Michaels Stores, Inc
MIK
MIK was delisted on the 14th of April, 2021.
272 hedge funds and large institutions have $4.8B invested in Michaels Stores, Inc in 2017 Q4 according to their latest regulatory filings, with 63 funds opening new positions, 96 increasing their positions, 91 reducing their positions, and 30 closing their positions.
251% more call options, than puts
Call options by funds: $15.5M | Put options by funds: $4.42M
110% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 30
60% more funds holding in top 10
Funds holding in top 10: 5 → 8 (+3)
13% more funds holding
Funds holding: 240 → 272 (+32)
13% more capital invested
Capital invested by funds: $4.24B → $4.8B (+$556M)
5% more repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 91
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Glenview Capital Management
New York
|
+$75.2M |
| 2 |
JIM
Jupiter Investment Management
London,
United Kingdom
|
+$45.2M |
| 3 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$25.2M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$23.3M |
| 5 |
APG Asset Management
Amsterdam,
Netherlands
|
+$23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$112M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$102M |
| 3 |
PCM
Pennant Capital Management
Summit,
New Jersey
|
-$54.3M |
| 4 |
Two Sigma Advisers
New York
|
-$22.7M |
| 5 |
SI
Sapience Investments
Newport Beach,
California
|
-$11.7M |
MIK Hedge Fund Activity: Q4 2017 in Review
272 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Michaels Stores, Inc (MIK) for Q4 2017, worth a combined $4.8B — up 13% from $4.24B a quarter earlier.
Buyers outnumbered sellers: 63 funds opened new MIK positions and 30 closed out — a net gain of 33 holders — while 96 added to existing stakes and 91 trimmed.
The largest buyer was Glenview Capital Management, opening a new position worth an estimated $75.2M. The largest seller was Highfields Capital Management, cutting an estimated $112M.
- 272 institutional investors held Michaels Stores, Inc (MIK) as of Q4 2017, up from 240 in Q3 2017.
- Funds reported $4.8B of Michaels Stores, Inc stock for Q4 2017, up 13% quarter-over-quarter.
- 63 funds opened new Michaels Stores, Inc positions in Q4 2017 and 30 closed out, a net change of +33 holders.
- The largest Michaels Stores, Inc buyer in Q4 2017 was Glenview Capital Management, an estimated $75.2M added.
- The largest Michaels Stores, Inc seller in Q4 2017 was Highfields Capital Management, an estimated $112M sold.
Based on aggregated 13F filings for Q4 2017.