CubeSmart
CUBE
437 hedge funds and large institutions have $10.1B invested in CubeSmart in 2023 Q4 according to their latest regulatory filings, with 65 funds opening new positions, 153 increasing their positions, 173 reducing their positions, and 39 closing their positions.
67% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 39
30% more call options, than puts
Call options by funds: $6.15M | Put options by funds: $4.72M
19% more capital invested
Capital invested by funds: $8.47B → $10.1B (+$1.64B)
6% more funds holding
Funds holding: 414 → 437 (+23)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
1.79% less ownership
Funds ownership: 98.69% → 96.9% (-1.8%)
12% less repeat investments, than reductions
Existing positions increased: 153 | Existing positions reduced: 173
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$87.7M |
| 2 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$75M |
| 3 |
RC
Resolution Capital
Sydney, NSW,
Australia
|
+$53M |
| 4 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
+$39.5M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$37.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$140M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$74.9M |
| 3 |
LPC
Long Pond Capital
New York
|
-$60.7M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$44.3M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$44M |
CUBE Hedge Fund Activity: Q4 2023 in Review
437 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in CubeSmart (CUBE) for Q4 2023, worth a combined $10.1B — up 19% from $8.47B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new CUBE positions and 39 closed out — a net gain of 26 holders — while 153 added to existing stakes and 173 trimmed.
The largest buyer was Norges Bank, adding an estimated $87.7M. The largest seller was Principal Financial Group, cutting an estimated $140M.
- 437 institutional investors held CubeSmart (CUBE) as of Q4 2023, up from 414 in Q3 2023.
- Funds reported $10.1B of CubeSmart stock for Q4 2023, up 19% quarter-over-quarter.
- 65 funds opened new CubeSmart positions in Q4 2023 and 39 closed out, a net change of +26 holders.
- The largest CubeSmart buyer in Q4 2023 was Norges Bank, an estimated $87.7M added.
- The largest CubeSmart seller in Q4 2023 was Principal Financial Group, an estimated $140M sold.
Based on aggregated 13F filings for Q4 2023.