Macerich
316 hedge funds and large institutions have $8.73B invested in Macerich in 2017 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 122 increasing their positions, 124 reducing their positions, and 51 closing their positions.
95% more call options, than puts
Call options by funds: $30.9M | Put options by funds: $15.8M
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
2.14% more ownership
Funds ownership: 92.1% → 94.24% (+2.1%)
2% less repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 124
7% less capital invested
Capital invested by funds: $9.38B → $8.73B (-$649M)
8% less funds holding
Funds holding: 345 → 316 (-29)
39% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 51
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$796M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$198M |
| 3 |
Morgan Stanley
New York
|
+$194M |
| 4 |
LPC
Long Pond Capital
New York
|
+$150M |
| 5 |
SCRM
Security Capital Research & Management
Chicago,
Illinois
|
+$94.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$170M |
| 2 |
Bank of New York Mellon
New York
|
-$48.7M |
| 3 |
JP Morgan Chase
New York
|
-$47.4M |
| 4 |
Renaissance Technologies
New York
|
-$38.2M |
| 5 |
Los Angeles Capital Management
Los Angeles,
California
|
-$31.8M |
MAC Hedge Fund Activity: Q1 2017 in Review
316 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Macerich (MAC) for Q1 2017, worth a combined $8.73B — down 6.9% from $9.38B a quarter earlier.
Sellers outnumbered buyers: 51 funds closed out of MAC and 31 opened new positions — a net loss of 20 holders — while 124 trimmed existing stakes and 122 added.
The largest buyer was BlackRock, adding an estimated $796M. The largest seller was Fidelity Investments, cutting an estimated $170M.
- 316 institutional investors held Macerich (MAC) as of Q1 2017, down from 345 in Q4 2016.
- Funds reported $8.73B of Macerich stock for Q1 2017, down 6.9% quarter-over-quarter.
- 31 funds opened new Macerich positions in Q1 2017 and 51 closed out, a net change of -20 holders.
- The largest Macerich buyer in Q1 2017 was BlackRock, an estimated $796M added.
- The largest Macerich seller in Q1 2017 was Fidelity Investments, an estimated $170M sold.
Based on aggregated 13F filings for Q1 2017.