Essex Property Trust
415 hedge funds and large institutions have $14.5B invested in Essex Property Trust in 2016 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 133 increasing their positions, 172 reducing their positions, and 47 closing their positions.
10% more funds holding in top 10
Funds holding in top 10: 10 → 11 (+1)
0.13% less ownership
Funds ownership: 99.93% → 99.8% (-0.13%)
3% less capital invested
Capital invested by funds: $14.9B → $14.5B (-$436M)
4% less funds holding
Funds holding: 432 → 415 (-17)
23% less repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 172
28% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 47
53% less call options, than puts
Call options by funds: $12.1M | Put options by funds: $25.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Long Pond Capital
New York
|
+$118M |
| 2 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$98.9M |
| 3 |
SAMC
Shinko Asset Management Company
Tokyo,
Japan
|
+$76.6M |
| 4 |
State Street
Boston,
Massachusetts
|
+$67.2M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$59.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$173M |
| 2 |
O
OppenheimerFunds
New York
|
-$80.7M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$61.5M |
| 4 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$53M |
| 5 |
CIMLRA
CBRE Investment Management Listed Real Assets
Radnor,
Pennsylvania
|
-$34.2M |
ESS Hedge Fund Activity: Q3 2016 in Review
415 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Essex Property Trust (ESS) for Q3 2016, worth a combined $14.5B — down 2.9% from $14.9B a quarter earlier.
Sellers outnumbered buyers: 47 funds closed out of ESS and 34 opened new positions — a net loss of 13 holders — while 172 trimmed existing stakes and 133 added.
The largest buyer was Long Pond Capital, adding an estimated $118M. The largest seller was Cohen & Steers, cutting an estimated $173M.
- 415 institutional investors held Essex Property Trust (ESS) as of Q3 2016, down from 432 in Q2 2016.
- Funds reported $14.5B of Essex Property Trust stock for Q3 2016, down 2.9% quarter-over-quarter.
- 34 funds opened new Essex Property Trust positions in Q3 2016 and 47 closed out, a net change of -13 holders.
- The largest Essex Property Trust buyer in Q3 2016 was Long Pond Capital, an estimated $118M added.
- The largest Essex Property Trust seller in Q3 2016 was Cohen & Steers, an estimated $173M sold.
Based on aggregated 13F filings for Q3 2016.