CubeSmart
CUBE
398 hedge funds and large institutions have $10.7B invested in CubeSmart in 2023 Q1 according to their latest regulatory filings, with 72 funds opening new positions, 158 increasing their positions, 121 reducing their positions, and 29 closing their positions.
261% more call options, than puts
Call options by funds: $45.1M | Put options by funds: $12.5M
148% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 29
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
31% more repeat investments, than reductions
Existing positions increased: 158 | Existing positions reduced: 121
15% more capital invested
Capital invested by funds: $9.29B → $10.7B (+$1.39B)
11% more funds holding
Funds holding: 360 → 398 (+38)
1.18% less ownership
Funds ownership: 104.07% → 102.89% (-1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Truist Financial
Charlotte,
North Carolina
|
+$139M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$105M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$61.8M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$41.5M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$33.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$352M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$66.8M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$44.8M |
| 4 |
Millennium Management
New York
|
-$44.5M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
-$34.4M |
CUBE Hedge Fund Activity: Q1 2023 in Review
398 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in CubeSmart (CUBE) for Q1 2023, worth a combined $10.7B — up 15% from $9.29B a quarter earlier.
Buyers outnumbered sellers: 72 funds opened new CUBE positions and 29 closed out — a net gain of 43 holders — while 158 added to existing stakes and 121 trimmed.
The largest buyer was Truist Financial, adding an estimated $139M. The largest seller was Cohen & Steers, cutting an estimated $352M.
- 398 institutional investors held CubeSmart (CUBE) as of Q1 2023, up from 360 in Q4 2022.
- Funds reported $10.7B of CubeSmart stock for Q1 2023, up 15% quarter-over-quarter.
- 72 funds opened new CubeSmart positions in Q1 2023 and 29 closed out, a net change of +43 holders.
- The largest CubeSmart buyer in Q1 2023 was Truist Financial, an estimated $139M added.
- The largest CubeSmart seller in Q1 2023 was Cohen & Steers, an estimated $352M sold.
Based on aggregated 13F filings for Q1 2023.