CubeSmart
CUBE
412 hedge funds and large institutions have $10B invested in CubeSmart in 2023 Q2 according to their latest regulatory filings, with 53 funds opening new positions, 145 increasing their positions, 148 reducing their positions, and 37 closing their positions.
43% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 37
4% more funds holding
Funds holding: 398 → 412 (+14)
2% less repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 148
2.89% less ownership
Funds ownership: 102.89% → 100% (-2.9%)
6% less capital invested
Capital invested by funds: $10.7B → $10B (-$651M)
67% less funds holding in top 10
Funds holding in top 10: 6 → 2 (-4)
83% less call options, than puts
Call options by funds: $3.83M | Put options by funds: $23M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RC
Resolution Capital
Sydney, NSW,
Australia
|
+$187M |
| 2 |
JP Morgan Chase
New York
|
+$59M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
+$44.3M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$43.3M |
| 5 |
CCM
Copeland Capital Management
Conshohocken,
Pennsylvania
|
+$25.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$130M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$122M |
| 3 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
-$78.9M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
-$63.9M |
| 5 |
PI
PGGM Investments
Zeist,
Netherlands
|
-$43.3M |
CUBE Hedge Fund Activity: Q2 2023 in Review
412 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in CubeSmart (CUBE) for Q2 2023, worth a combined $10B — down 6.1% from $10.7B a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new CUBE positions and 37 closed out — a net gain of 16 holders — while 145 added to existing stakes and 148 trimmed.
The largest buyer was Resolution Capital, opening a new position worth an estimated $187M. The largest seller was Fidelity Investments, cutting an estimated $130M.
- 412 institutional investors held CubeSmart (CUBE) as of Q2 2023, up from 398 in Q1 2023.
- Funds reported $10B of CubeSmart stock for Q2 2023, down 6.1% quarter-over-quarter.
- 53 funds opened new CubeSmart positions in Q2 2023 and 37 closed out, a net change of +16 holders.
- The largest CubeSmart buyer in Q2 2023 was Resolution Capital, an estimated $187M added.
- The largest CubeSmart seller in Q2 2023 was Fidelity Investments, an estimated $130M sold.
Based on aggregated 13F filings for Q2 2023.