Michaels Stores, Inc
MIK
MIK was delisted on the 14th of April, 2021.
276 hedge funds and large institutions have $2.12B invested in Michaels Stores, Inc in 2019 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 109 increasing their positions, 81 reducing their positions, and 38 closing their positions.
101% more call options, than puts
Call options by funds: $17.4M | Put options by funds: $8.69M
37% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 38
35% more repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 81
5% more funds holding
Funds holding: 262 → 276 (+14)
16% less capital invested
Capital invested by funds: $2.52B → $2.12B (-$402M)
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential Financial
Newark,
New Jersey
|
+$25.4M |
| 2 |
Morgan Stanley
New York
|
+$16.3M |
| 3 |
TC
Tyvor Capital
Oak Brook,
Illinois
|
+$13.9M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$9.3M |
| 5 |
TCG
Tremblant Capital Group
West Palm Beach,
Florida
|
+$8.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$54.8M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$24.9M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$17.5M |
| 4 |
MC
Maverick Capital
Dallas,
Texas
|
-$13.8M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$13.7M |
MIK Hedge Fund Activity: Q1 2019 in Review
276 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Michaels Stores, Inc (MIK) for Q1 2019, worth a combined $2.12B — down 16% from $2.52B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new MIK positions and 38 closed out — a net gain of 14 holders — while 109 added to existing stakes and 81 trimmed.
The largest buyer was Prudential Financial, adding an estimated $25.4M. The largest seller was Highfields Capital Management, cutting an estimated $54.8M.
- 276 institutional investors held Michaels Stores, Inc (MIK) as of Q1 2019, up from 262 in Q4 2018.
- Funds reported $2.12B of Michaels Stores, Inc stock for Q1 2019, down 16% quarter-over-quarter.
- 52 funds opened new Michaels Stores, Inc positions in Q1 2019 and 38 closed out, a net change of +14 holders.
- The largest Michaels Stores, Inc buyer in Q1 2019 was Prudential Financial, an estimated $25.4M added.
- The largest Michaels Stores, Inc seller in Q1 2019 was Highfields Capital Management, an estimated $54.8M sold.
Based on aggregated 13F filings for Q1 2019.