Michaels Stores, Inc
MIK
MIK was delisted on the 14th of April, 2021.
213 hedge funds and large institutions have $4.25B invested in Michaels Stores, Inc in 2016 Q4 according to their latest regulatory filings, with 57 funds opening new positions, 95 increasing their positions, 49 reducing their positions, and 32 closing their positions.
94% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 49
78% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 32
12% more funds holding
Funds holding: 190 → 213 (+23)
15% less capital invested
Capital invested by funds: $5.02B → $4.25B (-$774M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
77% less call options, than puts
Call options by funds: $641K | Put options by funds: $2.84M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Pennant Capital Management
Summit,
New Jersey
|
+$84.9M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$38M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$34.7M |
| 4 |
State Street
Boston,
Massachusetts
|
+$30.8M |
| 5 |
SCM
Suvretta Capital Management
New York
|
+$30.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
-$279M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$151M |
| 3 |
SHCM
Sachem Head Capital Management
New York
|
-$71.7M |
| 4 |
TC
Tyvor Capital
Oak Brook,
Illinois
|
-$25.6M |
| 5 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$22.1M |
MIK Hedge Fund Activity: Q4 2016 in Review
213 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Michaels Stores, Inc (MIK) for Q4 2016, worth a combined $4.25B — down 15% from $5.02B a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new MIK positions and 32 closed out — a net gain of 25 holders — while 95 added to existing stakes and 49 trimmed.
The largest buyer was Pennant Capital Management, opening a new position worth an estimated $84.9M. The largest seller was Blackstone Inc, cutting an estimated $279M.
- 213 institutional investors held Michaels Stores, Inc (MIK) as of Q4 2016, up from 190 in Q3 2016.
- Funds reported $4.25B of Michaels Stores, Inc stock for Q4 2016, down 15% quarter-over-quarter.
- 57 funds opened new Michaels Stores, Inc positions in Q4 2016 and 32 closed out, a net change of +25 holders.
- The largest Michaels Stores, Inc buyer in Q4 2016 was Pennant Capital Management, an estimated $84.9M added.
- The largest Michaels Stores, Inc seller in Q4 2016 was Blackstone Inc, an estimated $279M sold.
Based on aggregated 13F filings for Q4 2016.