Macerich
347 hedge funds and large institutions have $13.3B invested in Macerich in 2015 Q1 according to their latest regulatory filings, with 66 funds opening new positions, 110 increasing their positions, 129 reducing their positions, and 40 closing their positions.
93% more call options, than puts
Call options by funds: $403M | Put options by funds: $208M
65% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 40
6% more funds holding
Funds holding: 326 → 347 (+21)
2% less capital invested
Capital invested by funds: $13.6B → $13.3B (-$226M)
2.88% less ownership
Funds ownership: 103.11% → 100.22% (-2.9%)
15% less repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 129
56% less funds holding in top 10
Funds holding in top 10: 9 → 4 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$142M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
+$67M |
| 3 |
PI
PGGM Investments
Zeist,
Netherlands
|
+$59.5M |
| 4 |
Cohen & Steers
New York
|
+$58.7M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$57.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIMLRA
CBRE Investment Management Listed Real Assets
Radnor,
Pennsylvania
|
-$226M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$141M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$135M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$119M |
| 5 |
JP Morgan Chase
New York
|
-$104M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
376
Belvedere Trading
Chicago,
Illinois
| – | -$264K | -3,160 | Closed |
|
|
AGM
377
Alpine Global Management
New York
| – | -$257K | -3,076 | Closed |
|
378
Twin Tree Management
Dallas,
Texas
| – | -$110K | -1,320 | Closed |
|
|
EPM
379
Equitec Proprietary Markets
Chicago,
Illinois
| – | -$111K | -1,270 | Closed |
|
|
FFC
380
First Financial Corp
Terre Haute,
Indiana
| – | -$40K | -475 | Closed |
|
|
VFA
381
Virtus Fund Advisers
Hartford,
Connecticut
| – | -$27K | -320 | Closed |
|
|
MFS
382
MSI Financial Services
Springfield,
Massachusetts
| – | -$26K | -309 | Closed |
|
|
IRS
383
Invictus RG (Singapore)
Singapore
| – | -$11K | -135 | Closed |
|
384
Bessemer Group
Woodbridge,
New Jersey
| – | -$10K | -119 | Closed |
|
|
HR
385
Howe & Rusling
Rochester,
New York
| – | -$5K | -54 | Closed |
|
|
RC
386
RegentAtlantic Capital
Morristown,
New Jersey
| – | -$464 | -7 | Closed |
|
|
IPC
387
Independent Portfolio Consultants
Boca Raton,
Florida
| – | +$175 | +2 | New |
|
MAC Hedge Fund Activity: Q1 2015 in Review
347 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Macerich (MAC) for Q1 2015, worth a combined $13.3B — down 1.7% from $13.6B a quarter earlier.
Buyers outnumbered sellers: 66 funds opened new MAC positions and 40 closed out — a net gain of 26 holders — while 110 added to existing stakes and 129 trimmed.
The largest buyer was Vanguard Group, adding an estimated $142M. The largest seller was CBRE Investment Management Listed Real Assets, cutting an estimated $226M.
- 347 institutional investors held Macerich (MAC) as of Q1 2015, up from 326 in Q4 2014.
- Funds reported $13.3B of Macerich stock for Q1 2015, down 1.7% quarter-over-quarter.
- 66 funds opened new Macerich positions in Q1 2015 and 40 closed out, a net change of +26 holders.
- The largest Macerich buyer in Q1 2015 was Vanguard Group, an estimated $142M added.
- The largest Macerich seller in Q1 2015 was CBRE Investment Management Listed Real Assets, an estimated $226M sold.
Based on aggregated 13F filings for Q1 2015.