Essex Property Trust
524 hedge funds and large institutions have $13B invested in Essex Property Trust in 2023 Q3 according to their latest regulatory filings, with 49 funds opening new positions, 171 increasing their positions, 212 reducing their positions, and 49 closing their positions.
76% more call options, than puts
Call options by funds: $25.7M | Put options by funds: $14.7M
0% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 49
1% less funds holding
Funds holding: 528 → 524 (-4)
1.23% less ownership
Funds ownership: 96.22% → 94.99% (-1.2%)
11% less capital invested
Capital invested by funds: $14.5B → $13B (-$1.52B)
19% less repeat investments, than reductions
Existing positions increased: 171 | Existing positions reduced: 212
86% less funds holding in top 10
Funds holding in top 10: 7 → 1 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$115M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$101M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$50.2M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$48M |
| 5 |
Cohen & Steers
New York
|
+$38.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$210M |
| 2 |
RIM
Rush Island Management
New York
|
-$129M |
| 3 |
PI
PGGM Investments
Zeist,
Netherlands
|
-$65.1M |
| 4 |
WCP
Waterfront Capital Partners
New York
|
-$51.9M |
| 5 |
LIMS
Lasalle Investment Management Securities
Baltimore,
Maryland
|
-$41.2M |
ESS Hedge Fund Activity: Q3 2023 in Review
524 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Essex Property Trust (ESS) for Q3 2023, worth a combined $13B — down 11% from $14.5B a quarter earlier.
Fund positioning in ESS was balanced in Q3 2023: 49 funds opened new positions, 49 closed out, 171 added to existing stakes and 212 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $115M. The largest seller was State Street, cutting an estimated $210M.
- 524 institutional investors held Essex Property Trust (ESS) as of Q3 2023, down from 528 in Q2 2023.
- Funds reported $13B of Essex Property Trust stock for Q3 2023, down 11% quarter-over-quarter.
- 49 funds opened new Essex Property Trust positions in Q3 2023 and 49 closed out, a net change of 0 holders.
- The largest Essex Property Trust buyer in Q3 2023 was Citadel Advisors, an estimated $115M added.
- The largest Essex Property Trust seller in Q3 2023 was State Street, an estimated $210M sold.
Based on aggregated 13F filings for Q3 2023.