Mid-America Apartment Communities
MAA
287 hedge funds and large institutions have $4.24B invested in Mid-America Apartment Communities in 2013 Q4 according to their latest regulatory filings, with 73 funds opening new positions, 153 increasing their positions, 52 reducing their positions, and 32 closing their positions.
194% more repeat investments, than reductions
Existing positions increased: 153 | Existing positions reduced: 52
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
128% more first-time investments, than exits
New positions opened: 73 | Existing positions closed: 32
41% more capital invested
Capital invested by funds: $3.02B → $4.24B (+$1.22B)
16% more funds holding
Funds holding: 248 → 287 (+39)
19.6% less ownership
Funds ownership: 112.97% → 93.36% (-20%)
80% less call options, than puts
Call options by funds: $1.29M | Put options by funds: $6.41M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$249M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$116M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$108M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$94.9M |
| 5 |
State Street
Boston,
Massachusetts
|
+$91.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI Investments Inc
Toronto,
Ontario, Canada
|
-$63.8M |
| 2 |
O
OppenheimerFunds
New York
|
-$34.9M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$14.4M |
| 4 |
Two Sigma Advisers
New York
|
-$14.4M |
| 5 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
-$6.45M |
MAA Hedge Fund Activity: Q4 2013 in Review
287 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Mid-America Apartment Communities (MAA) for Q4 2013, worth a combined $4.24B — up 41% from $3.02B a quarter earlier.
Buyers outnumbered sellers: 73 funds opened new MAA positions and 32 closed out — a net gain of 41 holders — while 153 added to existing stakes and 52 trimmed.
The largest buyer was Vanguard Group, adding an estimated $249M. The largest seller was CI Investments Inc, exiting entirely with an estimated $63.8M sold.
- 287 institutional investors held Mid-America Apartment Communities (MAA) as of Q4 2013, up from 248 in Q3 2013.
- Funds reported $4.24B of Mid-America Apartment Communities stock for Q4 2013, up 41% quarter-over-quarter.
- 73 funds opened new Mid-America Apartment Communities positions in Q4 2013 and 32 closed out, a net change of +41 holders.
- The largest Mid-America Apartment Communities buyer in Q4 2013 was Vanguard Group, an estimated $249M added.
- The largest Mid-America Apartment Communities seller in Q4 2013 was CI Investments Inc, an estimated $63.8M sold.
Based on aggregated 13F filings for Q4 2013.