND ADVISORS INC 0.62% of their portfolio MILWAUKEE, WI 307,500307.5k $11.0m $11.0m 0.62% Added +7.5k +7,500
86 AMF Tjanstepension AB 0.11% of their portfolio STOCKHOLM, V7 303,203303.2k $10.9m $10.9m 0.11% Added +59.1k +59,130
87 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 301,563301.6k $10.8m $10.8m 0.01% Added +7.7k +7,658
88 Mesirow Institutional Investment Management, Inc. 1.08% of their portfolio CHICAGO, IL 298,625298.6k $10.7m $10.7m 1.08% New
89 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 296,989297.0k $10.6m $10.6m 0.02% Added +66.9k +66,901
90 TIG Advisors, LLC 0.52% of their portfolio New York, NY 293,510293.5k $10.5m $10.5m 0.52% New
91 Arnhold LLC 1.16% of their portfolio New York, NY 271,112271.1k $9.7m $9.7m 1.16% Reduced -122.9k -122,863
92 Hosking Partners LLP 0.42% of their portfolio LONDON, X0 264,691264.7k $9.5m $9.5m 0.42% Added +15.8k +15,759
93 Engineers Gate Manager LP 0.35% of their portfolio NEW YORK, NY 263,203263.2k $9.4m $9.4m 0.35% Added +1.4k +1,437
94 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio Boston, MA 256,638256.6k $9.2m $9.2m 0.02% Added +1.4k +1,449
95 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio ALBANY, NY 253,614253.6k $9.1m $9.1m 0.02% Reduced -19.0k -18,967
96 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 253,064253.1k $9.1m $9.1m 0.00% Reduced -25.1k -25,106
97 ING GROEP NV 0.08% of their portfolio AMSTERDAM, P7 249,774249.8k $8.9m $8.9m 0.08% Added +213.2k +213,186
98 Quaker Capital Investments, LLC 3.44% of their portfolio MOUNT LEBANON, PA 249,102249.1k $8.9m $8.9m 3.44% Added +100 +100
99 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 248,866248.9k $8.9m $8.9m 0.01% Reduced -68.5k -68,506
100 Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio TOKYO, M0 243,996244.0k $8.7m $8.7m 0.02% Reduced -2.0k -1,966