CubeSmart
CUBE
298 hedge funds and large institutions have $6.02B invested in CubeSmart in 2019 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 112 increasing their positions, 98 reducing their positions, and 41 closing their positions.
22% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 41
14% more repeat investments, than reductions
Existing positions increased: 112 | Existing positions reduced: 98
2% more funds holding
Funds holding: 293 → 298 (+5)
0.41% less ownership
Funds ownership: 99.26% → 98.84% (-0.41%)
10% less capital invested
Capital invested by funds: $6.67B → $6.02B (-$641M)
49% less call options, than puts
Call options by funds: $353K | Put options by funds: $688K
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$182M |
| 2 |
PI
PGGM Investments
Zeist,
Netherlands
|
+$87M |
| 3 |
SCRM
Security Capital Research & Management
Chicago,
Illinois
|
+$69.4M |
| 4 |
ESCM
Echo Street Capital Management
New York
|
+$40.4M |
| 5 |
BPSG
Brookfield Public Securities Group
New York
|
+$38.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
-$110M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$96.1M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$80.5M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$36.6M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
-$34.9M |
CUBE Hedge Fund Activity: Q4 2019 in Review
298 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in CubeSmart (CUBE) for Q4 2019, worth a combined $6.02B — down 9.6% from $6.67B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new CUBE positions and 41 closed out — a net gain of 9 holders — while 112 added to existing stakes and 98 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $182M. The largest seller was Centersquare Investment Management, cutting an estimated $110M.
- 298 institutional investors held CubeSmart (CUBE) as of Q4 2019, up from 293 in Q3 2019.
- Funds reported $6.02B of CubeSmart stock for Q4 2019, down 9.6% quarter-over-quarter.
- 50 funds opened new CubeSmart positions in Q4 2019 and 41 closed out, a net change of +9 holders.
- The largest CubeSmart buyer in Q4 2019 was Fidelity Investments, an estimated $182M added.
- The largest CubeSmart seller in Q4 2019 was Centersquare Investment Management, an estimated $110M sold.
Based on aggregated 13F filings for Q4 2019.