Macy's
564 hedge funds and large institutions have $7.72B invested in Macy's in 2017 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 197 increasing their positions, 235 reducing their positions, and 132 closing their positions.
0.7% less ownership
Funds ownership: 86.42% → 85.73% (-0.7%)
13% less funds holding
Funds holding: 645 → 564 (-81)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
16% less repeat investments, than reductions
Existing positions increased: 197 | Existing positions reduced: 235
18% less capital invested
Capital invested by funds: $9.47B → $7.72B (-$1.75B)
20% less call options, than puts
Call options by funds: $285M | Put options by funds: $356M
53% less first-time investments, than exits
New positions opened: 62 | Existing positions closed: 132
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$727M |
| 2 |
JP Morgan Chase
New York
|
+$178M |
| 3 |
CC
Carlson Capital
Dallas,
Texas
|
+$99.6M |
| 4 |
LCS
Levin Capital Strategies
New York
|
+$76.1M |
| 5 |
PP
Prudential plc
London, England,
United Kingdom
|
+$50.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SV
Starboard Value
New York
|
-$108M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$86.5M |
| 3 |
Renaissance Technologies
New York
|
-$73.9M |
| 4 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$66.4M |
| 5 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
-$46M |
M Hedge Fund Activity: Q1 2017 in Review
564 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Macy's (M) for Q1 2017, worth a combined $7.72B — down 18% from $9.47B a quarter earlier.
Sellers outnumbered buyers: 132 funds closed out of M and 62 opened new positions — a net loss of 70 holders — while 235 trimmed existing stakes and 197 added.
The largest buyer was BlackRock, adding an estimated $727M. The largest seller was Starboard Value, exiting entirely with an estimated $108M sold.
- 564 institutional investors held Macy's (M) as of Q1 2017, down from 645 in Q4 2016.
- Funds reported $7.72B of Macy's stock for Q1 2017, down 18% quarter-over-quarter.
- 62 funds opened new Macy's positions in Q1 2017 and 132 closed out, a net change of -70 holders.
- The largest Macy's buyer in Q1 2017 was BlackRock, an estimated $727M added.
- The largest Macy's seller in Q1 2017 was Starboard Value, an estimated $108M sold.
Based on aggregated 13F filings for Q1 2017.