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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.

New
Increased
Maintained
Reduced
Closed

10% more funds holding in top 10

Funds holding in top 10: 1011 (+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: 432415 (-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

Holders
415
Holders Change
-17
Holders Change %
-3.94%
% of All Funds
11.07%
Holding in Top 10
11
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+10%
% of All Funds
0.29%
New
34
Increased
133
Reduced
172
Closed
47
Calls
$12.1M
Puts
$25.6M
Net Calls
-$13.5M
Net Calls Change
-$8.73M
Name Holding Trade Value Shares
Change
Change in
Stake
HSBC Holdings
51
HSBC Holdings
United Kingdom
$36M +$777K +3,418 +2%
AllianceBernstein
52
AllianceBernstein
Tennessee
$36M -$362K -1,592 -1%
BIM
53
BlackRock Investment Management
Delaware
$33.9M -$520K -2,286 -1%
Schroder Investment Management Group
54
Schroder Investment Management Group
United Kingdom
$32.1M -$16M -70,295 -33%
CIMLRA
55
CBRE Investment Management Listed Real Assets
Pennsylvania
$32M -$34.2M -150,513 -51%
New York State Common Retirement Fund
56
New York State Common Retirement Fund
New York
$31.8M -$2.89M -12,700 -8%
California Public Employees Retirement System
57
California Public Employees Retirement System
California
$31.6M -$1.91M -8,400 -6%
California State Teachers Retirement System (CalSTRS)
58
California State Teachers Retirement System (CalSTRS)
California
$31.5M +$273K +1,200 +0.9%
CBOA
59
Commonwealth Bank of Australia
Australia
$31.4M +$15M +65,876 +88%
Mitsubishi UFJ Trust & Banking
60
Mitsubishi UFJ Trust & Banking
Japan
$30.7M +$258K +1,134 +0.8%
Neuberger Berman Group
61
Neuberger Berman Group
New York
$30.6M -$5.38M -23,634 -15%
WBC
62
Westpac Banking Corp
Australia
$30.5M +$4.59M +20,190 +17%
SAM
63
Securian Asset Management
Minnesota
$28.7M -$4.71M -20,700 -14%
PHAM
64
Pacific Heights Asset Management
California
$27.8M
Macquarie Group
65
Macquarie Group
Australia
$27.6M +$7.17M +31,542 +34%
MTB
66
Mizuho Trust & Banking
Japan
$26.9M +$346K +1,521 +1%
GC
67
Guggenheim Capital
Illinois
$26.4M -$1.72M -7,568 -6%
New York State Teachers Retirement System (NYSTRS)
68
New York State Teachers Retirement System (NYSTRS)
New York
$26.2M -$311K -1,369 -1%
Millennium Management
69
Millennium Management
New York
$26.1M -$28.6M -125,756 -52%
RhumbLine Advisers
70
RhumbLine Advisers
Massachusetts
$24.1M +$632K +2,780 +3%
ESCM
71
Echo Street Capital Management
New York
$23.8M +$2.13M +9,348 +10%
CIBC Private Wealth Group
72
CIBC Private Wealth Group
Georgia
$23.5M
AAMU
73
Amundi Asset Management US
Massachusetts
$23.4M -$868K -3,815 -4%
State Board of Administration of Florida Retirement System
74
State Board of Administration of Florida Retirement System
Florida
$23.4M -$283K -1,243 -1%
SO
75
STRS Ohio
Ohio
$23.3M -$475K -2,086 -2%

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.