Macerich
291 hedge funds and large institutions have $10.2B invested in Macerich in 2014 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 104 increasing their positions, 122 reducing their positions, and 28 closing their positions.
910% more call options, than puts
Call options by funds: $42.1M | Put options by funds: $4.16M
12% more capital invested
Capital invested by funds: $9.09B → $10.2B (+$1.09B)
4.69% more ownership
Funds ownership: 103.76% → 108.45% (+4.7%)
4% less funds holding
Funds holding: 303 → 291 (-12)
15% less repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 122
36% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 28
50% less funds holding in top 10
Funds holding in top 10: 8 → 4 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$379M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$164M |
| 3 |
Cohen & Steers
New York
|
+$44.8M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$38.6M |
| 5 |
TG
TCW Group
Los Angeles,
California
|
+$24.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRES
Heitman Real Estate Securities
Chicago,
Illinois
|
-$63.1M |
| 2 |
CBOA
Commonwealth Bank of Australia
Sydney, NSW,
Australia
|
-$49.7M |
| 3 |
Bank of New York Mellon
New York
|
-$32.1M |
| 4 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$22.1M |
| 5 |
CIMLRA
CBRE Investment Management Listed Real Assets
Radnor,
Pennsylvania
|
-$18.7M |
MAC Hedge Fund Activity: Q2 2014 in Review
291 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Macerich (MAC) for Q2 2014, worth a combined $10.2B — up 12% from $9.09B a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of MAC and 18 opened new positions — a net loss of 10 holders — while 122 trimmed existing stakes and 104 added.
The largest buyer was Norges Bank, adding an estimated $379M. The largest seller was Heitman Real Estate Securities, cutting an estimated $63.1M.
- 291 institutional investors held Macerich (MAC) as of Q2 2014, down from 303 in Q1 2014.
- Funds reported $10.2B of Macerich stock for Q2 2014, up 12% quarter-over-quarter.
- 18 funds opened new Macerich positions in Q2 2014 and 28 closed out, a net change of -10 holders.
- The largest Macerich buyer in Q2 2014 was Norges Bank, an estimated $379M added.
- The largest Macerich seller in Q2 2014 was Heitman Real Estate Securities, an estimated $63.1M sold.
Based on aggregated 13F filings for Q2 2014.