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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
AG
151
Aperio Group
California
$180K +$176K +10,524 New
Canada Life
152
Canada Life
Manitoba, Canada
$175K – – –
PA
153
Pinnacle Associates
New York
$173K – – –
CCM
154
Cadence Capital Management
Massachusetts
$172K -$14K -834 -8%
Canada Pension Plan Investment Board
155
Canada Pension Plan Investment Board
Ontario, Canada
$153K +$30.1K +1,800 +25%
HIM
156
Hillsdale Investment Management
Ontario, Canada
$134K +$6.7K +400 +5%
M&T Bank
157
M&T Bank
New York
$103K – – –
Teacher Retirement System of Texas
158
Teacher Retirement System of Texas
Texas
$102K -$4.66K -278 -4%
IMS
159
Index Management Solutions
Pennsylvania
$101K +$98.3K +5,872 New
PVH
160
Psagot Value Holdings
Israel
$93K -$37.4K -2,231 -29%
Public Employees Retirement Association of Colorado
161
Public Employees Retirement Association of Colorado
Colorado
$90K -$5.98K -357 -6%
IFWM
162
Institute for Wealth Management
Colorado
$87K – – –
LSV Asset Management
163
LSV Asset Management
Illinois
$75K +$73.7K +4,400 New
US Bancorp
164
US Bancorp
Minnesota
$74K – – –
Ameriprise
165
Ameriprise
Minnesota
$72K -$11K -654 -13%
Daiwa Securities Group
166
Daiwa Securities Group
Japan
$69K -$3.35K -200 -5%
PAM
167
Panagora Asset Management
Massachusetts
$63K – – –
Envestnet Asset Management
168
Envestnet Asset Management
Illinois
$61K +$55.1K +3,292 +1,143%
WTB
169
Washington Trust Bank
Washington
$54K +$53.1K +3,170 New
SSB
170
Sandy Spring Bank
Maryland
$51K +$38.5K +2,296 +333%
Creative Planning
171
Creative Planning
Kansas
$46K -$19K -1,133 -30%
TAM
172
Tocqueville Asset Management
New York
$36K – – –
ARMT
173
Amica Retiree Medical Trust
Rhode Island
$35K – – –
WA
174
WFG Advisors
Texas
$35K +$1.73K +103 +5%
QT
175
Quantbot Technologies
New York
$30K +$30.1K +1,800 New
5 6
7
8 9

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.