Michaels Stores, Inc
MIK
MIK was delisted on the 14th of April, 2021.
218 hedge funds and large institutions have $1.4B invested in Michaels Stores, Inc in 2019 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 65 increasing their positions, 84 reducing their positions, and 36 closing their positions.
14% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 36
0% more funds holding
Funds holding: 218 → 218 (0)
20% less capital invested
Capital invested by funds: $1.74B → $1.4B (-$341M)
22% less call options, than puts
Call options by funds: $18.6M | Put options by funds: $23.7M
23% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 84
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
+$33.5M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
+$12.4M |
| 3 |
SSA
Schonfeld Strategic Advisors
New York
|
+$11.1M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$8.81M |
| 5 |
Millennium Management
New York
|
+$8.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$38.5M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$37.1M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
-$16M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$13.9M |
| 5 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
-$9.24M |
MIK Hedge Fund Activity: Q4 2019 in Review
218 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Michaels Stores, Inc (MIK) for Q4 2019, worth a combined $1.4B — down 20% from $1.74B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new MIK positions and 36 closed out — a net gain of 5 holders — while 65 added to existing stakes and 84 trimmed.
The largest buyer was Contrarius Investment Management, adding an estimated $33.5M. The largest seller was Goldman Sachs, cutting an estimated $38.5M.
- 218 institutional investors held Michaels Stores, Inc (MIK) as of Q4 2019, unchanged from Q3 2019.
- Funds reported $1.4B of Michaels Stores, Inc stock for Q4 2019, down 20% quarter-over-quarter.
- 41 funds opened new Michaels Stores, Inc positions in Q4 2019 and 36 closed out, a net change of +5 holders.
- The largest Michaels Stores, Inc buyer in Q4 2019 was Contrarius Investment Management, an estimated $33.5M added.
- The largest Michaels Stores, Inc seller in Q4 2019 was Goldman Sachs, an estimated $38.5M sold.
Based on aggregated 13F filings for Q4 2019.