CubeSmart
CUBE
275 hedge funds and large institutions have $6.04B invested in CubeSmart in 2019 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 94 increasing their positions, 122 reducing their positions, and 40 closing their positions.
12% more capital invested
Capital invested by funds: $5.38B → $6.04B (+$665M)
0.42% less ownership
Funds ownership: 101.15% → 100.74% (-0.42%)
5% less funds holding
Funds holding: 289 → 275 (-14)
23% less repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 122
33% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 40
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
76% less call options, than puts
Call options by funds: $60K | Put options by funds: $247K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$290M |
| 2 |
PI
PGGM Investments
Zeist,
Netherlands
|
+$87.6M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$44.9M |
| 4 |
State Street
Boston,
Massachusetts
|
+$42.2M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
+$17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
-$63.5M |
| 2 |
Millennium Management
New York
|
-$56.7M |
| 3 |
CIMLRA
CBRE Investment Management Listed Real Assets
Radnor,
Pennsylvania
|
-$39.4M |
| 4 |
Cohen & Steers
New York
|
-$38.9M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$31.6M |
CUBE Hedge Fund Activity: Q1 2019 in Review
275 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in CubeSmart (CUBE) for Q1 2019, worth a combined $6.04B — up 12% from $5.38B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of CUBE and 27 opened new positions — a net loss of 13 holders — while 122 trimmed existing stakes and 94 added.
The largest buyer was Fidelity Investments, adding an estimated $290M. The largest seller was Centersquare Investment Management, cutting an estimated $63.5M.
- 275 institutional investors held CubeSmart (CUBE) as of Q1 2019, down from 289 in Q4 2018.
- Funds reported $6.04B of CubeSmart stock for Q1 2019, up 12% quarter-over-quarter.
- 27 funds opened new CubeSmart positions in Q1 2019 and 40 closed out, a net change of -13 holders.
- The largest CubeSmart buyer in Q1 2019 was Fidelity Investments, an estimated $290M added.
- The largest CubeSmart seller in Q1 2019 was Centersquare Investment Management, an estimated $63.5M sold.
Based on aggregated 13F filings for Q1 2019.