Essex Property Trust
530 hedge funds and large institutions have $12.9B invested in Essex Property Trust in 2023 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 215 increasing their positions, 182 reducing their positions, and 48 closing their positions.
25% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 48
18% more repeat investments, than reductions
Existing positions increased: 215 | Existing positions reduced: 182
4.11% more ownership
Funds ownership: 91.78% → 95.88% (+4.1%)
9% more call options, than puts
Call options by funds: $25.5M | Put options by funds: $23.3M
3% more capital invested
Capital invested by funds: $12.6B → $12.9B (+$334M)
1% more funds holding
Funds holding: 527 → 530 (+3)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$248M |
| 2 |
State Street
Boston,
Massachusetts
|
+$193M |
| 3 |
RIM
Rush Island Management
New York
|
+$114M |
| 4 |
RC
Resolution Capital
Sydney, NSW,
Australia
|
+$89.5M |
| 5 |
HRES
Heitman Real Estate Securities
Chicago,
Illinois
|
+$58.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$166M |
| 2 |
BlackRock
New York
|
-$139M |
| 3 |
Renaissance Technologies
New York
|
-$48.7M |
| 4 |
Nuveen
Charlotte,
North Carolina
|
-$38.8M |
| 5 |
Goldman Sachs
New York
|
-$32M |
ESS Hedge Fund Activity: Q1 2023 in Review
530 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Essex Property Trust (ESS) for Q1 2023, worth a combined $12.9B — up 2.7% from $12.6B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new ESS positions and 48 closed out — a net gain of 12 holders — while 215 added to existing stakes and 182 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $248M. The largest seller was Millennium Management, cutting an estimated $166M.
- 530 institutional investors held Essex Property Trust (ESS) as of Q1 2023, up from 527 in Q4 2022.
- Funds reported $12.9B of Essex Property Trust stock for Q1 2023, up 2.7% quarter-over-quarter.
- 60 funds opened new Essex Property Trust positions in Q1 2023 and 48 closed out, a net change of +12 holders.
- The largest Essex Property Trust buyer in Q1 2023 was Fidelity Investments, an estimated $248M added.
- The largest Essex Property Trust seller in Q1 2023 was Millennium Management, an estimated $166M sold.
Based on aggregated 13F filings for Q1 2023.