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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
Adage Capital Partners
76
Adage Capital Partners
Massachusetts
$15.4M +$13.7M +62,300 New
Franklin Resources
77
Franklin Resources
California
$15.4M +$1.3M +5,887 +10%
PHAM
78
Pacific Heights Asset Management
California
$14.9M – – –
AAIM
79
American Assets Investment Management
California
$14.8M – – –
MYAM
80
Meiji Yasuda Asset Management
Japan
$14.5M -$4.4M -19,946 -25%
BNP Paribas Financial Markets
81
BNP Paribas Financial Markets
France
$14.2M -$4.48M -20,316 -26%
URS
82
Utah Retirement Systems
Utah
$14M +$6.34M +28,718 +103%
DSA
83
Davis Selected Advisers
Arizona
$13.8M -$318K -1,440 -3%
Wells Fargo
84
Wells Fargo
California
$13.8M -$260K -1,180 -2%
New York State Common Retirement Fund
85
New York State Common Retirement Fund
New York
$13.8M -$2.09M -9,466 -15%
SOADOR
86
State of Alaska Department of Revenue
Alaska
$13.5M +$315K +1,426 +3%
ACM
87
Adelante Capital Management
California
$13.3M -$25.4M -115,052 -68%
Retirement Systems of Alabama
88
Retirement Systems of Alabama
Alabama
$13.3M -$81K -367 -0.7%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
89
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$13.2M +$9.61M +43,582 +454%
Manulife (Manufacturers Life Insurance)
90
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$12.9M +$447K +2,026 +4%
EARNEST Partners
91
EARNEST Partners
Georgia
$12.9M +$431K +1,956 +4%
State of New Jersey Common Pension Fund D
92
State of New Jersey Common Pension Fund D
New Jersey
$12.4M – – –
KBC Group
93
KBC Group
Belgium
$12.4M +$1.61M +7,312 +17%
Victory Capital Management
94
Victory Capital Management
Texas
$12.2M +$1.09M +4,943 +11%
Korea Investment Corp
95
Korea Investment Corp
South Korea
$12.1M +$7.14M +32,362 +195%
Envestnet Asset Management
96
Envestnet Asset Management
Illinois
$11.9M -$1.13M -5,132 -10%
KHCM
97
Kettle Hill Capital Management
New York
$11.9M +$10.6M +48,047 New
State of Wisconsin Investment Board
98
State of Wisconsin Investment Board
Wisconsin
$11.6M -$678K -3,075 -6%
Prudential Financial
99
Prudential Financial
New Jersey
$11.6M -$2.14M -9,699 -17%
Pictet Asset Management
100
Pictet Asset Management
Switzerland
$11.2M +$235K +1,066 +2%
2 3
4
5 6

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.