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MIK

Michaels Stores, Inc
MIK

Delisted

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.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

21% less repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 67

22% less funds holding

Funds holding: 218170 (-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)

Holders
170
Holders Change
-48
Holders Change %
-22.02%
% of All Funds
3.75%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
24
Increased
53
Reduced
67
Closed
69
Calls
$2.96M
Puts
$3.92M
Net Calls
-$963K
Net Calls Change
+$4.18M
Name Holding Trade Value Shares
Change
Change in
Stake
Invesco
26
Invesco
Georgia
$1.04M +$167K +35,280 +6%
ISL
27
Ingalls & Snyder LLC
New York
$994K -$1.28M -269,725 -31%
Morgan Stanley
28
Morgan Stanley
New York
$983K +$737K +155,775 +34%
Principal Financial Group
29
Principal Financial Group
Iowa
$938K -$113K -23,948 -4%
WG
30
Winton Group
United Kingdom
$918K +$1.06M +225,062 +66%
SC
31
Skylands Capital
Wisconsin
$898K -$128K -27,048 -5%
Canada Pension Plan Investment Board
32
Canada Pension Plan Investment Board
Ontario, Canada
$818K +$99.8K +21,084 +4%
ICM
33
Invenomic Capital Management
Massachusetts
$695K +$61.9K +13,073 +3%
Thrivent Financial for Lutherans
34
Thrivent Financial for Lutherans
Minnesota
$685K +$1.71M +362,375 +596%
N
35
Nuveen
North Carolina
$625K +$53.3K +11,271 +3%
Ameriprise
36
Ameriprise
Minnesota
$600K -$166K -35,069 -9%
Barclays
37
Barclays
United Kingdom
$564K -$281K -59,455 -15%
KIM
38
Kestrel Investment Management
California
$495K -$77.5K -16,375 -5%
Balyasny Asset Management
39
Balyasny Asset Management
Illinois
$476K +$1.08M +228,116 +347%
RhumbLine Advisers
40
RhumbLine Advisers
Massachusetts
$453K +$58.5K +12,354 +5%
Legal & General Group
41
Legal & General Group
United Kingdom
$439K -$20.8K -4,403 -2%
PPA
42
Parametric Portfolio Associates
Washington
$423K -$516K -108,950 -29%
MCM
43
Mork Capital Management
California
$405K +$710K +150,000 +150%
AllianceBernstein
44
AllianceBernstein
Tennessee
$404K -$25.5M -5,390,349 -96%
New York State Common Retirement Fund
45
New York State Common Retirement Fund
New York
$399K -$202K -42,595 -15%
Wellington Management Group
46
Wellington Management Group
Massachusetts
$381K -$317K -67,063 -22%
Susquehanna International Group
47
Susquehanna International Group
Pennsylvania
$371K +$736K +155,618 +213%
Wells Fargo
48
Wells Fargo
California
$360K +$308K +65,028 +41%
Swiss National Bank
49
Swiss National Bank
Switzerland
$294K
California Public Employees Retirement System
50
California Public Employees Retirement System
California
$292K -$34.1K -7,200 -4%

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.