Vault-13

WESTROCK CO WRK

COM · Common Stock · CUSIP 96145D105 · ISIN US96145D1054

588 institutional holders -24 vs Q4 2023
242,648,871242.6m shares reported held*
$12.0bnreported value*
51 new 185 added 232 reduced 72 sold out net bought ≈ $649.9m (+13.2m 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 ($9.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.38. Options: 10 managers hold calls ($27.2m notional), 11 hold puts ($14.3m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 580Q4 22: 604Q1 23: 565Q2 23: 575Q3 23: 594Q4 23: 612Q1 24: 588588Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022580
Q4 2022604
Q1 2023565
Q2 2023575
Q3 2023594
Q4 2023612
Q1 2024588

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 23Q1 24: 236 bought or addedQ1 24: 304 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022289264
Q1 2023295258
Q2 2023252272
Q3 2023280281
Q4 2023239321
Q1 2024236304

Calls vs puts

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

CallsPuts
$0$20m$40m$60m$80mQ2 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 1.13Q1 24 calls: $27.2mQ1 24 puts: $14.3mQ1 24P/C 0.53
Numbers
QuarterCallsPutsP/C
Q2 2023$28.8m$24.5m0.85
Q3 2023$64.7m$17.8m0.28
Q4 2023$23.7m$26.8m1.13
Q1 2024$27.2m$14.3m0.53

Biggest buyers

MORGAN STANLEY Added +5,008,534+5.0m
JPMORGAN CHASE & CO Added +4,165,120+4.2m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +2,324,377+2.3m
Davidson Kempner Capital Management LP Added +2,186,971+2.2m
HBK INVESTMENTS L P Added +2,107,591+2.1m
PSquared Asset Management AG New +2,106,185+2.1m
NORGES BANK Added +1,886,341+1.9m
D. E. Shaw & Co., Inc. Added +1,340,493+1.3m
CITIGROUP INC Added +1,221,921+1.2m
UBS Group AG Added +1,138,209+1.1m

Biggest sellers

PRICE T ROWE ASSOCIATES INC /MD/ Reduced -4,708,539-4.7m
BlackRock Inc. Reduced -2,890,003-2.9m
Pictet Asset Management Holding SA Reduced -1,946,531-1.9m
LSV ASSET MANAGEMENT Reduced -1,924,166-1.9m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -958,128-958.1k
Assenagon Asset Management S.A. Reduced -877,171-877.2k
GREENHAVEN ASSOCIATES INC Reduced -766,210-766.2k
CREDIT SUISSE AG/ Reduced -668,436-668.4k
Segantii Capital Management Ltd Reduced -532,561-532.6k
CAXTON ASSOCIATES LP Sold out -500,000-500.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $12.7m256.3k shares
Twin Tree Management, LP Reduced $5.3m108.0k shares
GROUP ONE TRADING LLC Added $4.2m84.2k shares
CITADEL ADVISORS LLC Reduced $2.7m54.7k shares
SIMPLEX TRADING, LLC Reduced $1.5m29.6k shares
WOLVERINE TRADING, LLC Added $766.5k15.5k shares
Walleye Trading LLC Reduced $24.7k500 shares
CAPSTONE INVESTMENT ADVISORS, LLC Unchanged $14.8k300 shares
Cutler Group LLC / CA Reduced $1.0k200 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

Twin Tree Management, LP Added $9.4m190.4k shares
CITADEL ADVISORS LLC Reduced $1.3m27.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.0m20.7k shares
Balyasny Asset Management L.P. Reduced $954.4k19.3k shares
Walleye Trading LLC Reduced $420.3k8.5k shares
CAPSTONE INVESTMENT ADVISORS, LLC Added $341.2k6.9k shares
SIMPLEX TRADING, LLC Reduced $267.0k5.4k shares
Cubist Systematic Strategies, LLC Reduced $257.1k5.2k shares
WOLVERINE TRADING, LLC Reduced $232.4k4.7k shares
GROUP ONE TRADING LLC Reduced $24.7k500 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.03% of their portfolio Valley Forge, PA 31,155,96331.2m $1.5bn $1.5bn 0.03% Added +103.7k +103,667
2 BlackRock Inc. 0.03% of their portfolio New York, NY 22,159,70422.2m $1.1bn $1.1bn 0.03% Reduced -2.9m -2,890,003
3 GREENHAVEN ASSOCIATES INC 5.76% of their portfolio Purchase, NY 12,644,41112.6m $625.3m $625.3m 5.76% Reduced -766.2k -766,210
4 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 11,220,36811.2m $554.8m $554.8m 0.02% Reduced -253.8k -253,763
5 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 10,501,70310.5m $519.3m $519.3m 0.02% Added +4.2m +4,165,120
6 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 10,171,99810.2m $503.0m $503.0m 0.01% Added +5.0m +5,008,534
7 Davidson Kempner Capital Management LP 5.79% of their portfolio New York, NY 7,892,2657.9m $390.3m $390.3m 5.79% Added +2.2m +2,186,971
8 NORGES BANK 0.05% of their portfolio OSLO, Q8 6,656,6376.7m $329.2m $329.2m 0.05% Added +1.9m +1,886,341
9 GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio BOSTON, MA 6,107,4346.1m $301.3m $301.3m 0.03% Added +252.2k +252,152
10 NORDEA INVESTMENT MANAGEMENT AB 0.31% of their portfolio STOCKHOLM, V7 5,301,0685.3m $260.2m $260.2m 0.31% Added +970.2k +970,199
11 Invesco Ltd. 0.05% of their portfolio ATLANTA, GA 4,900,6514.9m $242.3m $242.3m 0.05% Added +590.0k +589,996
12 HBK INVESTMENTS L P 5.22% of their portfolio DALLAS, TX 4,209,1004.2m $208.1m $208.1m 5.22% Added +2.1m +2,107,591
13 CITIGROUP INC 0.19% of their portfolio NEW YORK, NY 3,640,7723.6m $180.0m $180.0m 0.19% Added +1.2m +1,221,921
14 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.16% of their portfolio BOSTON, MA 3,432,3863.4m $169.7m $169.7m 0.16% Added +2.3m +2,324,377
15 MILLENNIUM MANAGEMENT LLC 0.13% of their portfolio NEW YORK, NY 3,154,1863.2m $156.0m $156.0m 0.13% Added +669.3k +669,321
16 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio Boston, MA 3,095,8173.1m $153.1m $153.1m 0.05% Reduced -21.1k -21,112
17 Westchester Capital Management, LLC 6.21% of their portfolio VALHALLA, NY 2,965,3563.0m $146.6m $146.6m 6.21% Reduced -99.8k -99,773
18 FMR LLC 0.01% of their portfolio BOSTON, MA 2,783,6862.8m $137.7m $137.7m 0.01% Added +449.3k +449,308
19 Balyasny Asset Management L.P. 0.35% of their portfolio Chicago, IL 2,731,6802.7m $135.1m $135.1m 0.35% Added +758.2k +758,199
20 UBS Group AG 0.04% of their portfolio ZURICH, V8 2,722,0872.7m $134.6m $134.6m 0.04% Added +1.1m +1,138,209
21 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 2,665,1762.7m $131.8m $131.8m 0.03% Added +32.6k +32,588
22 Pentwater Capital Management LP 1.99% of their portfolio Naples, FL 2,455,0002.5m $121.4m $121.4m 1.99% Unchanged
23 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 2,409,3292.4m $119.1m $119.1m 0.03% Reduced -189.0k -188,990
24 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 2,403,7342.4m $118.9m $118.9m 0.02% Reduced -127.5k -127,540
25 Segantii Capital Management Ltd 11.49% of their portfolio HONG KONG, K3 2,375,0002.4m $117.4m $117.4m 11.49% Reduced -532.6k -532,561
26 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 2,232,4962.2m $110.4m $110.4m 0.02% Reduced -70.6k -70,568
27 D. E. Shaw & Co., Inc. 0.13% of their portfolio New York, NY 2,116,4692.1m $104.7m $104.7m 0.13% Added +1.3m +1,340,493
28 PSquared Asset Management AG 16.17% of their portfolio ZURICH, V8 2,106,1852.1m $103.5m $103.5m 16.17% New
29 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 2,076,2732.1m $102.7m $102.7m 0.02% Reduced -181.0k -181,020
30 DEUTSCHE BANK AG\ 0.05% of their portfolio FRANKFURT AM MAIN, 2M 2,047,0792.0m $101.2m $101.2m 0.05% Added +465.7k +465,704
31 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,913,1661.9m $94.6m $94.6m 0.01% Added +964.4k +964,394
32 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 1,904,3741.9m $94.2m $94.2m 0.01% Reduced -4.7m -4,708,539
33 Magnetar Financial LLC 2.01% of their portfolio EVANSTON, IL 1,817,0281.8m $89.9m $89.9m 2.01% Reduced -299.5k -299,530
34 Legal & General Group Plc 0.02% of their portfolio London, X0 1,579,6351.6m $78.1m $78.1m 0.02% Added +228.8k +228,809
35 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 1,509,9431.5m $74.7m $74.7m 0.03% Reduced -74.1k -74,106
36 Pictet Asset Management Holding SA 0.08% of their portfolio CAROUGE, V8 1,494,9871.5m $73.9m $73.9m 0.08% Reduced -1.9m -1,946,531
37 Capital Research Global Investors 0.02% of their portfolio Los Angeles, CA 1,447,1261.4m $71.6m $71.6m 0.02% Unchanged
38 KRYGER CAPITAL Ltd 12.90% of their portfolio LONDON, X0 1,398,2801.4m $69.1m $69.1m 12.90% Added +68.1k +68,119
39 Nuveen Asset Management, LLC 0.02% of their portfolio CHICAGO, IL 1,199,0851.2m $59.3m $59.3m 0.02% Added +402.8k +402,802
40 Zurich Insurance Group Ltd/FI 0.53% of their portfolio ZURICH, V8 1,178,8681.2m $58.3m $58.3m 0.53% Added +325.8k +325,816
41 Amundi 0.02% of their portfolio Paris, I0 1,112,8001.1m $52.9m $52.9m 0.02% Reduced -106.6k -106,557
42 APG Asset Management N.V. 0.08% of their portfolio Amsterdam, P7 1,002,6271.0m $45.9m $45.9m 0.08% Reduced -106.7k -106,738
43 Hudson Bay Capital Management LP 0.43% of their portfolio STAMFORD, CT 1,000,0001.0m $49.5m $49.5m 0.43% Added +86.7k +86,671
44 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 991,579991.6k $49.0m $49.0m 0.02% Reduced -958.1k -958,128
45 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 991,357991.4k $49.0m $49.0m 0.03% Added +286.6k +286,616
46 Man Group plc 0.13% of their portfolio LONDON, X0 980,631980.6k $48.5m $48.5m 0.13% Added +91.5k +91,483
47 Taconic Capital Advisors LP 6.02% of their portfolio NEW YORK, NY 950,000950.0k $47.0m $47.0m 6.02% Unchanged
48 LAKEWOOD CAPITAL MANAGEMENT, LP 4.10% of their portfolio New York, NY 947,512947.5k $46.9m $46.9m 4.10% Reduced -50.0k -50,000
49 SOROS FUND MANAGEMENT LLC 1.03% of their portfolio NEW YORK, NY 900,001900.0k $44.5m $44.5m 1.03% New
50 Carlson Capital, L.P. 3.33% of their portfolio DALLAS, TX 828,472828.5k $41.0m $41.0m 3.33% Added +282.8k +282,772
51 Retirement Systems of Alabama 0.15% of their portfolio MONTGOMERY, AL 798,816798.8k $39.5m $39.5m 0.15% Added +206 +206
52 PATTEN & PATTEN INC/TN 2.79% of their portfolio CHATTANOOGA, TN 791,411791.4k $39.1m $39.1m 2.79% Added +87.1k +87,090
53 Swiss National Bank 0.03% of their portfolio ZURICH, V8 768,186768.2k $38.0m $38.0m 0.03% Reduced -33.6k -33,600
54 PICTON MAHONEY ASSET MANAGEMENT 1.53% of their portfolio Toronto, A6 735,700735.7k $36.4m $36.4m 1.53% Added +110.7k +110,700
55 AQR Arbitrage LLC 1.25% of their portfolio Greenwich, CT 731,511731.5k $35.7m $35.7m 1.25% Added +257.6k +257,638
56 ING GROEP NV 0.23% of their portfolio AMSTERDAM, P7 681,712681.7k $33.7m $33.7m 0.23% Added +136.6k +136,610
57 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 678,750678.8k $33.6m $33.6m 0.02% Reduced -159.6k -159,643
58 MARSHALL WACE, LLP 0.05% of their portfolio LONDON, X0 642,768642.8k $31.8m $31.8m 0.05% Added +113.0k +113,035
59 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.04% of their portfolio FRANKFURT AM MAIN, 2M 641,381641.4k $31.7m $31.7m 0.04% Added +175.9k +175,887
60 KGH Ltd 1.83% of their portfolio NASSAU, C5 625,000625.0k $30.9m $30.9m 1.83% Reduced -134.0k -134,000
61 CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio TORONTO ONTARIO, A6 621,000621.0k $30.7m $30.7m 0.03% Added +464.5k +464,534
62 SALEM INVESTMENT COUNSELORS INC 0.98% of their portfolio WINSTON-SALEM, NC 600,682600.7k $29.7m $29.7m 0.98% Unchanged
63 Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio CHIYODA-KU, TOKYO, M0 589,854589.9k $29.2m $29.2m 0.02% Reduced -7.2k -7,236
64 LMR Partners LLP 0.74% of their portfolio LONDON, X0 587,225587.2k $29.0m $29.0m 0.74% Added +108.4k +108,394
65 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 520,231520.2k $25.7m $25.7m 0.01% Added +271.9k +271,866
66 NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio MONTREAL, A8 499,828499.8k $25.8m $25.8m 0.04% Added +53.0k +52,993
67 HRT FINANCIAL LP 0.15% of their portfolio NEW YORK, NY 498,734498.7k $24.7m $24.7m 0.15% Added +150.8k +150,760
68 California Public Employees Retirement System 0.02% of their portfolio Sacramento, CA 497,912497.9k $24.6m $24.6m 0.02% Added +1.1k +1,105
69 Savant Capital, LLC 0.28% of their portfolio ROCKFORD, IL 497,607497.6k $24.6m $24.6m 0.28% Added +760 +760
70 NATIXIS 0.14% of their portfolio PARIS, I0 496,580496.6k $24.6m $24.6m 0.14% Added +319.2k +319,230
71 RHUMBLINE ADVISERS 0.02% of their portfolio BOSTON, MA 476,876476.9k $23.6m $23.6m 0.02% Reduced -8.1k -8,141
72 New York Life Investment Management LLC 0.23% of their portfolio New York, NY 460,118460.1k $22.8m $22.8m 0.23% Reduced -90.7k -90,741
73 Boussard & Gavaudan Investment Management LLP 2.88% of their portfolio London, X0 407,243407.2k $20.0m $20.0m 2.88% Added +57.1k +57,057
74 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 405,013405.0k $20.0m $20.0m 0.00% Reduced -417.2k -417,206
75 CREDIT SUISSE AG/ 0.02% of their portfolio ZURICH, V8 392,069392.1k $19.4m $19.4m 0.02% Reduced -668.4k -668,436
76 PARADIGM CAPITAL MANAGEMENT INC/NY 0.90% of their portfolio ALBANY, NY 378,880378.9k $18.7m $18.7m 0.90% Reduced -68.9k -68,943
77 Impax Asset Management Group plc 0.07% of their portfolio LONDON, X0 377,081377.1k $18.6m $18.6m 0.07% Unchanged
78 Eisler Capital (UK) Ltd. 2.25% of their portfolio LONDON, X0 367,010367.0k $18.1m $18.1m 2.25% Added +127.1k +127,090
79 BANK OF NOVA SCOTIA 0.04% of their portfolio TORONTO, A6 360,062360.1k $17.8m $17.8m 0.04% Added +112.7k +112,726
80 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio WEST SACRAMENTO, CA 350,088350.1k $17.3m $17.3m 0.02% Reduced -12.9k -12,911
81 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio TALLAHASSEE, FL 346,284346.3k $10.6m $10.6m 0.02% Added +35.9k +35,881
82 Grantham, Mayo, Van Otterloo & Co. LLC 0.06% of their portfolio Boston, MA 340,683340.7k $16.8m $16.8m 0.06% Reduced -292.3k -292,336
83 Access Investment Management LLC 5.47% of their portfolio ATLANTA, GA 335,220335.2k $16.6m $16.6m 5.47% Added +100 +100
84 GABELLI FUNDS LLC 0.12% of their portfolio Rye, NY 331,210331.2k $16.4m $16.4m 0.12% Added +67.7k +67,690
85 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 329,281329.3k $16.3m $16.3m 0.01% Added +92.2k +92,150
86 GABELLI & Co INVESTMENT ADVISERS, INC. 2.79% of their portfolio Rye, NY 324,413324.4k $16.0m $16.0m 2.79% Added +71.2k +71,168
87 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 323,141323.1k $16.0m $16.0m 0.01% Added +23.1k +23,093
88 PRIVATE MANAGEMENT GROUP INC 0.60% of their portfolio IRVINE, CA 319,748319.7k $15.8m $15.8m 0.60% Reduced -363.7k -363,714
89 MACQUARIE GROUP LTD 0.02% of their portfolio Sydney, NSW 2000, C3 310,952311.0k $15.4m $15.4m 0.02% Reduced -4.6k -4,640
90 Redwood Grove Capital, LLC 4.64% of their portfolio New York, NY 300,950300.9k $14.9m $14.9m 4.64% Added +10.0k +10,000
91 Silphium Asset Management Ltd 7.68% of their portfolio London, X0 300,000300.0k $14.8m $14.8m 7.68% Unchanged
92 Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio TOKYO, M0 298,762298.8k $14.8m $14.8m 0.02% Added +67.4k +67,442
93 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 284,005284.0k $14.0m $14.0m 0.03% Added +91.0k +91,022
94 Orbis Allan Gray Ltd 0.08% of their portfolio HamiltoN, D0 283,127283.1k $14.0m $14.0m 0.08% New
95 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 259,673259.7k $12.8m $12.8m 0.02% Added +83.5k +83,535
96 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio Boston, MA 252,089252.1k $12.5m $12.5m 0.02% Added +1.2k +1,151
97 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio ALBANY, NY 234,856234.9k $11.6m $11.6m 0.02% Reduced -11.2k -11,152
98 Alberta Investment Management Corp 0.12% of their portfolio EDMONTON, A0 234,490234.5k $11.6m $11.6m 0.12% New
99 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.12% of their portfolio Stamford, CT 210,192210.2k $10.4m $10.4m 0.12% Added +7.2k +7,189
100 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 209,067209.1k $10.3m $10.3m 0.00% Reduced -1.2k -1,169