AvalonBay Communities
AVB
549 hedge funds and large institutions have $26.5B invested in AvalonBay Communities in 2019 Q2 according to their latest regulatory filings, with 47 funds opening new positions, 230 increasing their positions, 171 reducing their positions, and 50 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 230 | Existing positions reduced: 171
2% more capital invested
Capital invested by funds: $26B → $26.5B (+$521M)
0.38% more ownership
Funds ownership: 93.34% → 93.72% (+0.38%)
6% less first-time investments, than exits
New positions opened: 47 | Existing positions closed: 50
2% less funds holding
Funds holding: 558 → 549 (-9)
4% less funds holding in top 10
Funds holding in top 10: 23 → 22 (-1)
11% less call options, than puts
Call options by funds: $62.4M | Put options by funds: $70.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parnassus Investments
San Francisco,
California
|
+$281M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$264M |
| 3 |
State Street
Boston,
Massachusetts
|
+$114M |
| 4 |
Canada Life
Winnipeg,
Manitoba, Canada
|
+$67.2M |
| 5 |
California Public Employees Retirement System
Sacramento,
California
|
+$44.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$143M |
| 2 |
Renaissance Technologies
New York
|
-$102M |
| 3 |
CIMLRA
CBRE Investment Management Listed Real Assets
Radnor,
Pennsylvania
|
-$66.1M |
| 4 |
Millennium Management
New York
|
-$56.5M |
| 5 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$54.4M |
AVB Hedge Fund Activity: Q2 2019 in Review
549 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in AvalonBay Communities (AVB) for Q2 2019, worth a combined $26.5B — up 2% from $26B a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of AVB and 47 opened new positions — a net loss of 3 holders — while 171 trimmed existing stakes and 230 added.
The largest buyer was Parnassus Investments, opening a new position worth an estimated $281M. The largest seller was JP Morgan Chase, cutting an estimated $143M.
- 549 institutional investors held AvalonBay Communities (AVB) as of Q2 2019, down from 558 in Q1 2019.
- Funds reported $26.5B of AvalonBay Communities stock for Q2 2019, up 2% quarter-over-quarter.
- 47 funds opened new AvalonBay Communities positions in Q2 2019 and 50 closed out, a net change of -3 holders.
- The largest AvalonBay Communities buyer in Q2 2019 was Parnassus Investments, an estimated $281M added.
- The largest AvalonBay Communities seller in Q2 2019 was JP Morgan Chase, an estimated $143M sold.
Based on aggregated 13F filings for Q2 2019.