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CubeSmart
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437 hedge funds and large institutions have $10.2B invested in CubeSmart in 2023 Q4 according to their latest regulatory filings, with 65 funds opening new positions, 152 increasing their positions, 174 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 39

30% more call options, than puts

Call options by funds: $6.15M | Put options by funds: $4.72M

21% more capital invested

Capital invested by funds: $8.47B → $10.2B (+$1.76B)

6% more funds holding

Funds holding: 414 → 437 (+23)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

0.63% less ownership

Funds ownership: 98.69% → 98.06% (-0.63%)

13% less repeat investments, than reductions

Existing positions increased: 152 | Existing positions reduced: 174

Holders
437
Holders Change
+23
Holders Change %
+5.56%
% of All Funds
6.37%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
65
Increased
152
Reduced
174
Closed
39
Calls
$6.15M
Puts
$4.72M
Net Calls
+$1.43M
Net Calls Change
+$17M

Top Buyers

1
Norges Bank
Norges Bank
Norway
+$87.7M
2
Morgan Stanley
Morgan Stanley
New York
+$82.9M
3
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
+$75M
4
RC
Resolution Capital
Australia
+$53M
5
CIM
Centersquare Investment Management
Pennsylvania
+$39.5M

Top Sellers

1
Principal Financial Group
Principal Financial Group
Iowa
-$140M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$74.9M
3
LPC
Long Pond Capital
New York
-$60.7M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$44.3M
5
AllianceBernstein
AllianceBernstein
Tennessee
-$44M
Name Holding Trade Value Shares
Change 		Change in
Stake
PS
226
Principal Securities
Iowa
$1.01M +$860K +21,881 New
PAM
227
Panagora Asset Management
Massachusetts
$1M +$596K +15,173 +233%
GCM
228
Gallacher Capital Management
Colorado
$1M +$115K +2,928 +16%
SOAMC
229
Spirit of America Management Corp
New York
$994K – – –
Toronto Dominion Bank
230
Toronto Dominion Bank
Ontario, Canada
$993K -$126K -3,197 -13%
IMRF
231
Illinois Municipal Retirement Fund
Illinois
$965K – – –
MML Investors Services
232
MML Investors Services
Massachusetts
$965K +$4.36K +111 +0.5%
OTPPB
233
Ontario Teachers' Pension Plan Board
Ontario, Canada
$948K +$188K +4,780 +31%
JF
234
Jump Financial
Illinois
$895K -$1.16M -29,581 -61%
SAM
235
Securian Asset Management
Minnesota
$878K -$3.93K -100 -0.5%
AACA
236
American Assets Capital Advisers
California
$865K – – –
EAM
237
Erste Asset Management
Austria
$863K – – –
SAM
238
Shell Asset Management
Netherlands
$836K -$66.1K -1,683 -9%
Renaissance Technologies
239
Renaissance Technologies
New York
$830K +$703K +17,900 New
MSRPS
240
Maryland State Retirement & Pension System
Maryland
$814K – – –
EGM
241
Engineers Gate Manager
New York
$813K +$201K +5,116 +41%
VI
242
Versor Investments
New York
$796K -$1.03M -26,100 -60%
CGH
243
Crossmark Global Holdings
Texas
$785K -$12.9K -329 -2%
VI
244
Vestcor Inc
New Brunswick, Canada
$784K -$47.4K -1,207 -7%
BNP Paribas Asset Management
245
BNP Paribas Asset Management
France
$774K +$50.7K +1,289 +8%
SG Americas Securities
246
SG Americas Securities
New York
$763K -$557K -14,174 -46%
USAA
247
United Services Automobile Association
Texas
$760K +$49.3K +1,255 +8%
BHCM
248
Brevan Howard Capital Management
Jersey
$746K +$633K +16,103 New
AFS
249
Annapolis Financial Services
Maryland
$745K +$632K +16,071 New
AAM
250
Azzad Asset Management
Virginia
$743K +$52.8K +1,343 +9%
8 9
10
11 12

CUBE Hedge Fund Activity: Q4 2023 in Review

437 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in CubeSmart (CUBE) for Q4 2023, worth a combined $10.2B — up 21% from $8.47B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new CUBE positions and 39 closed out — a net gain of 26 holders — while 152 added to existing stakes and 174 trimmed.

The largest buyer was Norges Bank, adding an estimated $87.7M. The largest seller was Principal Financial Group, cutting an estimated $140M.

  • 437 institutional investors held CubeSmart (CUBE) as of Q4 2023, up from 414 in Q3 2023.
  • Funds reported $10.2B of CubeSmart stock for Q4 2023, up 21% quarter-over-quarter.
  • 65 funds opened new CubeSmart positions in Q4 2023 and 39 closed out, a net change of +26 holders.
  • The largest CubeSmart buyer in Q4 2023 was Norges Bank, an estimated $87.7M added.
  • The largest CubeSmart seller in Q4 2023 was Principal Financial Group, an estimated $140M sold.

Based on aggregated 13F filings for Q4 2023.