Michaels Stores, Inc
MIK
MIK was delisted on the 14th of April, 2021.
164 hedge funds and large institutions have $1.13B invested in Michaels Stores, Inc in 2020 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 49 increasing their positions, 53 reducing their positions, and 39 closing their positions.
335% more capital invested
Capital invested by funds: $259M → $1.13B (+$867M)
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
60% more call options, than puts
Call options by funds: $5.16M | Put options by funds: $3.23M
8% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 53
8% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 39
4% less funds holding
Funds holding: 170 → 164 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$16.4M |
| 2 |
Goldman Sachs
New York
|
+$12.8M |
| 3 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
+$7.07M |
| 4 |
DKCM
Davidson Kempner Capital Management
New York
|
+$5.07M |
| 5 |
D.E. Shaw & Co
New York
|
+$3.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Scion Asset Management
Saratoga,
California
|
-$5.26M |
| 2 |
SDIC
South Dakota Investment Council
Sioux Falls,
South Dakota
|
-$4.16M |
| 3 |
Squarepoint
New York
|
-$3.73M |
| 4 |
State Street
Boston,
Massachusetts
|
-$3.63M |
| 5 |
Teacher Retirement System of Texas
Austin,
Texas
|
-$3.53M |
MIK Hedge Fund Activity: Q2 2020 in Review
164 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Michaels Stores, Inc (MIK) for Q2 2020, worth a combined $1.13B — up 335% from $259M a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of MIK and 36 opened new positions — a net loss of 3 holders — while 53 trimmed existing stakes and 49 added.
The largest buyer was Fidelity Investments, adding an estimated $16.4M. The largest seller was Scion Asset Management, exiting entirely with an estimated $5.26M sold.
- 164 institutional investors held Michaels Stores, Inc (MIK) as of Q2 2020, down from 170 in Q1 2020.
- Funds reported $1.13B of Michaels Stores, Inc stock for Q2 2020, up 335% quarter-over-quarter.
- 36 funds opened new Michaels Stores, Inc positions in Q2 2020 and 39 closed out, a net change of -3 holders.
- The largest Michaels Stores, Inc buyer in Q2 2020 was Fidelity Investments, an estimated $16.4M added.
- The largest Michaels Stores, Inc seller in Q2 2020 was Scion Asset Management, an estimated $5.26M sold.
Based on aggregated 13F filings for Q2 2020.