Michaels Stores, Inc
MIK
MIK was delisted on the 14th of April, 2021.
238 hedge funds and large institutions have $1.71B invested in Michaels Stores, Inc in 2020 Q3 according to their latest regulatory filings, with 89 funds opening new positions, 56 increasing their positions, 67 reducing their positions, and 13 closing their positions.
585% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 13
52% more capital invested
Capital invested by funds: $1.13B → $1.71B (+$587M)
45% more funds holding
Funds holding: 164 → 238 (+74)
40% more call options, than puts
Call options by funds: $10.7M | Put options by funds: $7.67M
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
16% less repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 67
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAM
Goldentree Asset Management
New York
|
+$36.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$21.9M |
| 3 |
Two Sigma Investments
New York
|
+$14.6M |
| 4 |
D.E. Shaw & Co
New York
|
+$12.7M |
| 5 |
OCAM
Owl Creek Asset Management
New York
|
+$10.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$15.2M |
| 2 |
GCM
Glenview Capital Management
New York
|
-$10.8M |
| 3 |
BlackRock
New York
|
-$8.9M |
| 4 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
-$6.11M |
| 5 |
WG
Winton Group
London,
United Kingdom
|
-$4.7M |
MIK Hedge Fund Activity: Q3 2020 in Review
238 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Michaels Stores, Inc (MIK) for Q3 2020, worth a combined $1.71B — up 52% from $1.13B a quarter earlier.
Buyers outnumbered sellers: 89 funds opened new MIK positions and 13 closed out — a net gain of 76 holders — while 56 added to existing stakes and 67 trimmed.
The largest buyer was Goldentree Asset Management, opening a new position worth an estimated $36.5M. The largest seller was Goldman Sachs, cutting an estimated $15.2M.
- 238 institutional investors held Michaels Stores, Inc (MIK) as of Q3 2020, up from 164 in Q2 2020.
- Funds reported $1.71B of Michaels Stores, Inc stock for Q3 2020, up 52% quarter-over-quarter.
- 89 funds opened new Michaels Stores, Inc positions in Q3 2020 and 13 closed out, a net change of +76 holders.
- The largest Michaels Stores, Inc buyer in Q3 2020 was Goldentree Asset Management, an estimated $36.5M added.
- The largest Michaels Stores, Inc seller in Q3 2020 was Goldman Sachs, an estimated $15.2M sold.
Based on aggregated 13F filings for Q3 2020.