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PDM

Piedmont Realty Trust
PDM

211 hedge funds and large institutions have $2.65B invested in Piedmont Realty Trust in 2017 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 70 increasing their positions, 76 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $2.51B → $2.65B (+$134M)

2.72% more ownership

Funds ownership: 82.62% → 85.35% (+2.7%)

8% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 76

7% less funds holding

Funds holding: 228 → 211 (-17)

27% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 33

Holders
211
Holders Change
-17
Holders Change %
-7.46%
% of All Funds
5.25%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
24
Increased
70
Reduced
76
Closed
33
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BlackRock
BlackRock
New York
+$203M
2
SFM
Systematic Financial Management
New Jersey
+$25.5M
3
AL
AJO LP
Pennsylvania
+$24.2M
4
Invesco
Invesco
Georgia
+$22.6M
5
Deutsche Bank
Deutsche Bank
Germany
+$16.1M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$14.7M
2
PMG
Private Management Group
California
-$9.61M
3
Citigroup
Citigroup
New York
-$4.15M
4
Citadel Advisors
Citadel Advisors
Florida
-$3.41M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$3.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
PMG
26
Private Management Group
California
$11.8M -$9.61M -443,410 -45%
California Public Employees Retirement System
27
California Public Employees Retirement System
California
$11.5M +$143K +6,600 +1%
SO
28
STRS Ohio
Ohio
$11.3M -$117K -5,384 -1%
JP Morgan Chase
29
JP Morgan Chase
New York
$11.3M -$708K -32,675 -6%
Wells Fargo
30
Wells Fargo
California
$10.7M +$106K +4,905 +1%
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$10.6M -$120K -5,525 -1%
First Trust Advisors
32
First Trust Advisors
Illinois
$10.4M -$2.02M -93,059 -16%
Legal & General Group
33
Legal & General Group
United Kingdom
$9.84M +$1.06M +48,880 +12%
Prudential Financial
34
Prudential Financial
New Jersey
$9.71M -$1.76M -81,200 -15%
WBC
35
Westpac Banking Corp
Australia
$9.62M +$5.04M +232,800 +107%
PPA
36
Parametric Portfolio Associates
Washington
$9.1M -$528K -24,387 -5%
GC
37
Guggenheim Capital
Illinois
$9.08M +$3.6M +166,041 +64%
Asset Management One
38
Asset Management One
Japan
$9.08M +$607K +27,995 +7%
Natixis Advisors
39
Natixis Advisors
Massachusetts
$7.64M -$26.7K -1,233 -0.3%
MCM
40
Matarin Capital Management
New York
$7.41M +$880K +40,599 +13%
VRS
41
Virginia Retirement Systems
Virginia
$7.08M +$3.22M +148,500 +81%
UBS AM
42
UBS AM
Illinois
$7.03M +$1.11M +51,147 +18%
Principal Financial Group
43
Principal Financial Group
Iowa
$6.65M +$3.36M +155,159 +99%
California State Teachers Retirement System (CalSTRS)
44
California State Teachers Retirement System (CalSTRS)
California
$6.34M -$288K -13,300 -4%
FQ
45
First Quadrant
California
$6.31M +$1.37M +63,454 +27%
Commonwealth Equity Services
46
Commonwealth Equity Services
Massachusetts
$6.07M -$269K -12,408 -4%
Ohio Public Employees Retirement System (OPERS)
47
Ohio Public Employees Retirement System (OPERS)
Ohio
$5.69M +$86.6K +3,998 +2%
TCIM
48
TIAA CREF Investment Management
New York
$5.58M -$96.7K -4,463 -2%
Swiss National Bank
49
Swiss National Bank
Switzerland
$5.12M – – –
N
50
Nuveen
North Carolina
$5.04M +$1.35M +62,377 +36%
1
2
3 4 5

PDM Hedge Fund Activity: Q1 2017 in Review

211 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Piedmont Realty Trust (PDM) for Q1 2017, worth a combined $2.65B — up 5.4% from $2.51B a quarter earlier.

Sellers outnumbered buyers: 33 funds closed out of PDM and 24 opened new positions — a net loss of 9 holders — while 76 trimmed existing stakes and 70 added.

The largest buyer was BlackRock, adding an estimated $203M. The largest seller was Fidelity Investments, cutting an estimated $14.7M.

  • 211 institutional investors held Piedmont Realty Trust (PDM) as of Q1 2017, down from 228 in Q4 2016.
  • Funds reported $2.65B of Piedmont Realty Trust stock for Q1 2017, up 5.4% quarter-over-quarter.
  • 24 funds opened new Piedmont Realty Trust positions in Q1 2017 and 33 closed out, a net change of -9 holders.
  • The largest Piedmont Realty Trust buyer in Q1 2017 was BlackRock, an estimated $203M added.
  • The largest Piedmont Realty Trust seller in Q1 2017 was Fidelity Investments, an estimated $14.7M sold.

Based on aggregated 13F filings for Q1 2017.