Essex Property Trust
452 hedge funds and large institutions have $16B invested in Essex Property Trust in 2018 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 146 increasing their positions, 174 reducing their positions, and 46 closing their positions.
4% more capital invested
Capital invested by funds: $15.4B → $16B (+$610M)
0.72% more ownership
Funds ownership: 97.34% → 98.06% (+0.72%)
2% less funds holding
Funds holding: 463 → 452 (-11)
10% less funds holding in top 10
Funds holding in top 10: 10 → 9 (-1)
15% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 46
16% less repeat investments, than reductions
Existing positions increased: 146 | Existing positions reduced: 174
42% less call options, than puts
Call options by funds: $27M | Put options by funds: $46.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$246M |
| 2 |
Daiwa Securities Group
Tokyo,
Japan
|
+$99.1M |
| 3 |
JP Morgan Chase
New York
|
+$93M |
| 4 |
ACM
AEW Capital Management
Boston,
Massachusetts
|
+$57.3M |
| 5 |
HRES
Heitman Real Estate Securities
Chicago,
Illinois
|
+$47.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIMLRA
CBRE Investment Management Listed Real Assets
Radnor,
Pennsylvania
|
-$188M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
-$70M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$55.8M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$54.5M |
| 5 |
B
Barings
Charlotte,
North Carolina
|
-$41.3M |
ESS Hedge Fund Activity: Q3 2018 in Review
452 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Essex Property Trust (ESS) for Q3 2018, worth a combined $16B — up 4% from $15.4B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of ESS and 39 opened new positions — a net loss of 7 holders — while 174 trimmed existing stakes and 146 added.
The largest buyer was Cohen & Steers, adding an estimated $246M. The largest seller was CBRE Investment Management Listed Real Assets, cutting an estimated $188M.
- 452 institutional investors held Essex Property Trust (ESS) as of Q3 2018, down from 463 in Q2 2018.
- Funds reported $16B of Essex Property Trust stock for Q3 2018, up 4% quarter-over-quarter.
- 39 funds opened new Essex Property Trust positions in Q3 2018 and 46 closed out, a net change of -7 holders.
- The largest Essex Property Trust buyer in Q3 2018 was Cohen & Steers, an estimated $246M added.
- The largest Essex Property Trust seller in Q3 2018 was CBRE Investment Management Listed Real Assets, an estimated $188M sold.
Based on aggregated 13F filings for Q3 2018.