Vault-13

WESTROCK CO WRK

COM · Common Stock · CUSIP 96145D105 · ISIN US96145D1054

612 institutional holders +18 vs Q3 2023
229,348,311229.3m shares reported held*
$9.5bnreported value*
62 new 177 added 248 reduced 73 sold out net bought ≈ $151.1m (+4.0m 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 ($9.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $41.51. Options: 16 managers hold calls ($23.7m notional), 18 hold puts ($26.8m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 580Q4 22: 604Q1 23: 565Q2 23: 575Q3 23: 594Q4 23: 612612Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022580
Q4 2022604
Q1 2023565
Q2 2023575
Q3 2023594
Q4 2023612

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 23Q4 23: 239 bought or addedQ4 23: 321 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022289264
Q1 2023295258
Q2 2023252272
Q3 2023280281
Q4 2023239321

Calls vs puts

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

CallsPuts
$0$20m$40m$60m$80mQ1 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 0.28Q4 23 calls: $23.7mQ4 23 puts: $26.8mQ4 23P/C 1.13
Numbers
QuarterCallsPutsP/C
Q1 2023$37.7m$28.4m0.75
Q2 2023$28.8m$24.5m0.85
Q3 2023$64.7m$17.8m0.28
Q4 2023$23.7m$26.8m1.13

Biggest buyers

Davidson Kempner Capital Management LP Added +4,550,051+4.6m
JPMORGAN CHASE & CO Added +3,382,469+3.4m
MORGAN STANLEY Added +2,421,617+2.4m
Westchester Capital Management, LLC Added +2,294,371+2.3m
CITIGROUP INC Added +1,718,149+1.7m
Magnetar Financial LLC Added +1,441,471+1.4m
MILLENNIUM MANAGEMENT LLC Added +1,368,168+1.4m
KRYGER CAPITAL Ltd New +1,330,161+1.3m
Segantii Capital Management Ltd Added +1,247,561+1.2m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP New +1,108,009+1.1m

Biggest sellers

PRICE T ROWE ASSOCIATES INC /MD/ Reduced -3,840,481-3.8m
Pictet Asset Management Holding SA Reduced -3,042,273-3.0m
Atlas FRM LLC Sold out -2,100,000-2.1m
LSV ASSET MANAGEMENT Reduced -2,003,940-2.0m
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Reduced -845,308-845.3k
Invesco Ltd. Reduced -819,443-819.4k
PRUDENTIAL FINANCIAL INC Reduced -726,384-726.4k
PANAGORA ASSET MANAGEMENT INC Reduced -696,478-696.5k
Orbis Allan Gray Ltd Sold out -691,097-691.1k
NORDEA INVESTMENT MANAGEMENT AB Reduced -675,644-675.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $5.6m133.7k shares
Twin Tree Management, LP Added $4.6m109.6k shares
CITADEL ADVISORS LLC Reduced $2.5m61.1k shares
JANE STREET GROUP, LLC Reduced $2.2m52.3k shares
GTS SECURITIES LLC Added $2.1m50.7k shares
Cubist Systematic Strategies, LLC Reduced $2.0m47.6k shares
SIMPLEX TRADING, LLC Reduced $1.4m34.1k shares
Parallax Volatility Advisers, L.P. Reduced $1.2m30.0k shares
GROUP ONE TRADING LLC Reduced $817.9k19.7k shares
Walleye Trading LLC Reduced $747.4k18.0k shares

Biggest puts

Balyasny Asset Management L.P. Added $9.0m217.2k shares
SIMPLEX TRADING, LLC Added $4.6m111.6k shares
GROUP ONE TRADING LLC Added $2.8m67.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.3m55.5k shares
CITADEL ADVISORS LLC Added $2.0m49.2k shares
Cubist Systematic Strategies, LLC Reduced $1.9m45.3k shares
JANE STREET GROUP, LLC Reduced $855.3k20.6k shares
Walleye Trading LLC Reduced $734.9k17.7k shares
GTS SECURITIES LLC Added $697.5k16.8k shares
Centiva Capital, LP Reduced $622.8k15.0k 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.03% of their portfolio Valley Forge, PA 31,052,29631.1m $1.3bn $1.3bn 0.03% Reduced -96.0k -96,036
2 BlackRock Inc. 0.03% of their portfolio New York, NY 25,049,70725.0m $1.0bn $1.0bn 0.03% Reduced -658.5k -658,458
3 GREENHAVEN ASSOCIATES INC 5.94% of their portfolio Purchase, NY 13,410,62113.4m $556.8m $556.8m 5.94% Reduced -109.1k -109,149
4 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 11,474,13111.5m $476.4m $476.4m 0.02% Reduced -111.5k -111,466
5 PRICE T ROWE ASSOCIATES INC /MD/ 0.04% of their portfolio BALTIMORE, MD 6,612,9136.6m $274.6m $274.6m 0.04% Reduced -3.8m -3,840,481
6 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 6,336,5836.3m $263.1m $263.1m 0.01% Added +3.4m +3,382,469
7 GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio BOSTON, MA 5,855,2825.9m $242.5m $242.5m 0.03% Added +131.4k +131,391
8 Davidson Kempner Capital Management LP 4.18% of their portfolio New York, NY 5,705,2945.7m $236.9m $236.9m 4.18% Added +4.6m +4,550,051
9 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,163,4645.2m $214.4m $214.4m 0.01% Added +2.4m +2,421,617
10 NORGES BANK 0.03% of their portfolio OSLO, Q8 4,770,2964.8m $198.1m $198.1m 0.03% Reduced -229.6k -229,623
11 NORDEA INVESTMENT MANAGEMENT AB 0.23% of their portfolio STOCKHOLM, V7 4,330,8694.3m $180.9m $180.9m 0.23% Reduced -675.6k -675,644
12 Invesco Ltd. 0.04% of their portfolio ATLANTA, GA 4,310,6554.3m $179.0m $179.0m 0.04% Reduced -819.4k -819,443
13 Pictet Asset Management Holding SA 0.16% of their portfolio CAROUGE, V8 3,441,5183.4m $142.9m $142.9m 0.16% Reduced -3.0m -3,042,273
14 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio Boston, MA 3,116,9293.1m $129.4m $129.4m 0.04% Reduced -845.3k -845,308
15 Westchester Capital Management, LLC 5.12% of their portfolio VALHALLA, NY 3,065,1293.1m $127.3m $127.3m 5.12% Added +2.3m +2,294,371
16 Segantii Capital Management Ltd 7.30% of their portfolio HONG KONG, K3 2,907,5612.9m $120.7m $120.7m 7.30% Added +1.2m +1,247,561
17 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 2,632,5882.6m $109.3m $109.3m 0.03% Added +80.1k +80,098
18 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 2,598,3192.6m $107.9m $107.9m 0.03% Reduced -569.9k -569,884
19 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 2,531,2742.5m $105.1m $105.1m 0.02% Reduced -165.6k -165,624
20 MILLENNIUM MANAGEMENT LLC 0.10% of their portfolio NEW YORK, NY 2,484,8652.5m $103.2m $103.2m 0.10% Added +1.4m +1,368,168
21 Pentwater Capital Management LP 1.91% of their portfolio Naples, FL 2,455,0002.5m $101.9m $101.9m 1.91% Added +740.5k +740,529
22 CITIGROUP INC 0.13% of their portfolio NEW YORK, NY 2,418,8512.4m $100.4m $100.4m 0.13% Added +1.7m +1,718,149
23 FMR LLC 0.01% of their portfolio BOSTON, MA 2,334,3782.3m $96.9m $96.9m 0.01% Added +160.5k +160,455
24 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 2,303,0642.3m $95.6m $95.6m 0.02% Reduced -378.7k -378,734
25 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 2,257,2932.3m $93.7m $93.7m 0.02% Reduced -91.4k -91,430
26 Magnetar Financial LLC 2.24% of their portfolio EVANSTON, IL 2,116,5582.1m $87.9m $87.9m 2.24% Added +1.4m +1,441,471
27 HBK INVESTMENTS L P 2.08% of their portfolio DALLAS, TX 2,101,5092.1m $87.3m $87.3m 2.08% Not comparable
28 Balyasny Asset Management L.P. 0.23% of their portfolio Chicago, IL 1,973,4812.0m $81.9m $81.9m 0.23% Added +84.2k +84,237
29 LSV ASSET MANAGEMENT 0.18% of their portfolio CHICAGO, IL 1,972,0662.0m $81.9m $81.9m 0.18% Reduced -2.0m -2,003,940
30 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio NEW YORK, NY 1,949,7071.9m $81.0m $81.0m 0.03% Added +969.8k +969,799
31 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 1,584,0491.6m $65.8m $65.8m 0.03% Added +324.3k +324,329
32 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,583,8781.6m $65.8m $65.8m 0.03% Added +655.5k +655,510
33 DEUTSCHE BANK AG\ 0.03% of their portfolio FRANKFURT AM MAIN, 2M 1,581,3751.6m $65.7m $65.7m 0.03% Reduced -243.8k -243,814
34 Capital Research Global Investors 0.01% of their portfolio Los Angeles, CA 1,447,1261.4m $60.1m $60.1m 0.01% Added +1.4k +1,372
35 Legal & General Group Plc 0.02% of their portfolio London, X0 1,350,8261.4m $56.1m $56.1m 0.02% Reduced -35.0k -34,996
36 KRYGER CAPITAL Ltd 8.79% of their portfolio LONDON, X0 1,330,1611.3m $55.2m $55.2m 8.79% New
37 Amundi 0.02% of their portfolio Paris, I0 1,219,3571.2m $51.4m $51.4m 0.02% Reduced -219.2k -219,150
38 APG Asset Management N.V. 0.08% of their portfolio Amsterdam, P7 1,109,3651.1m $41.7m $41.7m 0.08% Reduced -472.8k -472,819
39 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio BOSTON, MA 1,108,0091.1m $46.0m $46.0m 0.05% New
40 CREDIT SUISSE AG/ 0.04% of their portfolio ZURICH, V8 1,060,5051.1m $44.0m $44.0m 0.04% Added +2.9k +2,903
41 LAKEWOOD CAPITAL MANAGEMENT, LP 3.77% of their portfolio New York, NY 997,512997.5k $41.4m $41.4m 3.77% Reduced -50.0k -50,000
42 Taconic Capital Advisors LP 3.80% of their portfolio NEW YORK, NY 950,000950.0k $39.4m $39.4m 3.80% Reduced -110.0k -110,000
43 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 948,772948.8k $39.4m $39.4m 0.00% Added +459.8k +459,780
44 Hudson Bay Capital Management LP 0.33% of their portfolio STAMFORD, CT 913,329913.3k $37.9m $37.9m 0.33% Reduced -86.7k -86,671
45 Man Group plc 0.11% of their portfolio LONDON, X0 889,148889.1k $36.9m $36.9m 0.11% New
46 Assenagon Asset Management S.A. 0.11% of their portfolio SENNINGERBERG, N4 885,060885.1k $36.7m $36.7m 0.11% Reduced -405.6k -405,648
47 Zurich Insurance Group Ltd/FI 0.36% of their portfolio ZURICH, V8 853,052853.1k $35.4m $35.4m 0.36% Reduced -121.1k -121,116
48 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 838,393838.4k $34.8m $34.8m 0.02% Added +177.1k +177,082
49 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 822,219822.2k $34.1m $34.1m 0.01% Added +393.6k +393,594
50 Swiss National Bank 0.02% of their portfolio ZURICH, V8 801,786801.8k $33.3m $33.3m 0.02% Reduced -22.1k -22,100
51 Retirement Systems of Alabama 0.14% of their portfolio MONTGOMERY, AL 798,610798.6k $33.2m $33.2m 0.14% Reduced -1.4k -1,438
52 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 796,283796.3k $33.1m $33.1m 0.01% Added +77.5k +77,530
53 D. E. Shaw & Co., Inc. 0.05% of their portfolio New York, NY 775,976776.0k $32.2m $32.2m 0.05% Added +760.1k +760,074
54 KGH Ltd 1.81% of their portfolio NASSAU, C5 759,000759.0k $31.5m $31.5m 1.81% Unchanged
55 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 704,741704.7k $29.3m $29.3m 0.03% Added +89.0k +88,989
56 PATTEN & PATTEN INC/TN 2.40% of their portfolio CHATTANOOGA, TN 704,321704.3k $29.2m $29.2m 2.40% Reduced -9.3k -9,261
57 PRIVATE MANAGEMENT GROUP INC 1.09% of their portfolio IRVINE, CA 683,462683.5k $28.4m $28.4m 1.09% Reduced -362.1k -362,079
58 Grantham, Mayo, Van Otterloo & Co. LLC 0.12% of their portfolio Boston, MA 633,019633.0k $26.3m $26.3m 0.12% Added +395.6k +395,595
59 PICTON MAHONEY ASSET MANAGEMENT 1.20% of their portfolio Toronto, A6 625,000625.0k $25.9m $25.9m 1.20% Added +545.0k +545,000
60 SALEM INVESTMENT COUNSELORS INC 0.85% of their portfolio WINSTON-SALEM, NC 600,682600.7k $24.9m $24.9m 0.85% Added +165.1k +165,120
61 Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio CHIYODA-KU, TOKYO, M0 597,090597.1k $24.8m $24.8m 0.02% Reduced -13.2k -13,209
62 New York Life Investment Management LLC 0.23% of their portfolio New York, NY 550,859550.9k $22.9m $22.9m 0.23% Added +487.8k +487,754
63 Carlson Capital, L.P. 1.81% of their portfolio DALLAS, TX 545,700545.7k $22.7m $22.7m 1.81% Reduced -29.3k -29,300
64 ING GROEP NV 0.18% of their portfolio AMSTERDAM, P7 545,102545.1k $22.6m $22.6m 0.18% Added +295.3k +295,328
65 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 529,733529.7k $22.0m $22.0m 0.04% Added +316.5k +316,488
66 CAXTON ASSOCIATES LP 1.07% of their portfolio NEW YORK, NY 500,000500.0k $20.8m $20.8m 1.07% New
67 Savant Capital, LLC 0.27% of their portfolio ROCKFORD, IL 496,847496.8k $20.6m $20.6m 0.27% Added +1.1k +1,084
68 California Public Employees Retirement System 0.02% of their portfolio Sacramento, CA 496,807496.8k $20.6m $20.6m 0.02% Reduced -12.2k -12,209
69 RHUMBLINE ADVISERS 0.02% of their portfolio BOSTON, MA 485,017485.0k $20.1m $20.1m 0.02% Added +4.7k +4,729
70 LMR Partners LLP 0.50% of their portfolio LONDON, X0 478,831478.8k $19.9m $19.9m 0.50% Added +256.5k +256,505
71 AQR Arbitrage LLC 0.79% of their portfolio Greenwich, CT 473,873473.9k $19.7m $19.7m 0.79% Added +308.0k +307,971
72 WESTWOOD HOLDINGS GROUP INC 0.16% of their portfolio DALLAS, TX 467,982468.0k $19.4m $19.4m 0.16% Reduced -200.8k -200,842
73 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio FRANKFURT AM MAIN, 2M 465,494465.5k $19.3m $19.3m 0.03% Added +168.5k +168,505
74 PARADIGM CAPITAL MANAGEMENT INC/NY 0.97% of their portfolio ALBANY, NY 447,823447.8k $18.6m $18.6m 0.97% Unchanged
75 NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio MONTREAL, A8 446,835446.8k $18.7m $18.7m 0.03% Reduced -210.8k -210,846
76 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.06% of their portfolio TORONTO, A6 398,000398.0k $16.5m $16.5m 0.06% Added +77.4k +77,400
77 Impax Asset Management Group plc 0.06% of their portfolio LONDON, X0 377,081377.1k $15.7m $15.7m 0.06% Reduced -98.0k -98,041
78 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio WEST SACRAMENTO, CA 362,999363.0k $15.1m $15.1m 0.02% Reduced -11.4k -11,417
79 Boussard & Gavaudan Investment Management LLP 2.84% of their portfolio London, X0 350,186350.2k $14.6m $14.6m 2.84% Reduced -217.7k -217,706
80 HRT FINANCIAL LP 0.11% of their portfolio NEW YORK, NY 347,974348.0k $14.4m $14.4m 0.11% Added +12.5k +12,470
81 Access Investment Management LLC 5.19% of their portfolio ATLANTA, GA 335,120335.1k $13.9m $13.9m 5.19% First filing
82 Verition Fund Management LLC 0.14% of their portfolio GREENWICH, CT 332,965333.0k $13.8m $13.8m 0.14% Reduced -59.0k -59,031
83 MACQUARIE GROUP LTD 0.02% of their portfolio Sydney, NSW 2000, C3 315,592315.6k $13.1m $13.1m 0.02% Reduced -49.4k -49,428
84 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio TALLAHASSEE, FL 310,403310.4k $12.9m $12.9m 0.03% Added +67 +67
85 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 300,048300.0k $12.5m $12.5m 0.01% Reduced -1.5k -1,515
86 HEARTLAND ADVISORS INC 0.65% of their portfolio MILWAUKEE, WI 300,000300.0k $12.5m $12.5m 0.65% Reduced -7.5k -7,500
87 Silphium Asset Management Ltd 6.63% of their portfolio London, X0 300,000300.0k $12.5m $12.5m 6.63% Added +99.0k +99,018
88 Redwood Grove Capital, LLC 4.46% of their portfolio New York, NY 290,950290.9k $12.1m $12.1m 4.46% Reduced -204.0k -204,048
89 NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio ALBANY, NY 272,555272.6k $11.3m $11.3m 0.02% Reduced -178.3k -178,264
90 Arnhold LLC 1.26% of their portfolio New York, NY 270,685270.7k $11.2m $11.2m 1.26% Reduced -427 -427
91 GABELLI FUNDS LLC 0.08% of their portfolio Rye, NY 263,520263.5k $10.9m $10.9m 0.08% Added +213.7k +213,736
92 GABELLI & Co INVESTMENT ADVISERS, INC. 1.97% of their portfolio Rye, NY 253,245253.2k $10.5m $10.5m 1.97% Added +206.6k +206,565
93 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio Boston, MA 250,938250.9k $10.4m $10.4m 0.02% Reduced -5.7k -5,700
94 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 248,365248.4k $10.6m $10.6m 0.00% Reduced -155.0k -154,969
95 BANK OF NOVA SCOTIA 0.02% of their portfolio TORONTO, A6 247,336247.3k $10.3m $10.3m 0.02% Reduced -202.6k -202,616
96 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio ALBANY, NY 246,008246.0k $10.2m $10.2m 0.02% Reduced -7.6k -7,606
97 Eisler Capital (UK) Ltd. 0.91% of their portfolio LONDON, X0 239,920239.9k $10.0m $10.0m 0.91% New
98 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 237,131237.1k $9.8m $9.8m 0.01% Added +48.2k +48,196
99 Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio TOKYO, M0 231,320231.3k $9.6m $9.6m 0.02% Reduced -12.7k -12,676
100 M&G INVESTMENT MANAGEMENT LTD 0.06% of their portfolio London, X0 224,740224.7k $9.4m $9.4m 0.06% Reduced -16.1k -16,119