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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
WAM
51
Wolverine Asset Management
Illinois
$284K +$410K +86,649 +98%
First Trust Advisors
52
First Trust Advisors
Illinois
$278K +$127K +26,797 +18%
Public Sector Pension Investment Board (PSP Investments)
53
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$277K
HSBC Holdings
54
HSBC Holdings
United Kingdom
$264K -$18.9K -3,995 -2%
Pacer Advisors
55
Pacer Advisors
Pennsylvania
$243K -$188K -39,702 -28%
LCM
56
Landscape Capital Management
New Jersey
$242K +$43.9K +9,267 +7%
California State Teachers Retirement System (CalSTRS)
57
California State Teachers Retirement System (CalSTRS)
California
$210K +$7.07K +1,494 +1%
TD Asset Management
58
TD Asset Management
Ontario, Canada
$210K +$26K +5,500 +4%
UBS AM
59
UBS AM
Illinois
$207K -$69K -14,581 -10%
CS
60
Credit Suisse
Switzerland
$205K +$198K +41,830 +49%
Comerica Bank
61
Comerica Bank
Texas
$204K +$10K +2,120 +3%
RA
62
Royce & Associates
New York
$202K +$366K +77,303 +162%
Deutsche Bank
63
Deutsche Bank
Germany
$200K -$20.4K -4,304 -3%
Group One Trading
64
Group One Trading
Illinois
$195K +$571K +120,610 New
Bank of America
65
Bank of America
North Carolina
$193K -$1.6M -337,679 -74%
Prudential Financial
66
Prudential Financial
New Jersey
$191K -$8.58M -1,812,190 -94%
DA
67
Denali Advisors
California
$187K
AC
68
Aristeia Capital
Connecticut
$181K +$530K +112,000 New
BNP Paribas Financial Markets
69
BNP Paribas Financial Markets
France
$179K -$326K -68,943 -38%
Canada Life
70
Canada Life
Manitoba, Canada
$161K
Royal Bank of Canada
71
Royal Bank of Canada
Ontario, Canada
$156K -$5.34M -1,128,787 -92%
PCM
72
Poehling Capital Management
Wisconsin
$145K -$44.5K -9,400 -9%
TCG
73
Tremblant Capital Group
Florida
$143K -$48.4K -10,234 -10%
PM
74
Parametrica Management
Hong Kong
$140K +$409K +86,449 New
Federated Hermes
75
Federated Hermes
Pennsylvania
$138K +$404K +85,401 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.