Four Corners Property Trust
FCPT
258 hedge funds and large institutions have $921M invested in Four Corners Property Trust in 2016 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 92 increasing their positions, 124 reducing their positions, and 45 closing their positions.
13% more call options, than puts
Call options by funds: $306K | Put options by funds: $270K
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
3% less funds holding
Funds holding: 266 → 258 (-8)
15% less capital invested
Capital invested by funds: $1.09B → $921M (-$166M)
16% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 45
26% less repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 124
32.43% less ownership
Funds ownership: 118.81% → 86.38% (-32%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$62.8M |
| 2 |
Cohen & Steers
New York
|
+$37.2M |
| 3 |
O
OppenheimerFunds
New York
|
+$16.9M |
| 4 |
Westfield Capital Management
Boston,
Massachusetts
|
+$11.2M |
| 5 |
Daiwa Securities Group
Tokyo,
Japan
|
+$11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SV
Starboard Value
New York
|
-$47.8M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$24.5M |
| 3 |
ESCM
Echo Street Capital Management
New York
|
-$12.2M |
| 4 |
Citigroup
New York
|
-$11.4M |
| 5 |
Morgan Stanley
New York
|
-$10.2M |
FCPT Hedge Fund Activity: Q1 2016 in Review
258 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Four Corners Property Trust (FCPT) for Q1 2016, worth a combined $921M — down 15% from $1.09B a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of FCPT and 38 opened new positions — a net loss of 7 holders — while 124 trimmed existing stakes and 92 added.
The largest buyer was Vanguard Group, adding an estimated $62.8M. The largest seller was Starboard Value, cutting an estimated $47.8M.
- 258 institutional investors held Four Corners Property Trust (FCPT) as of Q1 2016, down from 266 in Q4 2015.
- Funds reported $921M of Four Corners Property Trust stock for Q1 2016, down 15% quarter-over-quarter.
- 38 funds opened new Four Corners Property Trust positions in Q1 2016 and 45 closed out, a net change of -7 holders.
- The largest Four Corners Property Trust buyer in Q1 2016 was Vanguard Group, an estimated $62.8M added.
- The largest Four Corners Property Trust seller in Q1 2016 was Starboard Value, an estimated $47.8M sold.
Based on aggregated 13F filings for Q1 2016.