Pebblebrook Hotel Trust
172 hedge funds and large institutions have $2.21B invested in Pebblebrook Hotel Trust in 2015 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 71 increasing their positions, 59 reducing their positions, and 37 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 59
0.87% more ownership
Funds ownership: 110.76% → 111.64% (+0.87%)
10% less funds holding
Funds holding: 192 → 172 (-20)
21% less capital invested
Capital invested by funds: $2.79B → $2.21B (-$584M)
54% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 37
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $12K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIMLRA
CBRE Investment Management Listed Real Assets
Radnor,
Pennsylvania
|
+$103M |
| 2 |
JP Morgan Chase
New York
|
+$78M |
| 3 |
Goldman Sachs
New York
|
+$21.3M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$20.8M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
+$16.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRES
Heitman Real Estate Securities
Chicago,
Illinois
|
-$55.4M |
| 2 |
Cohen & Steers
New York
|
-$44.2M |
| 3 |
Daiwa Securities Group
Tokyo,
Japan
|
-$43.7M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$35.6M |
| 5 |
PI
PGGM Investments
Zeist,
Netherlands
|
-$24.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$184K | -5,200 | Closed |
|
|
QT
202
Quantbot Technologies
New York
| – | -$42K | -1,187 | Closed |
|
|
CAL
203
Capital Analysts LLC
Fort Washington,
Pennsylvania
| – | -$34.7K | -978 | Closed |
|
|
HNB
204
Huntington National Bank
Columbus,
Ohio
| – | -$15K | -430 | Closed |
|
|
NSIM
205
North Star Investment Management
Chicago,
Illinois
| – | -$7K | -188 | Closed |
|
|
W
206
Wealthfront
Palo Alto,
California
| – | -$3K | -79 | Closed |
|
|
RPG
207
Risk Paradigm Group
Austin,
Texas
| – | -$922 | -26 | Closed |
|
|
BFEC
208
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | +$165 | +5 | New |
|
|
WAM
209
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | +$198 | +6 | New |
|
PEB Hedge Fund Activity: Q4 2015 in Review
172 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Pebblebrook Hotel Trust (PEB) for Q4 2015, worth a combined $2.21B — down 21% from $2.79B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of PEB and 17 opened new positions — a net loss of 20 holders — while 59 trimmed existing stakes and 71 added.
The largest buyer was CBRE Investment Management Listed Real Assets, adding an estimated $103M. The largest seller was Heitman Real Estate Securities, exiting entirely with an estimated $55.4M sold.
- 172 institutional investors held Pebblebrook Hotel Trust (PEB) as of Q4 2015, down from 192 in Q3 2015.
- Funds reported $2.21B of Pebblebrook Hotel Trust stock for Q4 2015, down 21% quarter-over-quarter.
- 17 funds opened new Pebblebrook Hotel Trust positions in Q4 2015 and 37 closed out, a net change of -20 holders.
- The largest Pebblebrook Hotel Trust buyer in Q4 2015 was CBRE Investment Management Listed Real Assets, an estimated $103M added.
- The largest Pebblebrook Hotel Trust seller in Q4 2015 was Heitman Real Estate Securities, an estimated $55.4M sold.
Based on aggregated 13F filings for Q4 2015.