Macerich
331 hedge funds and large institutions have $5.95B invested in Macerich in 2018 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 107 increasing their positions, 136 reducing their positions, and 66 closing their positions.
1,445% more call options, than puts
Call options by funds: $79.4M | Put options by funds: $5.14M
38% more funds holding in top 10
Funds holding in top 10: 8 → 11 (+3)
0.16% less ownership
Funds ownership: 97.87% → 97.71% (-0.16%)
8% less funds holding
Funds holding: 360 → 331 (-29)
21% less repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 136
22% less capital invested
Capital invested by funds: $7.64B → $5.95B (-$1.69B)
38% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$131M |
| 2 |
Daiwa Securities Group
Tokyo,
Japan
|
+$92.6M |
| 3 |
Morgan Stanley
New York
|
+$58.1M |
| 4 |
LIMS
Lasalle Investment Management Securities
Baltimore,
Maryland
|
+$55.1M |
| 5 |
PS
Presima Securities
Montreal,
Quebec, Canada
|
+$47.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIMLRA
CBRE Investment Management Listed Real Assets
Radnor,
Pennsylvania
|
-$157M |
| 2 |
HSBC Holdings
London,
United Kingdom
|
-$106M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$69.2M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$45.3M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$32.5M |
MAC Hedge Fund Activity: Q4 2018 in Review
331 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Macerich (MAC) for Q4 2018, worth a combined $5.95B — down 22% from $7.64B a quarter earlier.
Sellers outnumbered buyers: 66 funds closed out of MAC and 41 opened new positions — a net loss of 25 holders — while 136 trimmed existing stakes and 107 added.
The largest buyer was Cohen & Steers, adding an estimated $131M. The largest seller was CBRE Investment Management Listed Real Assets, exiting entirely with an estimated $157M sold.
- 331 institutional investors held Macerich (MAC) as of Q4 2018, down from 360 in Q3 2018.
- Funds reported $5.95B of Macerich stock for Q4 2018, down 22% quarter-over-quarter.
- 41 funds opened new Macerich positions in Q4 2018 and 66 closed out, a net change of -25 holders.
- The largest Macerich buyer in Q4 2018 was Cohen & Steers, an estimated $131M added.
- The largest Macerich seller in Q4 2018 was CBRE Investment Management Listed Real Assets, an estimated $157M sold.
Based on aggregated 13F filings for Q4 2018.