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CubeSmart
CUBE

414 hedge funds and large institutions have $8.47B invested in CubeSmart in 2023 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 155 increasing their positions, 161 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

16% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 37

0% more funds holding

Funds holding: 412 → 414 (+2)

4% less repeat investments, than reductions

Existing positions increased: 155 | Existing positions reduced: 161

1.31% less ownership

Funds ownership: 100% → 98.69% (-1.3%)

16% less capital invested

Capital invested by funds: $10B → $8.47B (-$1.57B)

83% less call options, than puts

Call options by funds: $3.13M | Put options by funds: $18.7M

Holders
414
Holders Change
+2
Holders Change %
+0.49%
% of All Funds
6.57%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
43
Increased
155
Reduced
161
Closed
37
Calls
$3.13M
Puts
$18.7M
Net Calls
-$15.6M
Net Calls Change
+$3.59M

Top Buyers

1
Deutsche Bank
Deutsche Bank
Germany
+$123M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$92.2M
3
LPC
Long Pond Capital
New York
+$67.2M
4
Allspring Global Investments
Allspring Global Investments
North Carolina
+$57.8M
5
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$37.6M

Top Sellers

1
Principal Financial Group
Principal Financial Group
Iowa
-$184M
2
RC
Resolution Capital
Australia
-$63.6M
3
Ameriprise
Ameriprise
Minnesota
-$59.5M
4
ACM
AEW Capital Management
Massachusetts
-$56.9M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$48.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.21B -$4.6M -108,937 -0.3%
BlackRock
2
BlackRock
New York
$979M -$14.6M -346,973 -1%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$579M -$48.9M -1,159,877 -7%
State Street
4
State Street
Massachusetts
$477M +$197K +4,661 +0%
Norges Bank
5
Norges Bank
Norway
$281M +$1.09M +25,839 +0.4%
JP Morgan Chase
6
JP Morgan Chase
New York
$258M -$3.39M -80,373 -1%
T. Rowe Price Investment Management
7
T. Rowe Price Investment Management
Maryland
$229M +$1.08M +25,689 +0.4%
Invesco
8
Invesco
Georgia
$180M +$8.88M +210,338 +5%
T. Rowe Price Associates
9
T. Rowe Price Associates
Maryland
$178M +$18.2M +431,996 +10%
Principal Financial Group
10
Principal Financial Group
Iowa
$168M -$184M -4,356,796 -50%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$157M +$3.36M +79,670 +2%
Capital Research Global Investors
12
Capital Research Global Investors
California
$151M -$5.98M -141,638 -3%
Allspring Global Investments
13
Allspring Global Investments
North Carolina
$149M +$57.8M +1,369,438 +54%
AllianceBernstein
14
AllianceBernstein
Tennessee
$127M -$12M -283,391 -8%
Morgan Stanley
15
Morgan Stanley
New York
$124M +$7.14M +169,258 +5%
Dimensional Fund Advisors
16
Dimensional Fund Advisors
Texas
$122M +$410K +9,707 +0.3%
CIMLRA
17
CBRE Investment Management Listed Real Assets
Pennsylvania
$121M -$12M -284,119 -8%
Truist Financial
18
Truist Financial
North Carolina
$117M -$2.16M -51,183 -2%
Deutsche Bank
19
Deutsche Bank
Germany
$117M +$123M +2,906,478 +1,916%
Charles Schwab
20
Charles Schwab
California
$106M +$1.8M +42,561 +2%
Diamond Hill Capital Management
21
Diamond Hill Capital Management
Ohio
$104M +$6M +142,253 +6%
DPIM
22
Duff & Phelps Investment Management
Illinois
$101M +$3.31M +78,345 +3%
RC
23
Resolution Capital
Australia
$99.7M -$63.6M -1,507,242 -37%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$94.6M -$2.26M -53,659 -2%
Northern Trust
25
Northern Trust
Illinois
$91.2M +$365K +8,648 +0.4%
1
2 3 4 5

CUBE Hedge Fund Activity: Q3 2023 in Review

414 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in CubeSmart (CUBE) for Q3 2023, worth a combined $8.47B — down 16% from $10B a quarter earlier.

Buyers outnumbered sellers: 43 funds opened new CUBE positions and 37 closed out — a net gain of 6 holders — while 155 added to existing stakes and 161 trimmed.

The largest buyer was Deutsche Bank, adding an estimated $123M. The largest seller was Principal Financial Group, cutting an estimated $184M.

  • 414 institutional investors held CubeSmart (CUBE) as of Q3 2023, up from 412 in Q2 2023.
  • Funds reported $8.47B of CubeSmart stock for Q3 2023, down 16% quarter-over-quarter.
  • 43 funds opened new CubeSmart positions in Q3 2023 and 37 closed out, a net change of +6 holders.
  • The largest CubeSmart buyer in Q3 2023 was Deutsche Bank, an estimated $123M added.
  • The largest CubeSmart seller in Q3 2023 was Principal Financial Group, an estimated $184M sold.

Based on aggregated 13F filings for Q3 2023.