Empire State Realty Trust
ESRT
203 hedge funds and large institutions have $2.17B invested in Empire State Realty Trust in 2018 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 84 increasing their positions, 52 reducing their positions, and 18 closing their positions.
111% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 18
62% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 52
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
10% more funds holding
Funds holding: 185 → 203 (+18)
5.01% less ownership
Funds ownership: 84.57% → 79.56% (-5%)
21% less capital invested
Capital invested by funds: $2.75B → $2.17B (-$578M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $15K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRES
Heitman Real Estate Securities
Chicago,
Illinois
|
+$30.2M |
| 2 |
RC
Resolution Capital
Sydney, NSW,
Australia
|
+$16.4M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$15.8M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$12.1M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$11.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$94.5M |
| 2 |
ACM
AEW Capital Management
Boston,
Massachusetts
|
-$64.1M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$19.2M |
| 4 |
Millennium Management
New York
|
-$18M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$17.5M |
ESRT Hedge Fund Activity: Q1 2018 in Review
203 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Empire State Realty Trust (ESRT) for Q1 2018, worth a combined $2.17B — down 21% from $2.75B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new ESRT positions and 18 closed out — a net gain of 20 holders — while 84 added to existing stakes and 52 trimmed.
The largest buyer was Heitman Real Estate Securities, adding an estimated $30.2M. The largest seller was Cohen & Steers, cutting an estimated $94.5M.
- 203 institutional investors held Empire State Realty Trust (ESRT) as of Q1 2018, up from 185 in Q4 2017.
- Funds reported $2.17B of Empire State Realty Trust stock for Q1 2018, down 21% quarter-over-quarter.
- 38 funds opened new Empire State Realty Trust positions in Q1 2018 and 18 closed out, a net change of +20 holders.
- The largest Empire State Realty Trust buyer in Q1 2018 was Heitman Real Estate Securities, an estimated $30.2M added.
- The largest Empire State Realty Trust seller in Q1 2018 was Cohen & Steers, an estimated $94.5M sold.
Based on aggregated 13F filings for Q1 2018.