Michaels Stores, Inc
MIK
MIK was delisted on the 14th of April, 2021.
170 hedge funds and large institutions have $259M invested in Michaels Stores, Inc in 2020 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 53 increasing their positions, 67 reducing their positions, and 69 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
21% less repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 67
22% less funds holding
Funds holding: 218 → 170 (-48)
25% less call options, than puts
Call options by funds: $2.96M | Put options by funds: $3.92M
65% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 69
82% less capital invested
Capital invested by funds: $1.4B → $259M (-$1.14B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Scion Asset Management
Saratoga,
California
|
+$15.4M |
| 2 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
+$12.8M |
| 3 |
GCM
Glenview Capital Management
New York
|
+$9.43M |
| 4 |
Renaissance Technologies
New York
|
+$8.47M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$4.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$25.5M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$21.8M |
| 3 |
BCA
Bernzott Capital Advisors
Camarillo,
California
|
-$17.6M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$15.5M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
-$11.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
226
IFP Advisors
Tampa,
Florida
| – | +$440 | +93 | +59% |
|
|
SC
227
Stralem & Co
New York
| – | +$487 | +103 | New |
|
228
UBS Group
Zurich,
Switzerland
| – | +$535 | +113 | New |
|
|
QCG
229
Quadrant Capital Group
Cincinnati,
Ohio
| – | +$696 | +147 | New |
|
|
TFO
230
Tarbox Family Office
Newport Beach,
California
| – | +$719 | +152 | New |
|
|
CAN
231
Claraphi Advisory Network
Aliso Viejo,
United States
| – | +$946 | +200 | New |
|
MIK Hedge Fund Activity: Q1 2020 in Review
170 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Michaels Stores, Inc (MIK) for Q1 2020, worth a combined $259M — down 82% from $1.4B a quarter earlier.
Sellers outnumbered buyers: 69 funds closed out of MIK and 24 opened new positions — a net loss of 45 holders — while 67 trimmed existing stakes and 53 added.
The largest buyer was Scion Asset Management, opening a new position worth an estimated $15.4M. The largest seller was AllianceBernstein, cutting an estimated $25.5M.
- 170 institutional investors held Michaels Stores, Inc (MIK) as of Q1 2020, down from 218 in Q4 2019.
- Funds reported $259M of Michaels Stores, Inc stock for Q1 2020, down 82% quarter-over-quarter.
- 24 funds opened new Michaels Stores, Inc positions in Q1 2020 and 69 closed out, a net change of -45 holders.
- The largest Michaels Stores, Inc buyer in Q1 2020 was Scion Asset Management, an estimated $15.4M added.
- The largest Michaels Stores, Inc seller in Q1 2020 was AllianceBernstein, an estimated $25.5M sold.
Based on aggregated 13F filings for Q1 2020.