Orion Office REIT
ONL
290 hedge funds and large institutions have $332M invested in Orion Office REIT in 2023 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 69 increasing their positions, 94 reducing their positions, and 42 closing their positions.
0% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 42
2% less funds holding
Funds holding: 296 → 290 (-6)
3.94% less ownership
Funds ownership: 90.76% → 86.82% (-3.9%)
23% less capital invested
Capital invested by funds: $433M → $332M (-$101M)
27% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 94
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
95% less call options, than puts
Call options by funds: $48K | Put options by funds: $1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$3.23M |
| 2 |
PMG
Private Management Group
Irvine,
California
|
+$3.09M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$2.51M |
| 4 |
Morgan Stanley
New York
|
+$2.03M |
| 5 |
APG Asset Management
Amsterdam,
Netherlands
|
+$1.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$11.2M |
| 2 |
State Street
Boston,
Massachusetts
|
-$7.92M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$3.86M |
| 4 |
NM
Newtyn Management
New York
|
-$3.56M |
| 5 |
Goldman Sachs
New York
|
-$3.09M |
ONL Hedge Fund Activity: Q1 2023 in Review
290 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Orion Office REIT (ONL) for Q1 2023, worth a combined $332M — down 23% from $433M a quarter earlier.
Fund positioning in ONL was balanced in Q1 2023: 42 funds opened new positions, 42 closed out, 69 added to existing stakes and 94 trimmed.
The largest buyer was Mangrove Partners, opening a new position worth an estimated $3.23M. The largest seller was BlackRock, cutting an estimated $11.2M.
- 290 institutional investors held Orion Office REIT (ONL) as of Q1 2023, down from 296 in Q4 2022.
- Funds reported $332M of Orion Office REIT stock for Q1 2023, down 23% quarter-over-quarter.
- 42 funds opened new Orion Office REIT positions in Q1 2023 and 42 closed out, a net change of 0 holders.
- The largest Orion Office REIT buyer in Q1 2023 was Mangrove Partners, an estimated $3.23M added.
- The largest Orion Office REIT seller in Q1 2023 was BlackRock, an estimated $11.2M sold.
Based on aggregated 13F filings for Q1 2023.