Macerich
343 hedge funds and large institutions have $7.62B invested in Macerich in 2018 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 117 increasing their positions, 133 reducing their positions, and 46 closing their positions.
941% more call options, than puts
Call options by funds: $341M | Put options by funds: $32.7M
8% more funds holding in top 10
Funds holding in top 10: 12 → 13 (+1)
3.65% less ownership
Funds ownership: 100.18% → 96.53% (-3.7%)
4% less funds holding
Funds holding: 358 → 343 (-15)
12% less repeat investments, than reductions
Existing positions increased: 117 | Existing positions reduced: 133
16% less capital invested
Capital invested by funds: $9.06B → $7.62B (-$1.44B)
28% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 46
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$125M |
| 2 |
SV
Starboard Value
New York
|
+$111M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$78M |
| 4 |
Morgan Stanley
New York
|
+$43.4M |
| 5 |
CIMLRA
CBRE Investment Management Listed Real Assets
Radnor,
Pennsylvania
|
+$36.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$133M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$93.7M |
| 3 |
TP
Third Point
New York
|
-$93.6M |
| 4 |
Parallax Volatility Advisers
San Francisco,
California
|
-$78.8M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$64.6M |
MAC Hedge Fund Activity: Q1 2018 in Review
343 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Macerich (MAC) for Q1 2018, worth a combined $7.62B — down 16% from $9.06B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of MAC and 33 opened new positions — a net loss of 13 holders — while 133 trimmed existing stakes and 117 added.
The largest buyer was Fidelity Investments, adding an estimated $125M. The largest seller was Invesco, cutting an estimated $133M.
- 343 institutional investors held Macerich (MAC) as of Q1 2018, down from 358 in Q4 2017.
- Funds reported $7.62B of Macerich stock for Q1 2018, down 16% quarter-over-quarter.
- 33 funds opened new Macerich positions in Q1 2018 and 46 closed out, a net change of -13 holders.
- The largest Macerich buyer in Q1 2018 was Fidelity Investments, an estimated $125M added.
- The largest Macerich seller in Q1 2018 was Invesco, an estimated $133M sold.
Based on aggregated 13F filings for Q1 2018.