Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest

HT

Market cap $403M

HT Hedge Fund Activity: Q3 2013 in Review

170 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest (HT) for Q3 2013, worth a combined $1.08B — up 1.3% from $1.07B a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new HT positions and 18 closed out — a net gain of 1 holder — while 80 added to existing stakes and 45 trimmed.

The largest buyer was Third Avenue Management, opening a new position worth an estimated $35.5M. The largest seller was Capital Growth Management, exiting entirely with an estimated $39M sold.

• 170 institutional investors held Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest (HT) as of Q3 2013, down from 171 in Q2 2013.
• Funds reported $1.08B of Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest stock for Q3 2013, up 1.3% quarter-over-quarter.
• 19 funds opened new Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest positions in Q3 2013 and 18 closed out, a net change of +1 holder.
• The largest Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest buyer in Q3 2013 was Third Avenue Management, an estimated $35.5M added.
• The largest Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest seller in Q3 2013 was Capital Growth Management, an estimated $39M sold.

Based on aggregated 13F filings for Q3 2013.