Teck Resources Ord Shs Class A T.TECK.A

Alternate Symbol(s): T.TECK.B | TCKRF | TECK

Metals & Mining Industrial Metals & Minerals

Teck Resources Limited is a Canadian resource company. The Company operates a portfolio of copper and zinc operations across North and South America. The Company’s operations and projects include Antamina, Cardinal River, Galore Creek Project, Carmen de Andacollo, Highland Valley Copper, Trail Operations, Quebrada Blanca, Carmen de Andacollo, HVC Mine Life Extension Project, Galore Creek Project, NorthMet Project, Mesaba Project, NuevaUnion Project, Red Dog, Sullivan Mine and Trail Operations. The Antamina mine is a copper and zinc mine, located in the Andes Mountain range, 270 kilometers north of Lima, Peru. The deposit is located at an average elevation of 4,200 meters. Its Carmen de Andacollo is located in the Coquimbo Region of central Chile at an elevation of 1,000 meters, approximately 350 kilometers north of Santiago. Its Galore Creek is located within the territory of the Tahltan in northwestern British Columbia, approximately 150 kilometers northwest of Stewart.

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Teck Resources Ord Shs Class A

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Post by ozrameshon Nov 25, 2016 11:34pm

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Post# 25516331

Teck Resources Ltd (USA) (TCK): Hedge Funds Are Snapping Up

Wow......Hedge Funds piling up TCK shares!!!

https://www.insidermonkey.com/blog/teck-resources-ltd-usa-tck-hedge-funds-are-snapping-up-491824/

Now, let’s take a gander at the recent action encompassing Teck Resources Ltd (USA) (NYSE:TCK).

What does the smart money think about Teck Resources Ltd (USA) (NYSE:TCK)?

Heading into the fourth quarter of 2016, a total of 33 of the hedge funds tracked by Insider Monkey held long positions in this stock, a jump of 22% from one quarter earlier. With hedgies’ sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were upping their holdings significantly (or already accumulated large positions).

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, holds the number one position in Teck Resources Ltd (USA) (NYSE:TCK). According to regulatory filings, the fund has a $273.6 million position in the stock, comprising 0.9% of its 13F portfolio. The second largest stake is held by Impala Asset Management, led by Robert Bishop, holding a $222.4 million position; the fund has 14.7% of its 13F portfolio invested in the stock. Remaining peers that are bullish encompass Jonathan Barrett and Paul Segal’s Luminus Management, Robert B. Gillam’s McKinley Capital Management and Christopher A. Winham’s Tide Point Capital.

Now, key hedge funds were leading the bulls’ herd. Tide Point Capital, managed by Christopher A. Winham, initiated the largest position in Teck Resources Ltd (USA) (NYSE:TCK). The fund had $30.7 million invested in the company at the end of the quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP also initiated a $16.3 million position during the quarter. The other funds with new positions in the stock are Ken Griffin’s Citadel Investment Group, Doug Gordon, Jon Hilsabeck and Don Jabro’s Shellback Capital, and Alexander Mitchell’s Scopus Asset Management.