Macy's
563 hedge funds and large institutions have $14.1B invested in Macy's in 2013 Q3 according to their latest regulatory filings, with 75 funds opening new positions, 206 increasing their positions, 209 reducing their positions, and 53 closing their positions.
42% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 53
12% more call options, than puts
Call options by funds: $218M | Put options by funds: $195M
3% more funds holding
Funds holding: 546 → 563 (+17)
1.11% more ownership
Funds ownership: 85.68% → 86.79% (+1.1%)
1% less repeat investments, than reductions
Existing positions increased: 206 | Existing positions reduced: 209
10% less capital invested
Capital invested by funds: $15.7B → $14.1B (-$1.63B)
43% less funds holding in top 10
Funds holding in top 10: 14 → 8 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
+$120M |
| 2 |
AC
Axon Capital
New York
|
+$75.9M |
| 3 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$70.4M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
+$67.5M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$61.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Maverick Capital
Dallas,
Texas
|
-$234M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$164M |
| 3 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$107M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$79.4M |
| 5 |
SCM
Scopia Capital Management
New York
|
-$71.6M |
M Hedge Fund Activity: Q3 2013 in Review
563 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Macy's (M) for Q3 2013, worth a combined $14.1B — down 10% from $15.7B a quarter earlier.
Buyers outnumbered sellers: 75 funds opened new M positions and 53 closed out — a net gain of 22 holders — while 206 added to existing stakes and 209 trimmed.
The largest buyer was Fred Alger Management, adding an estimated $120M. The largest seller was Maverick Capital, exiting entirely with an estimated $234M sold.
- 563 institutional investors held Macy's (M) as of Q3 2013, up from 546 in Q2 2013.
- Funds reported $14.1B of Macy's stock for Q3 2013, down 10% quarter-over-quarter.
- 75 funds opened new Macy's positions in Q3 2013 and 53 closed out, a net change of +22 holders.
- The largest Macy's buyer in Q3 2013 was Fred Alger Management, an estimated $120M added.
- The largest Macy's seller in Q3 2013 was Maverick Capital, an estimated $234M sold.
Based on aggregated 13F filings for Q3 2013.