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PDM

Piedmont Realty Trust
PDM

195 hedge funds and large institutions have $2.09B invested in Piedmont Realty Trust in 2014 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 52 increasing their positions, 92 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.46% more ownership

Funds ownership: 75.45% → 78.91% (+3.5%)

4% more capital invested

Capital invested by funds: $2.01B → $2.09B (+$79.4M)

4% less funds holding

Funds holding: 204 → 195 (-9)

42% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 19

43% less repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 92

Holders
195
Holders Change
-9
Holders Change %
-4.41%
% of All Funds
5.63%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
52
Reduced
92
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$87.9M
2
SCM
Schneider Capital Management
Pennsylvania
+$9.15M
3
American Century Companies
American Century Companies
Missouri
+$3.66M
4
PMG
Private Management Group
California
+$3.48M
5
Invesco
Invesco
Georgia
+$2.88M

Top Sellers

1
Deutsche Bank
Deutsche Bank
Germany
-$51.3M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$7.07M
3
Barclays
Barclays
United Kingdom
-$6.72M
4
BIT
BlackRock Institutional Trust
California
-$4.23M
5
Goldman Sachs
Goldman Sachs
New York
-$4.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
26
Schneider Capital Management
Pennsylvania
$9.37M +$9.15M +546,576 New
Asset Management One
27
Asset Management One
Japan
$8.7M -$817K -48,809 -9%
Deutsche Bank
28
Deutsche Bank
Germany
$8.41M -$51.3M -3,060,867 -86%
TA
29
Teachers Advisors
New York
$8.22M -$684K -40,852 -8%
NFA
30
Nationwide Fund Advisors
Ohio
$7.47M -$192K -11,450 -3%
JP Morgan Chase
31
JP Morgan Chase
New York
$6.54M +$2.07M +123,836 +48%
TIAAOA
32
Teachers Insurance & Annuity Association of America
New York
$6.33M -$679K -40,570 -10%
Commonwealth Equity Services
33
Commonwealth Equity Services
Massachusetts
$5.73M -$7.84K -468 -0.1%
CS
34
Credit Suisse
Switzerland
$5.5M -$2.56M -152,604 -32%
Ohio Public Employees Retirement System (OPERS)
35
Ohio Public Employees Retirement System (OPERS)
Ohio
$5.48M -$902K -53,841 -14%
Legal & General Group
36
Legal & General Group
United Kingdom
$5.39M -$241K -14,373 -4%
ARC
37
Absolute Return Capital
Massachusetts
$5.33M -$1.75M -104,514 -25%
California State Teachers Retirement System (CalSTRS)
38
California State Teachers Retirement System (CalSTRS)
California
$4.91M -$286K -17,100 -6%
AAMU
39
APG Asset Management US
New York
$4.88M -$3.48M -208,000 -42%
UBS AM
40
UBS AM
Illinois
$4.74M +$560K +33,428 +14%
SO
41
STRS Ohio
Ohio
$4.63M – – –
MSA
42
Mason Street Advisors
Wisconsin
$3.95M +$158K +9,440 +4%
Bank of America
43
Bank of America
North Carolina
$3.81M -$170K -10,160 -4%
ACI
44
AMP Capital Investors
Australia
$3.78M +$80.3K +4,795 +2%
TCIM
45
TIAA CREF Investment Management
New York
$3.62M -$843K -50,318 -19%
AllianceBernstein
46
AllianceBernstein
Tennessee
$3.34M -$827K -49,402 -20%
PI
47
Putnam Investments
Massachusetts
$3.32M -$161K -9,600 -5%
Swiss National Bank
48
Swiss National Bank
Switzerland
$3.22M +$616K +36,800 +24%
STC
49
SEI Trust Company
Pennsylvania
$3.16M +$434K +25,890 +16%
CIP
50
Convergence Investment Partners
Florida
$3.14M +$1.78M +106,524 +140%
1
2
3 4 5

PDM Hedge Fund Activity: Q1 2014 in Review

195 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Piedmont Realty Trust (PDM) for Q1 2014, worth a combined $2.09B — up 4% from $2.01B a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of PDM and 11 opened new positions — a net loss of 8 holders — while 92 trimmed existing stakes and 52 added.

The largest buyer was Fidelity Investments, adding an estimated $87.9M. The largest seller was Deutsche Bank, cutting an estimated $51.3M.

  • 195 institutional investors held Piedmont Realty Trust (PDM) as of Q1 2014, down from 204 in Q4 2013.
  • Funds reported $2.09B of Piedmont Realty Trust stock for Q1 2014, up 4% quarter-over-quarter.
  • 11 funds opened new Piedmont Realty Trust positions in Q1 2014 and 19 closed out, a net change of -8 holders.
  • The largest Piedmont Realty Trust buyer in Q1 2014 was Fidelity Investments, an estimated $87.9M added.
  • The largest Piedmont Realty Trust seller in Q1 2014 was Deutsche Bank, an estimated $51.3M sold.

Based on aggregated 13F filings for Q1 2014.