Four Corners Property Trust
FCPT
247 hedge funds and large institutions have $1.11B invested in Four Corners Property Trust in 2016 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 84 increasing their positions, 83 reducing their positions, and 41 closing their positions.
70% more call options, than puts
Call options by funds: $717K | Put options by funds: $421K
20% more capital invested
Capital invested by funds: $921M → $1.11B (+$186M)
3.45% more ownership
Funds ownership: 86.38% → 89.83% (+3.4%)
1% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 83
4% less funds holding
Funds holding: 258 → 247 (-11)
17% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 41
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential Financial
Newark,
New Jersey
|
+$40.6M |
| 2 |
Millennium Management
New York
|
+$17M |
| 3 |
ACM
Adelante Capital Management
Alameda,
California
|
+$14.5M |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$14.4M |
| 5 |
TA
Teachers Advisors
New York
|
+$14.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ROIC
Route One Investment Company
San Francisco,
California
|
-$51M |
| 2 |
SV
Starboard Value
New York
|
-$43.1M |
| 3 |
ETC
Evercore Trust Company
New York
|
-$25.4M |
| 4 |
Cohen & Steers
New York
|
-$18.7M |
| 5 |
VCM
V3 Capital Management
Dallas,
Texas
|
-$13.7M |
FCPT Hedge Fund Activity: Q2 2016 in Review
247 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Four Corners Property Trust (FCPT) for Q2 2016, worth a combined $1.11B — up 20% from $921M a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of FCPT and 34 opened new positions — a net loss of 7 holders — while 83 trimmed existing stakes and 84 added.
The largest buyer was Prudential Financial, adding an estimated $40.6M. The largest seller was Route One Investment Company, cutting an estimated $51M.
- 247 institutional investors held Four Corners Property Trust (FCPT) as of Q2 2016, down from 258 in Q1 2016.
- Funds reported $1.11B of Four Corners Property Trust stock for Q2 2016, up 20% quarter-over-quarter.
- 34 funds opened new Four Corners Property Trust positions in Q2 2016 and 41 closed out, a net change of -7 holders.
- The largest Four Corners Property Trust buyer in Q2 2016 was Prudential Financial, an estimated $40.6M added.
- The largest Four Corners Property Trust seller in Q2 2016 was Route One Investment Company, an estimated $51M sold.
Based on aggregated 13F filings for Q2 2016.