CubeSmart
CUBE
191 hedge funds and large institutions have $2.59B invested in CubeSmart in 2014 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 76 increasing their positions, 63 reducing their positions, and 16 closing their positions.
56% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 16
21% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 63
9% more capital invested
Capital invested by funds: $2.38B → $2.59B (+$207M)
3% more funds holding
Funds holding: 185 → 191 (+6)
0.57% less ownership
Funds ownership: 108.13% → 107.55% (-0.57%)
74% less call options, than puts
Call options by funds: $46K | Put options by funds: $178K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$60.1M |
| 2 |
Cohen & Steers
New York
|
+$31.4M |
| 3 |
Millennium Management
New York
|
+$26.2M |
| 4 |
Goldman Sachs
New York
|
+$23.3M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$19.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
-$46.5M |
| 2 |
JP Morgan Chase
New York
|
-$39.7M |
| 3 |
Bank of New York Mellon
New York
|
-$34.3M |
| 4 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$13.7M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$10.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EMFAT
201
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
| – | -$338K | -21,230 | Closed |
|
|
HI
202
HBK Investments
Dallas,
Texas
| – | -$298K | -18,704 | Closed |
|
|
SGH
203
Schonfeld Group Holdings
Jericho,
New York
| – | -$223K | -14,016 | Closed |
|
|
V
204
Veritable
Wilmington,
Delaware
| – | -$164K | -10,258 | Closed |
|
205
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
| – | -$16K | -1,000 | Closed |
|
|
ASN
206
Advisory Services Network
Atlanta,
Georgia
| – | -$2K | -151 | Closed |
|
CUBE Hedge Fund Activity: Q1 2014 in Review
191 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in CubeSmart (CUBE) for Q1 2014, worth a combined $2.59B — up 8.7% from $2.38B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new CUBE positions and 16 closed out — a net gain of 9 holders — while 76 added to existing stakes and 63 trimmed.
The largest buyer was Deutsche Bank, adding an estimated $60.1M. The largest seller was Capital Growth Management, exiting entirely with an estimated $46.5M sold.
- 191 institutional investors held CubeSmart (CUBE) as of Q1 2014, up from 185 in Q4 2013.
- Funds reported $2.59B of CubeSmart stock for Q1 2014, up 8.7% quarter-over-quarter.
- 25 funds opened new CubeSmart positions in Q1 2014 and 16 closed out, a net change of +9 holders.
- The largest CubeSmart buyer in Q1 2014 was Deutsche Bank, an estimated $60.1M added.
- The largest CubeSmart seller in Q1 2014 was Capital Growth Management, an estimated $46.5M sold.
Based on aggregated 13F filings for Q1 2014.