Macy's
602 hedge funds and large institutions have $6.69B invested in Macy's in 2017 Q4 according to their latest regulatory filings, with 138 funds opening new positions, 171 increasing their positions, 213 reducing their positions, and 68 closing their positions.
103% more first-time investments, than exits
New positions opened: 138 | Existing positions closed: 68
38% more funds holding in top 10
Funds holding in top 10: 8 → 11 (+3)
21% more capital invested
Capital invested by funds: $5.54B → $6.69B (+$1.15B)
12% more funds holding
Funds holding: 536 → 602 (+66)
3.97% more ownership
Funds ownership: 83.33% → 87.3% (+4%)
20% less repeat investments, than reductions
Existing positions increased: 171 | Existing positions reduced: 213
62% less call options, than puts
Call options by funds: $350M | Put options by funds: $911M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIG
American International Group
New York
|
+$261M |
| 2 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
+$100M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$79.4M |
| 4 |
Bank of New York Mellon
New York
|
+$51.1M |
| 5 |
ECM
Element Capital Management
New York
|
+$46.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential Financial
Newark,
New Jersey
|
-$77.3M |
| 2 |
Morgan Stanley
New York
|
-$59.1M |
| 3 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$52M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$50.1M |
| 5 |
APG Asset Management
Amsterdam,
Netherlands
|
-$31.4M |
M Hedge Fund Activity: Q4 2017 in Review
602 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Macy's (M) for Q4 2017, worth a combined $6.69B — up 21% from $5.54B a quarter earlier.
Buyers outnumbered sellers: 138 funds opened new M positions and 68 closed out — a net gain of 70 holders — while 171 added to existing stakes and 213 trimmed.
The largest buyer was American International Group, adding an estimated $261M. The largest seller was Prudential Financial, cutting an estimated $77.3M.
- 602 institutional investors held Macy's (M) as of Q4 2017, up from 536 in Q3 2017.
- Funds reported $6.69B of Macy's stock for Q4 2017, up 21% quarter-over-quarter.
- 138 funds opened new Macy's positions in Q4 2017 and 68 closed out, a net change of +70 holders.
- The largest Macy's buyer in Q4 2017 was American International Group, an estimated $261M added.
- The largest Macy's seller in Q4 2017 was Prudential Financial, an estimated $77.3M sold.
Based on aggregated 13F filings for Q4 2017.