EastGroup Properties
204 hedge funds and large institutions have $2.41B invested in EastGroup Properties in 2017 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 82 increasing their positions, 67 reducing their positions, and 31 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 67
8% more capital invested
Capital invested by funds: $2.24B → $2.41B (+$174M)
6.36% more ownership
Funds ownership: 92.24% → 98.59% (+6.4%)
11% less funds holding
Funds holding: 229 → 204 (-25)
58% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$345M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$75.9M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$37M |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$18.2M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$16.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
IronBridge Capital Management
Oakbrook Terrace,
Illinois
|
-$9.83M |
| 2 |
Morgan Stanley
New York
|
-$7.2M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$6.7M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$6.39M |
| 5 |
Neuberger Berman Group
New York
|
-$5.02M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
226
Tower Research Capital (TRC)
New York
| – | -$256K | -3,457 | Closed |
|
|
NA
227
Navellier & Associates
Reno,
Nevada
| – | -$253K | -3,425 | Closed |
|
228
Brown Advisory
Baltimore,
Maryland
| – | -$224K | -3,035 | Closed |
|
|
CI
229
Cavalier Investments
Alpharetta,
Georgia
| – | -$214K | -2,900 | Closed |
|
230
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$214K | -2,900 | Closed |
|
|
MOACM
231
Mutual of America Capital Management
New York
| – | -$44K | -600 | Closed |
|
|
BL
232
Balentine LLC
Atlanta,
Georgia
| – | -$22K | -300 | Closed |
|
|
AIM
233
Acrospire Investment Management
Chicago,
Illinois
| – | -$14K | -183 | Closed |
|
|
RWML
234
RAFFA WEALTH MANAGEMENT, LLC
Washington,
District of Columbia
| – | -$1.18K | -16 | Closed |
|
235
Acadian Asset Management
Boston,
Massachusetts
| – | -$1K | -13 | Closed |
|
EGP Hedge Fund Activity: Q1 2017 in Review
204 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in EastGroup Properties (EGP) for Q1 2017, worth a combined $2.41B — up 7.8% from $2.24B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of EGP and 13 opened new positions — a net loss of 18 holders — while 67 trimmed existing stakes and 82 added.
The largest buyer was BlackRock, adding an estimated $345M. The largest seller was IronBridge Capital Management, cutting an estimated $9.83M.
- 204 institutional investors held EastGroup Properties (EGP) as of Q1 2017, down from 229 in Q4 2016.
- Funds reported $2.41B of EastGroup Properties stock for Q1 2017, up 7.8% quarter-over-quarter.
- 13 funds opened new EastGroup Properties positions in Q1 2017 and 31 closed out, a net change of -18 holders.
- The largest EastGroup Properties buyer in Q1 2017 was BlackRock, an estimated $345M added.
- The largest EastGroup Properties seller in Q1 2017 was IronBridge Capital Management, an estimated $9.83M sold.
Based on aggregated 13F filings for Q1 2017.