Macerich
320 hedge funds and large institutions have $5B invested in Macerich in 2019 Q3 according to their latest regulatory filings, with 41 funds opening new positions, 139 increasing their positions, 100 reducing their positions, and 36 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 139 | Existing positions reduced: 100
14% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 36
3.57% more ownership
Funds ownership: 108.62% → 112.2% (+3.6%)
1% more funds holding
Funds holding: 317 → 320 (+3)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
3% less capital invested
Capital invested by funds: $5.13B → $5B (-$130M)
49% less call options, than puts
Call options by funds: $47.4M | Put options by funds: $93M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$194M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$89.8M |
| 3 |
SCM
Smead Capital Management
Phoenix,
Arizona
|
+$61.7M |
| 4 |
Daiwa Securities Group
Tokyo,
Japan
|
+$25.8M |
| 5 |
HS
Hazelview Securities
Toronto,
Ontario, Canada
|
+$20.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$43.3M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$39.1M |
| 3 |
Morgan Stanley
New York
|
-$27.1M |
| 4 |
Two Sigma Investments
New York
|
-$25.3M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$24.1M |
MAC Hedge Fund Activity: Q3 2019 in Review
320 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Macerich (MAC) for Q3 2019, worth a combined $5B — down 2.5% from $5.13B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new MAC positions and 36 closed out — a net gain of 5 holders — while 139 added to existing stakes and 100 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $194M. The largest seller was Renaissance Technologies, cutting an estimated $43.3M.
- 320 institutional investors held Macerich (MAC) as of Q3 2019, up from 317 in Q2 2019.
- Funds reported $5B of Macerich stock for Q3 2019, down 2.5% quarter-over-quarter.
- 41 funds opened new Macerich positions in Q3 2019 and 36 closed out, a net change of +5 holders.
- The largest Macerich buyer in Q3 2019 was Cohen & Steers, an estimated $194M added.
- The largest Macerich seller in Q3 2019 was Renaissance Technologies, an estimated $43.3M sold.
Based on aggregated 13F filings for Q3 2019.