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Macerich
MAC

366 hedge funds and large institutions have $7.77B invested in Macerich in 2018 Q2 according to their latest regulatory filings, with 61 funds opening new positions, 121 increasing their positions, 130 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

362% more call options, than puts

Call options by funds: $118M | Put options by funds: $25.6M

69% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 36

7% more funds holding

Funds holding: 343 → 366 (+23)

2% more capital invested

Capital invested by funds: $7.62B → $7.77B (+$156M)

0.46% more ownership

Funds ownership: 96.53% → 96.99% (+0.46%)

7% less repeat investments, than reductions

Existing positions increased: 121 | Existing positions reduced: 130

38% less funds holding in top 10

Funds holding in top 10: 13 → 8 (-5)

Holders
366
Holders Change
+23
Holders Change %
+6.71%
% of All Funds
8.38%
Holding in Top 10
8
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-38.46%
% of All Funds
0.18%
New
61
Increased
121
Reduced
130
Closed
36
Calls
$118M
Puts
$25.6M
Net Calls
+$92.6M
Net Calls Change
-$216M

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$163M
2
HSBC Holdings
HSBC Holdings
United Kingdom
+$49.3M
3
CIM
Centersquare Investment Management
Pennsylvania
+$39.4M
4
N
Nuveen
North Carolina
+$37M
5
Millennium Management
Millennium Management
New York
+$34.8M

Top Sellers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
-$98.5M
2
Deutsche Bank
Deutsche Bank
Germany
-$93M
3
Morgan Stanley
Morgan Stanley
New York
-$75.3M
4
SV
Starboard Value
New York
-$71.9M
5
Barclays
Barclays
United Kingdom
-$50.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
SC
26
Sasco Capital
Connecticut
$51.6M +$11.7M +205,550 +29%
UBS AM
27
UBS AM
Illinois
$44.9M -$1.13M -19,965 -2%
SCRM
28
Security Capital Research & Management
Illinois
$44.7M +$2.77M +48,775 +7%
Deutsche Bank
29
Deutsche Bank
Germany
$43.7M -$93M -1,640,093 -68%
CIM
30
Centersquare Investment Management
Pennsylvania
$41.5M +$39.4M +695,164 +1,970%
Goldman Sachs
31
Goldman Sachs
New York
$37.4M -$24.9M -439,084 -40%
HRES
32
Heitman Real Estate Securities
Illinois
$36.3M +$19.6M +345,683 +150%
Victory Capital Management
33
Victory Capital Management
Texas
$35.9M -$1.1M -19,439 -3%
Millennium Management
34
Millennium Management
New York
$35.5M +$34.8M +614,389 +5,624%
GCM
35
Gruss Capital Management
New York
$32.7M +$32.6M +575,000 New
Russell Investments Group
36
Russell Investments Group
United Kingdom
$29M -$16.3M -287,397 -36%
LPC
37
Long Pond Capital
New York
$28.9M +$6.2M +109,300 +27%
CCM
38
Crabel Capital Management
California
$28.6M +$28.6M +504,000 New
UM
39
Ulysses Management
New York
$27.7M +$3.58M +63,042 +15%
Sumitomo Mitsui Trust Group
40
Sumitomo Mitsui Trust Group
Japan
$25.2M +$1.04M +18,332 +4%
Asset Management One
41
Asset Management One
Japan
$25.1M -$328K -5,777 -1%
AFA
42
Alta Fundamental Advisers
New York
$24.6M -$3.42M -60,303 -12%
LBIM
43
Land & Buildings Investment Management
Connecticut
$24.2M -$11.9M -209,465 -33%
Balyasny Asset Management
44
Balyasny Asset Management
Illinois
$23.3M +$22.2M +390,917 +2,110%
Renaissance Technologies
45
Renaissance Technologies
New York
$20.8M +$20.8M +365,883 New
CS
46
Credit Suisse
Switzerland
$20.8M -$4.51M -79,567 -18%
B
47
Barings
North Carolina
$20.7M +$9.16M +161,570 +80%
Swiss National Bank
48
Swiss National Bank
Switzerland
$20.1M -$1.71M -30,200 -8%
ECM
49
Element Capital Management
New York
$19.5M -$18.9M -333,195 -49%
California Public Employees Retirement System
50
California Public Employees Retirement System
California
$19.1M -$2.19M -38,619 -10%
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MAC Hedge Fund Activity: Q2 2018 in Review

366 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Macerich (MAC) for Q2 2018, worth a combined $7.77B — up 2% from $7.62B a quarter earlier.

Buyers outnumbered sellers: 61 funds opened new MAC positions and 36 closed out — a net gain of 25 holders — while 121 added to existing stakes and 130 trimmed.

The largest buyer was Bank of America, adding an estimated $163M. The largest seller was Vanguard Group, cutting an estimated $98.5M.

  • 366 institutional investors held Macerich (MAC) as of Q2 2018, up from 343 in Q1 2018.
  • Funds reported $7.77B of Macerich stock for Q2 2018, up 2% quarter-over-quarter.
  • 61 funds opened new Macerich positions in Q2 2018 and 36 closed out, a net change of +25 holders.
  • The largest Macerich buyer in Q2 2018 was Bank of America, an estimated $163M added.
  • The largest Macerich seller in Q2 2018 was Vanguard Group, an estimated $98.5M sold.

Based on aggregated 13F filings for Q2 2018.