Michaels Stores, Inc
MIK
MIK was delisted on the 14th of April, 2021.
242 hedge funds and large institutions have $1.56B invested in Michaels Stores, Inc in 2019 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 84 increasing their positions, 89 reducing their positions, and 58 closing their positions.
6% less repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 89
11% less call options, than puts
Call options by funds: $4.01M | Put options by funds: $4.52M
12% less funds holding
Funds holding: 276 → 242 (-34)
26% less capital invested
Capital invested by funds: $2.11B → $1.56B (-$558M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
53% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 58
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$31.5M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$28.9M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$15.7M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$14.4M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$7.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$37.6M |
| 2 |
UBS AM
Chicago,
Illinois
|
-$19.9M |
| 3 |
Millennium Management
New York
|
-$13.5M |
| 4 |
TC
Tyvor Capital
Oak Brook,
Illinois
|
-$13.3M |
| 5 |
Morgan Stanley
New York
|
-$13.2M |
MIK Hedge Fund Activity: Q2 2019 in Review
242 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Michaels Stores, Inc (MIK) for Q2 2019, worth a combined $1.56B — down 26% from $2.11B a quarter earlier.
Sellers outnumbered buyers: 58 funds closed out of MIK and 27 opened new positions — a net loss of 31 holders — while 89 trimmed existing stakes and 84 added.
The largest buyer was BlackRock, adding an estimated $31.5M. The largest seller was Highfields Capital Management, exiting entirely with an estimated $37.6M sold.
- 242 institutional investors held Michaels Stores, Inc (MIK) as of Q2 2019, down from 276 in Q1 2019.
- Funds reported $1.56B of Michaels Stores, Inc stock for Q2 2019, down 26% quarter-over-quarter.
- 27 funds opened new Michaels Stores, Inc positions in Q2 2019 and 58 closed out, a net change of -31 holders.
- The largest Michaels Stores, Inc buyer in Q2 2019 was BlackRock, an estimated $31.5M added.
- The largest Michaels Stores, Inc seller in Q2 2019 was Highfields Capital Management, an estimated $37.6M sold.
Based on aggregated 13F filings for Q2 2019.