Macerich
265 hedge funds and large institutions have $721M invested in Macerich in 2020 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 113 increasing their positions, 87 reducing their positions, and 87 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 87
16.9% less ownership
Funds ownership: 107.55% → 90.65% (-17%)
17% less funds holding
Funds holding: 319 → 265 (-54)
59% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 87
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
70% less call options, than puts
Call options by funds: $2.49M | Put options by funds: $8.27M
82% less capital invested
Capital invested by funds: $4.08B → $721M (-$3.36B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Smead Capital Management
Phoenix,
Arizona
|
+$36.4M |
| 2 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$19M |
| 3 |
Renaissance Technologies
New York
|
+$17.5M |
| 4 |
HRES
Heitman Real Estate Securities
Chicago,
Illinois
|
+$16.9M |
| 5 |
RCM
Redwood Capital Management
New York
|
+$10.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$181M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$93.8M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$79.3M |
| 4 |
Morgan Stanley
New York
|
-$57.2M |
| 5 |
AAMU
APG Asset Management US
New York
|
-$52.5M |
MAC Hedge Fund Activity: Q1 2020 in Review
265 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Macerich (MAC) for Q1 2020, worth a combined $721M — down 82% from $4.08B a quarter earlier.
Sellers outnumbered buyers: 87 funds closed out of MAC and 36 opened new positions — a net loss of 51 holders — while 87 trimmed existing stakes and 113 added.
The largest buyer was Smead Capital Management, adding an estimated $36.4M. The largest seller was Cohen & Steers, cutting an estimated $181M.
- 265 institutional investors held Macerich (MAC) as of Q1 2020, down from 319 in Q4 2019.
- Funds reported $721M of Macerich stock for Q1 2020, down 82% quarter-over-quarter.
- 36 funds opened new Macerich positions in Q1 2020 and 87 closed out, a net change of -51 holders.
- The largest Macerich buyer in Q1 2020 was Smead Capital Management, an estimated $36.4M added.
- The largest Macerich seller in Q1 2020 was Cohen & Steers, an estimated $181M sold.
Based on aggregated 13F filings for Q1 2020.