We are live on ! Find out more
CUBE icon

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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
398
Holders Change
+38
Holders Change %
+10.56%
% of All Funds
6.34%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.1%
New
72
Increased
158
Reduced
121
Closed
29
Calls
$45.1M
Puts
$12.5M
Net Calls
+$32.6M
Net Calls Change
+$32.2M

Top Buyers

1
Truist Financial
Truist Financial
North Carolina
+$139M
2
Allspring Global Investments
Allspring Global Investments
North Carolina
+$105M
3
Ameriprise
Ameriprise
Minnesota
+$61.8M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$41.5M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$33.5M

Top Sellers

1
Cohen & Steers
Cohen & Steers
New York
-$352M
2
Principal Financial Group
Principal Financial Group
Iowa
-$66.8M
3
Capital Research Global Investors
Capital Research Global Investors
California
-$44.8M
4
Millennium Management
Millennium Management
New York
-$44.5M
5
Prudential Financial
Prudential Financial
New Jersey
-$34.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.51B -$5.91M -131,700 -0.4%
BlackRock
2
BlackRock
New York
$1.21B +$6.22M +138,651 +0.5%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$888M -$12.9M -288,505 -1%
State Street
4
State Street
Massachusetts
$580M +$7.79M +173,717 +1%
Principal Financial Group
5
Principal Financial Group
Iowa
$529M -$66.8M -1,490,350 -12%
Norges Bank
6
Norges Bank
Norway
$335M -$2.11M -46,935 -0.6%
T. Rowe Price Investment Management
7
T. Rowe Price Investment Management
Maryland
$279M +$18.3M +408,934 +7%
JP Morgan Chase
8
JP Morgan Chase
New York
$256M +$8.76M +195,201 +4%
Capital Research Global Investors
9
Capital Research Global Investors
California
$255M -$44.8M -999,799 -15%
Invesco
10
Invesco
Georgia
$249M +$7.79M +173,680 +3%
T. Rowe Price Associates
11
T. Rowe Price Associates
Maryland
$217M -$4.21M -93,906 -2%
AllianceBernstein
12
AllianceBernstein
Tennessee
$183M -$32.5M -724,494 -15%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$180M +$4.31M +96,010 +3%
CIMLRA
14
CBRE Investment Management Listed Real Assets
Pennsylvania
$153M -$16.4M -365,762 -10%
Morgan Stanley
15
Morgan Stanley
New York
$146M +$2.85M +63,504 +2%
Truist Financial
16
Truist Financial
North Carolina
$145M +$139M +3,091,756 +5,564%
Dimensional Fund Advisors
17
Dimensional Fund Advisors
Texas
$145M +$3.84M +85,546 +3%
Charles Schwab
18
Charles Schwab
California
$125M +$3.25M +72,418 +3%
DPIM
19
Duff & Phelps Investment Management
Illinois
$125M -$23.1M -514,300 -16%
Diamond Hill Capital Management
20
Diamond Hill Capital Management
Ohio
$119M -$7.13M -159,067 -6%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$119M +$1.4M +31,239 +1%
Northern Trust
22
Northern Trust
Illinois
$115M +$2.17M +48,417 +2%
Goldman Sachs
23
Goldman Sachs
New York
$115M +$29.7M +662,774 +36%
PI
24
PGGM Investments
Netherlands
$115M -$17.3M -386,728 -14%
Allspring Global Investments
25
Allspring Global Investments
North Carolina
$112M +$105M +2,342,038 +2,945%
1
2 3 4 5

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.