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Macerich

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: 339326 (-13)

13% less funds holding in top 10

Funds holding in top 10: 87 (-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
Name Holding Trade Value Shares
Change
Change in
Stake
OTPPB
1
Ontario Teachers' Pension Plan Board
Ontario, Canada
$1.79B
Vanguard Group
2
Vanguard Group
Pennsylvania
$1.7B +$4.37M +56,482 +0.3%
Cohen & Steers
3
Cohen & Steers
New York
$810M +$109M +1,405,027 +15%
State Street
4
State Street
Massachusetts
$612M -$43.3M -559,379 -7%
T. Rowe Price Associates
5
T. Rowe Price Associates
Maryland
$459M +$48.2M +622,573 +12%
Norges Bank
6
Norges Bank
Norway
$434M +$9.58M +123,709 +2%
BIT
7
BlackRock Institutional Trust
California
$415M -$12.4M -159,700 -3%
Fidelity Investments
8
Fidelity Investments
Massachusetts
$414M +$66.4M +857,290 +19%
Morgan Stanley
9
Morgan Stanley
New York
$411M -$246M -3,177,080 -37%
BFA
10
BlackRock Fund Advisors
California
$301M -$11.4M -147,246 -4%
Deutsche Bank
11
Deutsche Bank
Germany
$297M +$118M +1,529,412 +66%
Daiwa Securities Group
12
Daiwa Securities Group
Japan
$269M +$19.4M +250,684 +8%
Invesco
13
Invesco
Georgia
$228M -$33.8M -437,080 -13%
SAMC
14
Shinko Asset Management Company
Japan
$214M -$33.5M -432,195 -13%
JP Morgan Chase
15
JP Morgan Chase
New York
$172M +$90.7M +1,171,777 +109%
Northern Trust
16
Northern Trust
Illinois
$161M -$15.5M -200,863 -9%
BG
17
BlackRock Group
United Kingdom
$152M -$2.03M -26,241 -1%
TAM
18
Third Avenue Management
New York
$150M +$18.4M +237,200 +14%
Dimensional Fund Advisors
19
Dimensional Fund Advisors
Texas
$148M -$3.28M -42,358 -2%
SCRM
20
Security Capital Research & Management
Illinois
$124M +$12.7M +163,828 +11%
Victory Capital Management
21
Victory Capital Management
Texas
$118M +$1.19M +15,398 +1%
PI
22
PGGM Investments
Netherlands
$117M -$2.83M -36,599 -2%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$110M -$3.51M -45,321 -3%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$109M +$1.3M +16,821 +1%
CIMLRA
25
CBRE Investment Management Listed Real Assets
Pennsylvania
$94.1M -$1.38M -17,804 -1%

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.