Mid-America Apartment Communities
248 hedge funds and large institutions have $2.97B invested in Mid-America Apartment Communities in 2013 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 106 increasing their positions, 84 reducing their positions, and 30 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 84
6.51% more ownership
Funds ownership: 104.7% → 111.21% (+6.5%)
2% less capital invested
Capital invested by funds: $3.02B → $2.97B (-$55.1M)
5% less call options, than puts
Call options by funds: $4.49M | Put options by funds: $4.7M
3% less funds holding
Funds holding: 256 → 248 (-8)
20% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 30
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$82.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$67.2M |
| 3 |
HRES
Heitman Real Estate Securities
Chicago,
Illinois
|
+$31.4M |
| 4 |
SB
Suntrust Banks
Atlanta,
Georgia
|
+$25.7M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$21.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
-$49.6M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$37.9M |
| 3 |
Two Sigma Investments
New York
|
-$20M |
| 4 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
-$10.9M |
| 5 |
Two Sigma Advisers
New York
|
-$10.2M |
MAA Hedge Fund Activity: Q3 2013 in Review
248 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Mid-America Apartment Communities (MAA) for Q3 2013, worth a combined $2.97B — down 1.8% from $3.02B a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of MAA and 24 opened new positions — a net loss of 6 holders — while 84 trimmed existing stakes and 106 added.
The largest buyer was Brookfield Corp, adding an estimated $82.2M. The largest seller was Perkins Investment Management, exiting entirely with an estimated $49.6M sold.
- 248 institutional investors held Mid-America Apartment Communities (MAA) as of Q3 2013, down from 256 in Q2 2013.
- Funds reported $2.97B of Mid-America Apartment Communities stock for Q3 2013, down 1.8% quarter-over-quarter.
- 24 funds opened new Mid-America Apartment Communities positions in Q3 2013 and 30 closed out, a net change of -6 holders.
- The largest Mid-America Apartment Communities buyer in Q3 2013 was Brookfield Corp, an estimated $82.2M added.
- The largest Mid-America Apartment Communities seller in Q3 2013 was Perkins Investment Management, an estimated $49.6M sold.
Based on aggregated 13F filings for Q3 2013.