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Essex Property Trust
ESS

546 hedge funds and large institutions have $15.6B invested in Essex Property Trust in 2023 Q4 according to their latest regulatory filings, with 79 funds opening new positions, 177 increasing their positions, 215 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

58% more first-time investments, than exits

New positions opened: 79 | Existing positions closed: 50

20% more capital invested

Capital invested by funds: $13B → $15.6B (+$2.61B)

4% more funds holding

Funds holding: 523 → 546 (+23)

2.67% more ownership

Funds ownership: 94.99% → 97.66% (+2.7%)

9% less call options, than puts

Call options by funds: $21.3M | Put options by funds: $23.5M

18% less repeat investments, than reductions

Existing positions increased: 177 | Existing positions reduced: 215

Holders
546
Holders Change
+23
Holders Change %
+4.4%
% of All Funds
7.96%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.04%
New
79
Increased
177
Reduced
215
Closed
50
Calls
$21.3M
Puts
$23.5M
Net Calls
-$2.21M
Net Calls Change
-$13.3M

Top Buyers

1
Cohen & Steers
Cohen & Steers
New York
+$161M
2
Morgan Stanley
Morgan Stanley
New York
+$156M
3
Deutsche Bank
Deutsche Bank
Germany
+$133M
4
Norges Bank
Norges Bank
Norway
+$105M
5
Daiwa Securities Group
Daiwa Securities Group
Japan
+$78.8M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$114M
2
LIMS
Lasalle Investment Management Securities
Maryland
-$57M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$53.6M
4
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
-$48.7M
5
Northern Trust
Northern Trust
Illinois
-$47.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
RhumbLine Advisers
51
RhumbLine Advisers
Massachusetts
$32.2M -$952K -4,314 -3%
Mitsubishi UFJ Asset Management
52
Mitsubishi UFJ Asset Management
Japan
$31.5M +$881K +3,993 +3%
VF
53
Vest Financial
Virginia
$31.1M +$7M +31,731 +34%
CS
54
Credit Suisse
Switzerland
$30.9M -$2.93M -13,285 -10%
ECM
55
ExodusPoint Capital Management
New York
$30.7M +$26.8M +121,290 +4,852%
Ohio Public Employees Retirement System (OPERS)
56
Ohio Public Employees Retirement System (OPERS)
Ohio
$29.6M +$324K +1,469 +1%
State of Tennessee, Department of Treasury
57
State of Tennessee, Department of Treasury
Tennessee
$27.4M -$264K -1,196 -1%
NLGIA
58
Nippon Life Global Investors Americas
New York
$25.7M +$505K +2,290 +2%
National Pension Service
59
National Pension Service
South Korea
$25M – – –
Aberdeen Group
60
Aberdeen Group
United Kingdom
$24.9M +$15.2M +68,951 +220%
AllianceBernstein
61
AllianceBernstein
Tennessee
$24.8M -$264K -1,196 -1%
California State Teachers Retirement System (CalSTRS)
62
California State Teachers Retirement System (CalSTRS)
California
$24.3M +$21.2K +96 +0.1%
Robeco Institutional Asset Management
63
Robeco Institutional Asset Management
Netherlands
$22.5M -$9.72M -44,059 -33%
Bank of Montreal
64
Bank of Montreal
Ontario, Canada
$21.4M +$3.85M +17,431 +26%
State Board of Administration of Florida Retirement System
65
State Board of Administration of Florida Retirement System
Florida
$19.7M +$2.02M +9,178 +13%
HA
66
Heartland Advisors
Wisconsin
$18.8M -$4.66M -21,126 -22%
Baird Financial Group
67
Baird Financial Group
Wisconsin
$18.7M +$183K +829 +1%
Macquarie Group
68
Macquarie Group
Australia
$18.4M +$2.14M +9,688 +15%
Citigroup
69
Citigroup
New York
$18.1M -$3.05M -13,829 -16%
CIM
70
Centersquare Investment Management
Pennsylvania
$18M +$7.59M +34,427 +91%
Allianz Asset Management
71
Allianz Asset Management
Germany
$16.8M -$3.23M -14,664 -18%
IL
72
Investure LLC
Virginia
$16.4M – – –
Renaissance Technologies
73
Renaissance Technologies
New York
$16.3M +$5.05M +22,900 +53%
UIC
74
Uniplan Investment Counsel
Wisconsin
$16.2M -$1.71M -7,772 -11%
New York State Teachers Retirement System (NYSTRS)
75
New York State Teachers Retirement System (NYSTRS)
New York
$15.6M -$336K -1,525 -2%
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3
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ESS Hedge Fund Activity: Q4 2023 in Review

546 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Essex Property Trust (ESS) for Q4 2023, worth a combined $15.6B — up 20% from $13B a quarter earlier.

Buyers outnumbered sellers: 79 funds opened new ESS positions and 50 closed out — a net gain of 29 holders — while 177 added to existing stakes and 215 trimmed.

The largest buyer was Cohen & Steers, adding an estimated $161M. The largest seller was Citadel Advisors, cutting an estimated $114M.

  • 546 institutional investors held Essex Property Trust (ESS) as of Q4 2023, up from 523 in Q3 2023.
  • Funds reported $15.6B of Essex Property Trust stock for Q4 2023, up 20% quarter-over-quarter.
  • 79 funds opened new Essex Property Trust positions in Q4 2023 and 50 closed out, a net change of +29 holders.
  • The largest Essex Property Trust buyer in Q4 2023 was Cohen & Steers, an estimated $161M added.
  • The largest Essex Property Trust seller in Q4 2023 was Citadel Advisors, an estimated $114M sold.

Based on aggregated 13F filings for Q4 2023.