Michaels Stores, Inc
MIK
MIK was delisted on the 14th of April, 2021.
218 hedge funds and large institutions have $1.74B invested in Michaels Stores, Inc in 2019 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 65 increasing their positions, 80 reducing their positions, and 69 closing their positions.
1,315% more call options, than puts
Call options by funds: $47.1M | Put options by funds: $3.33M
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
12% more capital invested
Capital invested by funds: $1.56B → $1.74B (+$186M)
10% less funds holding
Funds holding: 242 → 218 (-24)
19% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 80
33% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 69
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$34.5M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$15.3M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$14.5M |
| 4 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
+$12.7M |
| 5 |
BlackRock
New York
|
+$6.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$21M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$12.8M |
| 3 |
RP
Reinhart Partners
Mequon,
Wisconsin
|
-$12M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$9.34M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$6.56M |
MIK Hedge Fund Activity: Q3 2019 in Review
218 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Michaels Stores, Inc (MIK) for Q3 2019, worth a combined $1.74B — up 12% from $1.56B a quarter earlier.
Sellers outnumbered buyers: 69 funds closed out of MIK and 46 opened new positions — a net loss of 23 holders — while 80 trimmed existing stakes and 65 added.
The largest buyer was Goldman Sachs, adding an estimated $34.5M. The largest seller was UBS Group, cutting an estimated $21M.
- 218 institutional investors held Michaels Stores, Inc (MIK) as of Q3 2019, down from 242 in Q2 2019.
- Funds reported $1.74B of Michaels Stores, Inc stock for Q3 2019, up 12% quarter-over-quarter.
- 46 funds opened new Michaels Stores, Inc positions in Q3 2019 and 69 closed out, a net change of -23 holders.
- The largest Michaels Stores, Inc buyer in Q3 2019 was Goldman Sachs, an estimated $34.5M added.
- The largest Michaels Stores, Inc seller in Q3 2019 was UBS Group, an estimated $21M sold.
Based on aggregated 13F filings for Q3 2019.