Michaels Stores, Inc
MIK
MIK was delisted on the 14th of April, 2021.
236 hedge funds and large institutions have $3.7B invested in Michaels Stores, Inc in 2017 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 115 increasing their positions, 65 reducing their positions, and 32 closing their positions.
77% more repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 65
25% more call options, than puts
Call options by funds: $1.05M | Put options by funds: $841K
22% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 32
3% more funds holding
Funds holding: 230 → 236 (+6)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
17% less capital invested
Capital invested by funds: $4.48B → $3.7B (-$785M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
+$73.8M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$43.4M |
| 3 |
PCM
Pennant Capital Management
Summit,
New Jersey
|
+$25.1M |
| 4 |
State Street
Boston,
Massachusetts
|
+$16.4M |
| 5 |
FCH
Freestone Capital Holdings
Seattle,
Washington
|
+$12.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$102M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$37.3M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$29M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$24.8M |
| 5 |
SCM
Suvretta Capital Management
New York
|
-$22.7M |
MIK Hedge Fund Activity: Q2 2017 in Review
236 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Michaels Stores, Inc (MIK) for Q2 2017, worth a combined $3.7B — down 17% from $4.48B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new MIK positions and 32 closed out — a net gain of 7 holders — while 115 added to existing stakes and 65 trimmed.
The largest buyer was Highfields Capital Management, adding an estimated $73.8M. The largest seller was Ameriprise, cutting an estimated $102M.
- 236 institutional investors held Michaels Stores, Inc (MIK) as of Q2 2017, up from 230 in Q1 2017.
- Funds reported $3.7B of Michaels Stores, Inc stock for Q2 2017, down 17% quarter-over-quarter.
- 39 funds opened new Michaels Stores, Inc positions in Q2 2017 and 32 closed out, a net change of +7 holders.
- The largest Michaels Stores, Inc buyer in Q2 2017 was Highfields Capital Management, an estimated $73.8M added.
- The largest Michaels Stores, Inc seller in Q2 2017 was Ameriprise, an estimated $102M sold.
Based on aggregated 13F filings for Q2 2017.