Mid-America Apartment Communities
279 hedge funds and large institutions have $4.92B invested in Mid-America Apartment Communities in 2014 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 108 increasing their positions, 107 reducing their positions, and 28 closing their positions.
16% more capital invested
Capital invested by funds: $4.25B → $4.92B (+$673M)
2.64% more ownership
Funds ownership: 93.36% → 96% (+2.6%)
1% more repeat investments, than reductions
Existing positions increased: 108 | Existing positions reduced: 107
3% less funds holding
Funds holding: 287 → 279 (-8)
14% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 28
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
43% less call options, than puts
Call options by funds: $3.44M | Put options by funds: $6.07M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$96.4M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$46.2M |
| 3 |
Morgan Stanley
New York
|
+$36.5M |
| 4 |
SMDAM
Sumitomo Mitsui DS Asset Management
Tokyo,
Japan
|
+$33.7M |
| 5 |
BNP Paribas Asset Management
Paris,
France
|
+$33.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$63.5M |
| 2 |
RIM
Rainier Investment Management
Seattle,
Washington
|
-$41M |
| 3 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
-$20.6M |
| 4 |
PS
Presima Securities
Montreal,
Quebec, Canada
|
-$18.9M |
| 5 |
PFO
Pathstone Family Office
Englewood,
New Jersey
|
-$17.2M |
MAA Hedge Fund Activity: Q1 2014 in Review
279 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Mid-America Apartment Communities (MAA) for Q1 2014, worth a combined $4.92B — up 16% from $4.25B a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of MAA and 24 opened new positions — a net loss of 4 holders — while 107 trimmed existing stakes and 108 added.
The largest buyer was JP Morgan Chase, adding an estimated $96.4M. The largest seller was Cohen & Steers, exiting entirely with an estimated $63.5M sold.
- 279 institutional investors held Mid-America Apartment Communities (MAA) as of Q1 2014, down from 287 in Q4 2013.
- Funds reported $4.92B of Mid-America Apartment Communities stock for Q1 2014, up 16% quarter-over-quarter.
- 24 funds opened new Mid-America Apartment Communities positions in Q1 2014 and 28 closed out, a net change of -4 holders.
- The largest Mid-America Apartment Communities buyer in Q1 2014 was JP Morgan Chase, an estimated $96.4M added.
- The largest Mid-America Apartment Communities seller in Q1 2014 was Cohen & Steers, an estimated $63.5M sold.
Based on aggregated 13F filings for Q1 2014.