Michaels Stores, Inc
MIK
MIK was delisted on the 14th of April, 2021.
217 hedge funds and large institutions have $2.97B invested in Michaels Stores, Inc in 2021 Q1 according to their latest regulatory filings, with 57 funds opening new positions, 51 increasing their positions, 89 reducing their positions, and 81 closing their positions.
46% more capital invested
Capital invested by funds: $2.04B → $2.97B (+$935M)
31% more call options, than puts
Call options by funds: $24.6M | Put options by funds: $18.9M
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
11% less funds holding
Funds holding: 243 → 217 (-26)
30% less first-time investments, than exits
New positions opened: 57 | Existing positions closed: 81
43% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 89
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$48.7M |
| 2 |
Millennium Management
New York
|
+$43.6M |
| 3 |
WIC
Water Island Capital
New York
|
+$36.9M |
| 4 |
PC
Paulson & Co
New York
|
+$35.3M |
| 5 |
DKCM
Davidson Kempner Capital Management
New York
|
+$29.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$120M |
| 2 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
-$117M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$51.5M |
| 4 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
-$36.2M |
| 5 |
GCM
Glenview Capital Management
New York
|
-$33.6M |
MIK Hedge Fund Activity: Q1 2021 in Review
217 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Michaels Stores, Inc (MIK) for Q1 2021, worth a combined $2.97B — up 46% from $2.04B a quarter earlier.
Sellers outnumbered buyers: 81 funds closed out of MIK and 57 opened new positions — a net loss of 24 holders — while 89 trimmed existing stakes and 51 added.
The largest buyer was Glazer Capital LLC, opening a new position worth an estimated $48.7M. The largest seller was T. Rowe Price Associates, cutting an estimated $120M.
- 217 institutional investors held Michaels Stores, Inc (MIK) as of Q1 2021, down from 243 in Q4 2020.
- Funds reported $2.97B of Michaels Stores, Inc stock for Q1 2021, up 46% quarter-over-quarter.
- 57 funds opened new Michaels Stores, Inc positions in Q1 2021 and 81 closed out, a net change of -24 holders.
- The largest Michaels Stores, Inc buyer in Q1 2021 was Glazer Capital LLC, an estimated $48.7M added.
- The largest Michaels Stores, Inc seller in Q1 2021 was T. Rowe Price Associates, an estimated $120M sold.
Based on aggregated 13F filings for Q1 2021.