Essex Property Trust
390 hedge funds and large institutions have $13.5B invested in Essex Property Trust in 2015 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 164 increasing their positions, 124 reducing their positions, and 40 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 164 | Existing positions reduced: 124
0.61% more ownership
Funds ownership: 97.67% → 98.28% (+0.61%)
2% less funds holding
Funds holding: 399 → 390 (-9)
8% less capital invested
Capital invested by funds: $14.6B → $13.5B (-$1.12B)
13% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 40
17% less funds holding in top 10
Funds holding in top 10: 12 → 10 (-2)
56% less call options, than puts
Call options by funds: $15.9M | Put options by funds: $36.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$179M |
| 2 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$57.6M |
| 3 |
HRES
Heitman Real Estate Securities
Chicago,
Illinois
|
+$42.2M |
| 4 |
ACI
AMP Capital Investors
Sydney,
Australia
|
+$34.9M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$32.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$97.1M |
| 2 |
CIMLRA
CBRE Investment Management Listed Real Assets
Radnor,
Pennsylvania
|
-$49.1M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$46.1M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$42.1M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$36.5M |
ESS Hedge Fund Activity: Q2 2015 in Review
390 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Essex Property Trust (ESS) for Q2 2015, worth a combined $13.5B — down 7.7% from $14.6B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of ESS and 35 opened new positions — a net loss of 5 holders — while 124 trimmed existing stakes and 164 added.
The largest buyer was State Street, adding an estimated $179M. The largest seller was Cohen & Steers, cutting an estimated $97.1M.
- 390 institutional investors held Essex Property Trust (ESS) as of Q2 2015, down from 399 in Q1 2015.
- Funds reported $13.5B of Essex Property Trust stock for Q2 2015, down 7.7% quarter-over-quarter.
- 35 funds opened new Essex Property Trust positions in Q2 2015 and 40 closed out, a net change of -5 holders.
- The largest Essex Property Trust buyer in Q2 2015 was State Street, an estimated $179M added.
- The largest Essex Property Trust seller in Q2 2015 was Cohen & Steers, an estimated $97.1M sold.
Based on aggregated 13F filings for Q2 2015.