Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest

HT

Market cap $403M

HT Hedge Fund Activity: Q1 2019 in Review

173 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest (HT) for Q1 2019, worth a combined $663M — down 4.5% from $694M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of HT and 27 opened new positions — a net loss of 1 holder — while 54 trimmed existing stakes and 59 added.

The largest buyer was Grantham, Mayo, Van Otterloo & Co (GMO), adding an estimated $14.6M. The largest seller was Intrinsic Edge Capital Management, exiting entirely with an estimated $14.5M sold.

• 173 institutional investors held Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest (HT) as of Q1 2019, down from 176 in Q4 2018.
• Funds reported $663M of Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest stock for Q1 2019, down 4.5% quarter-over-quarter.
• 27 funds opened new Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest positions in Q1 2019 and 28 closed out, a net change of -1 holder.
• The largest Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest buyer in Q1 2019 was Grantham, Mayo, Van Otterloo & Co (GMO), an estimated $14.6M added.
• The largest Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest seller in Q1 2019 was Intrinsic Edge Capital Management, an estimated $14.5M sold.

Based on aggregated 13F filings for Q1 2019.