Alexander's
104 hedge funds and large institutions have $672M invested in Alexander's in 2014 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 33 increasing their positions, 33 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
9% more capital invested
Capital invested by funds: $615M → $672M (+$56.3M)
5% more funds holding
Funds holding: 99 → 104 (+5)
0% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 33
0.07% less ownership
Funds ownership: 36.55% → 36.48% (-0.07%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$15M |
| 2 |
REMS
Real Estate Management Services
|
+$11.9M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.18M |
| 4 |
Morgan Stanley
New York
|
+$1.56M |
| 5 |
ACI
AMP Capital Investors
Sydney,
Australia
|
+$904K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VCM
V3 Capital Management
Dallas,
Texas
|
-$30.6M |
| 2 |
GCM
Gruss Capital Management
New York
|
-$2.33M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$921K |
| 4 |
HK
Horizon Kinetics
New York
|
-$762K |
| 5 |
NFA
Nationwide Fund Advisors
Columbus,
Ohio
|
-$546K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
US Bancorp
Minneapolis,
Minnesota
| $3K | +$347 | +1 | +13% |
|
102
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $3K | +$2.43K | +7 | New |
|
103
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $607 | +$26.1K | +75 | +5% |
|
|
HK
104
Horizon Kinetics
New York
| – | -$762K | -2,308 | Closed |
|
|
NFA
105
Nationwide Fund Advisors
Columbus,
Ohio
| – | -$546K | -1,654 | Closed |
|
106
Jane Street
New York
| – | -$220K | -667 | Closed |
|
|
BFEC
107
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$2K | -5 | Closed |
|
108
Wells Fargo
San Francisco,
California
| – | +$347 | +1 | New |
|
ALX Hedge Fund Activity: Q1 2014 in Review
104 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Alexander's (ALX) for Q1 2014, worth a combined $672M — up 9.1% from $615M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new ALX positions and 5 closed out — a net gain of 6 holders — while 33 added to existing stakes and 33 trimmed.
The largest buyer was Royce & Associates, opening a new position worth an estimated $15M. The largest seller was V3 Capital Management, cutting an estimated $30.6M.
- 104 institutional investors held Alexander's (ALX) as of Q1 2014, up from 99 in Q4 2013.
- Funds reported $672M of Alexander's stock for Q1 2014, up 9.1% quarter-over-quarter.
- 11 funds opened new Alexander's positions in Q1 2014 and 5 closed out, a net change of +6 holders.
- The largest Alexander's buyer in Q1 2014 was Royce & Associates, an estimated $15M added.
- The largest Alexander's seller in Q1 2014 was V3 Capital Management, an estimated $30.6M sold.
Based on aggregated 13F filings for Q1 2014.