Macy's
513 hedge funds and large institutions have $4.4B invested in Macy's in 2019 Q3 according to their latest regulatory filings, with 76 funds opening new positions, 202 increasing their positions, 168 reducing their positions, and 86 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
20% more repeat investments, than reductions
Existing positions increased: 202 | Existing positions reduced: 168
6.97% more ownership
Funds ownership: 84.9% → 91.87% (+7%)
2% less funds holding
Funds holding: 525 → 513 (-12)
12% less first-time investments, than exits
New positions opened: 76 | Existing positions closed: 86
22% less capital invested
Capital invested by funds: $5.63B → $4.4B (-$1.23B)
39% less call options, than puts
Call options by funds: $171M | Put options by funds: $281M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YAM
Yacktman Asset Management
Austin,
Texas
|
+$235M |
| 2 |
BlackRock
New York
|
+$72.5M |
| 3 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
+$53M |
| 4 |
Coatue Management
New York
|
+$43.1M |
| 5 |
Millennium Management
New York
|
+$41.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PP
Prudential plc
London, England,
United Kingdom
|
-$92.7M |
| 2 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
-$36.1M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$35.8M |
| 4 |
D.E. Shaw & Co
New York
|
-$19.2M |
| 5 |
GAM
Goldentree Asset Management
New York
|
-$17.4M |
M Hedge Fund Activity: Q3 2019 in Review
513 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Macy's (M) for Q3 2019, worth a combined $4.4B — down 22% from $5.63B a quarter earlier.
Sellers outnumbered buyers: 86 funds closed out of M and 76 opened new positions — a net loss of 10 holders — while 168 trimmed existing stakes and 202 added.
The largest buyer was Yacktman Asset Management, adding an estimated $235M. The largest seller was Prudential plc, exiting entirely with an estimated $92.7M sold.
- 513 institutional investors held Macy's (M) as of Q3 2019, down from 525 in Q2 2019.
- Funds reported $4.4B of Macy's stock for Q3 2019, down 22% quarter-over-quarter.
- 76 funds opened new Macy's positions in Q3 2019 and 86 closed out, a net change of -10 holders.
- The largest Macy's buyer in Q3 2019 was Yacktman Asset Management, an estimated $235M added.
- The largest Macy's seller in Q3 2019 was Prudential plc, an estimated $92.7M sold.
Based on aggregated 13F filings for Q3 2019.