CubeSmart
CUBE
262 hedge funds and large institutions have $6.46B invested in CubeSmart in 2019 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 114 increasing their positions, 80 reducing their positions, and 34 closing their positions.
59% more capital inflows, than outflows
Capital inflows: $550M | Capital outflows: $345M
43% more repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 80
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
1.74% more ownership
Funds ownership: 100.78% → 102.52% (+1.7%)
5% less funds holding
Funds holding: 276 → 262 (-14)
26% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 34
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$117M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$78.2M |
| 3 |
Eaton Vance Management
Boston,
Massachusetts
|
+$56.5M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
+$31.6M |
| 5 |
Cohen & Steers
New York
|
+$25.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Heitman Real Estate Securities
Chicago,
Illinois
|
-$34.5M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$33.5M |
| 3 |
CBRE Investment Management Listed Real Assets
Radnor,
Pennsylvania
|
-$24M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$23.5M |
| 5 |
Echo Street Capital Management
New York
|
-$23.2M |
CUBE Hedge Fund Activity: Q2 2019 in Review
262 of the 4,626 institutional investors tracked by Wall St. Rank reported a position in CubeSmart (CUBE) for Q2 2019, worth a combined $6.46B — up 6.9% from $6.05B a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of CUBE and 25 opened new positions — a net loss of 9 holders — while 80 trimmed existing stakes and 114 added.
The largest buyer was Fidelity Investments, adding an estimated $117M. The largest seller was Heitman Real Estate Securities, exiting entirely with an estimated $34.5M sold.
- 262 institutional investors held CubeSmart (CUBE) as of Q2 2019, down from 276 in Q1 2019.
- Funds reported $6.46B of CubeSmart stock for Q2 2019, up 6.9% quarter-over-quarter.
- 25 funds opened new CubeSmart positions in Q2 2019 and 34 closed out, a net change of -9 holders.
- The largest CubeSmart buyer in Q2 2019 was Fidelity Investments, an estimated $117M added.
- The largest CubeSmart seller in Q2 2019 was Heitman Real Estate Securities, an estimated $34.5M sold.
Based on aggregated 13F filings for Q2 2019.