Essex Property Trust
264 hedge funds and large institutions have $7.3B invested in Essex Property Trust in 2014 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 108 increasing their positions, 85 reducing their positions, and 42 closing their positions.
167% more funds holding in top 10
Funds holding in top 10: 3 → 8 (+5)
32% more capital invested
Capital invested by funds: $5.55B → $7.3B (+$1.75B)
27% more repeat investments, than reductions
Existing positions increased: 108 | Existing positions reduced: 85
9.93% more ownership
Funds ownership: 101.31% → 111.24% (+9.9%)
5% more call options, than puts
Call options by funds: $13.5M | Put options by funds: $12.8M
5% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 42
2% less funds holding
Funds holding: 269 → 264 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$270M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$72.4M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$66.1M |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$51.7M |
| 5 |
PS
Presima Securities
Montreal,
Quebec, Canada
|
+$37.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$53.8M |
| 2 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$37.3M |
| 3 |
Morgan Stanley
New York
|
-$21.4M |
| 4 |
CPM
Chesapeake Partners Management
Baltimore,
Maryland
|
-$14.9M |
| 5 |
Daiwa Securities Group
Tokyo,
Japan
|
-$12.4M |
ESS Hedge Fund Activity: Q1 2014 in Review
264 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Essex Property Trust (ESS) for Q1 2014, worth a combined $7.3B — up 32% from $5.55B a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of ESS and 40 opened new positions — a net loss of 2 holders — while 85 trimmed existing stakes and 108 added.
The largest buyer was Fidelity Investments, adding an estimated $270M. The largest seller was Cohen & Steers, cutting an estimated $53.8M.
- 264 institutional investors held Essex Property Trust (ESS) as of Q1 2014, down from 269 in Q4 2013.
- Funds reported $7.3B of Essex Property Trust stock for Q1 2014, up 32% quarter-over-quarter.
- 40 funds opened new Essex Property Trust positions in Q1 2014 and 42 closed out, a net change of -2 holders.
- The largest Essex Property Trust buyer in Q1 2014 was Fidelity Investments, an estimated $270M added.
- The largest Essex Property Trust seller in Q1 2014 was Cohen & Steers, an estimated $53.8M sold.
Based on aggregated 13F filings for Q1 2014.