Pebblebrook Hotel Trust
236 hedge funds and large institutions have $3.33B invested in Pebblebrook Hotel Trust in 2018 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 90 increasing their positions, 75 reducing their positions, and 31 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 75
14.24% more ownership
Funds ownership: 118.34% → 132.58% (+14%)
5% more capital invested
Capital invested by funds: $3.17B → $3.33B (+$161M)
2% less funds holding
Funds holding: 240 → 236 (-4)
13% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 31
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $233K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$237M |
| 2 |
Daiwa Securities Group
Tokyo,
Japan
|
+$54.6M |
| 3 |
ACM
Adelante Capital Management
Alameda,
California
|
+$33.5M |
| 4 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
+$27.3M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$20.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$64.7M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$34.3M |
| 3 |
Goldman Sachs
New York
|
-$16.7M |
| 4 |
LPC
Long Pond Capital
New York
|
-$9.4M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$6.88M |
PEB Hedge Fund Activity: Q3 2018 in Review
236 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Pebblebrook Hotel Trust (PEB) for Q3 2018, worth a combined $3.33B — up 5.1% from $3.17B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of PEB and 27 opened new positions — a net loss of 4 holders — while 75 trimmed existing stakes and 90 added.
The largest buyer was Cohen & Steers, adding an estimated $237M. The largest seller was Invesco, cutting an estimated $64.7M.
- 236 institutional investors held Pebblebrook Hotel Trust (PEB) as of Q3 2018, down from 240 in Q2 2018.
- Funds reported $3.33B of Pebblebrook Hotel Trust stock for Q3 2018, up 5.1% quarter-over-quarter.
- 27 funds opened new Pebblebrook Hotel Trust positions in Q3 2018 and 31 closed out, a net change of -4 holders.
- The largest Pebblebrook Hotel Trust buyer in Q3 2018 was Cohen & Steers, an estimated $237M added.
- The largest Pebblebrook Hotel Trust seller in Q3 2018 was Invesco, an estimated $64.7M sold.
Based on aggregated 13F filings for Q3 2018.