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Macerich
MAC

326 hedge funds and large institutions have $12.3B invested in Macerich in 2015 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 109 increasing their positions, 144 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,132% more call options, than puts

Call options by funds: $110M | Put options by funds: $8.9M

3% more capital invested

Capital invested by funds: $12B → $12.3B (+$354M)

0.23% less ownership

Funds ownership: 101.98% → 101.75% (-0.23%)

4% less funds holding

Funds holding: 339 → 326 (-13)

13% less funds holding in top 10

Funds holding in top 10: 8 → 7 (-1)

24% less repeat investments, than reductions

Existing positions increased: 109 | Existing positions reduced: 144

26% less first-time investments, than exits

New positions opened: 34 | Existing positions closed: 46

Holders
326
Holders Change
-13
Holders Change %
-3.83%
% of All Funds
9.1%
Holding in Top 10
7
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-12.5%
% of All Funds
0.2%
New
34
Increased
109
Reduced
144
Closed
46
Calls
$110M
Puts
$8.9M
Net Calls
+$101M
Net Calls Change
+$10.4M

Top Buyers

1
Deutsche Bank
Deutsche Bank
Germany
+$118M
2
Cohen & Steers
Cohen & Steers
New York
+$109M
3
JP Morgan Chase
JP Morgan Chase
New York
+$90.7M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$66.4M
5
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$48.2M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$246M
2
State Street
State Street
Massachusetts
-$43.3M
3
Federated Hermes
Federated Hermes
Pennsylvania
-$38.7M
4
Invesco
Invesco
Georgia
-$33.8M
5
SAMC
Shinko Asset Management Company
Japan
-$33.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
ECA
151
Endeavour Capital Advisors
Connecticut
$3.17M – – –
GIBU
152
Gulf International Bank (UK)
United Kingdom
$3.11M – – –
USAA
153
United Services Automobile Association
Texas
$3.08M +$13.2K +171 +0.4%
AAF
154
Andra AP-fonden
Sweden
$3.03M – – –
KBC Group
155
KBC Group
Belgium
$3.01M -$1.1M -14,155 -27%
Zurich Cantonal Bank
156
Zurich Cantonal Bank
Switzerland
$2.96M +$130K +1,679 +5%
MFP
157
Michael F. Price
$2.93M +$2.95M +38,100 New
GEM
158
Global Endowment Management
North Carolina
$2.91M +$2.93M +37,900 New
IRF
159
IBM Retirement Fund
New York
$2.88M -$144K -1,861 -5%
ASRS
160
Arizona State Retirement System
Arizona
$2.83M +$2.85M +36,800 New
HI
161
Honeywell International
North Carolina
$2.82M – – –
Public Sector Pension Investment Board (PSP Investments)
162
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.73M -$3.31M -42,700 -55%
LCM
163
Landscape Capital Management
New Jersey
$2.71M -$240K -3,100 -8%
Public Employees Retirement Association of Colorado
164
Public Employees Retirement Association of Colorado
Colorado
$2.67M -$4.1K -53 -0.2%
Mitsubishi UFJ Asset Management
165
Mitsubishi UFJ Asset Management
Japan
$2.65M -$2.56K -33 -0.1%
ClearBridge Investments
166
ClearBridge Investments
New York
$2.64M – – –
HIMCH
167
Hartford Investment Management Co (HIMCO)
Connecticut
$2.62M -$87.2K -1,127 -3%
URS
168
Utah Retirement Systems
Utah
$2.61M -$7.74K -100 -0.3%
IG
169
ING Group
Netherlands
$2.58M -$2.43M -31,350 -48%
RCM
170
Riverhead Capital Management
Delaware
$2.56M -$2.09M -26,940 -45%
PDN
171
Pensionfund DSM Netherlands
Netherlands
$2.46M – – –
PAM
172
Panagora Asset Management
Massachusetts
$2.45M +$1.3M +16,740 +111%
AWCI
173
Alpine Woods Capital Investors
New York
$2.38M – – –
EIM
174
ExxonMobil Investment Management
Texas
$2.37M -$29.1K -376 -1%
Bank of Montreal
175
Bank of Montreal
Ontario, Canada
$2.29M -$7.06M -91,254 -75%
5 6
7
8 9

MAC Hedge Fund Activity: Q3 2015 in Review

326 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Macerich (MAC) for Q3 2015, worth a combined $12.3B — up 3% from $12B a quarter earlier.

Sellers outnumbered buyers: 46 funds closed out of MAC and 34 opened new positions — a net loss of 12 holders — while 144 trimmed existing stakes and 109 added.

The largest buyer was Deutsche Bank, adding an estimated $118M. The largest seller was Morgan Stanley, cutting an estimated $246M.

  • 326 institutional investors held Macerich (MAC) as of Q3 2015, down from 339 in Q2 2015.
  • Funds reported $12.3B of Macerich stock for Q3 2015, up 3% quarter-over-quarter.
  • 34 funds opened new Macerich positions in Q3 2015 and 46 closed out, a net change of -12 holders.
  • The largest Macerich buyer in Q3 2015 was Deutsche Bank, an estimated $118M added.
  • The largest Macerich seller in Q3 2015 was Morgan Stanley, an estimated $246M sold.

Based on aggregated 13F filings for Q3 2015.