Macy's
631 hedge funds and large institutions have $17B invested in Macy's in 2013 Q4 according to their latest regulatory filings, with 118 funds opening new positions, 191 increasing their positions, 261 reducing their positions, and 48 closing their positions.
146% more first-time investments, than exits
New positions opened: 118 | Existing positions closed: 48
88% more funds holding in top 10
Funds holding in top 10: 8 → 15 (+7)
12% more funds holding
Funds holding: 563 → 631 (+68)
0.41% less ownership
Funds ownership: 86.88% → 86.46% (-0.41%)
14% less call options, than puts
Call options by funds: $235M | Put options by funds: $275M
23% less capital inflows, than outflows
Capital inflows: $1.22B | Capital outflows: $1.59B
27% less repeat investments, than reductions
Existing positions increased: 191 | Existing positions reduced: 261
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
+$181M |
| 2 |
Santa Barbara Asset Management
Los Angeles,
California
|
+$79.5M |
| 3 |
AC
Axon Capital
New York
|
+$74.5M |
| 4 |
Caxton Associates (New York)
New York
|
+$53.7M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
+$48.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fred Alger Management
New York
|
-$74.1M |
| 2 |
Castleark Management
Chicago,
Illinois
|
-$63.4M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$61M |
| 4 |
HMP
HS Management Partners
New York
|
-$57.1M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$48.1M |
M Hedge Fund Activity: Q4 2013 in Review
631 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Macy's (M) for Q4 2013, worth a combined $17B — up 20% from $14.2B a quarter earlier.
Buyers outnumbered sellers: 118 funds opened new M positions and 48 closed out — a net gain of 70 holders — while 191 added to existing stakes and 261 trimmed.
The largest buyer was Cramer Rosenthal McGlynn, opening a new position worth an estimated $181M. The largest seller was Fred Alger Management, cutting an estimated $74.1M.
- 631 institutional investors held Macy's (M) as of Q4 2013, up from 563 in Q3 2013.
- Funds reported $17B of Macy's stock for Q4 2013, up 20% quarter-over-quarter.
- 118 funds opened new Macy's positions in Q4 2013 and 48 closed out, a net change of +70 holders.
- The largest Macy's buyer in Q4 2013 was Cramer Rosenthal McGlynn, an estimated $181M added.
- The largest Macy's seller in Q4 2013 was Fred Alger Management, an estimated $74.1M sold.
Based on aggregated 13F filings for Q4 2013.