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Pebblebrook Hotel Trust

288 hedge funds and large institutions have $3.95B invested in Pebblebrook Hotel Trust in 2018 Q4 according to their latest regulatory filings, with 85 funds opening new positions, 137 increasing their positions, 47 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

191% more repeat investments, than reductions

Existing positions increased: 137 | Existing positions reduced: 47

158% more first-time investments, than exits

New positions opened: 85 | Existing positions closed: 33

22% more funds holding

Funds holding: 236288 (+52)

19% more capital invested

Capital invested by funds: $3.33B → $3.95B (+$625M)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

24.35% less ownership

Funds ownership: 132.58%108.23% (-24%)

57% less call options, than puts

Call options by funds: $263K | Put options by funds: $615K

Holders
288
Holders Change
+52
Holders Change %
+22.03%
% of All Funds
6.42%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
85
Increased
137
Reduced
47
Closed
33
Calls
$263K
Puts
$615K
Net Calls
-$352K
Net Calls Change
-$119K
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$547M +$412M +12,403,220 +179%
Vanguard Group
2
Vanguard Group
Pennsylvania
$539M +$246M +7,414,115 +64%
Cohen & Steers
3
Cohen & Steers
New York
$309M +$18.2M +549,948 +5%
State Street
4
State Street
Massachusetts
$171M +$121M +3,648,522 +156%
SAM
5
Silvercrest Asset Management
New York
$141M -$5.25M -158,190 -3%
Daiwa Securities Group
6
Daiwa Securities Group
Japan
$139M +$5.33M +160,595 +3%
Northern Trust
7
Northern Trust
Illinois
$130M +$97.9M +2,949,076 +179%
Goldman Sachs
8
Goldman Sachs
New York
$120M -$1.01M -30,290 -0.7%
T. Rowe Price Associates
9
T. Rowe Price Associates
Maryland
$87M -$10.2M -308,358 -9%
Dimensional Fund Advisors
10
Dimensional Fund Advisors
Texas
$68.1M +$41.7M +1,257,345 +109%
JP Morgan Chase
11
JP Morgan Chase
New York
$63.7M +$53.4M +1,609,100 +251%
EARNEST Partners
12
EARNEST Partners
Georgia
$60.8M -$1.36M -40,900 -2%
Charles Schwab
13
Charles Schwab
California
$57.7M +$34.2M +1,031,442 +103%
Invesco
14
Invesco
Georgia
$57.6M +$11.6M +350,164 +21%
LIMS
15
Lasalle Investment Management Securities
Maryland
$56.4M +$66.1M +1,990,876 New
Bank of New York Mellon
16
Bank of New York Mellon
New York
$50.6M +$23.2M +699,721 +64%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$50.1M +$29M +874,469 +98%
Jennison Associates
18
Jennison Associates
New York
$47.3M -$1.43M -43,033 -3%
HRES
19
Heitman Real Estate Securities
Illinois
$46.8M +$54.8M +1,652,104 New
Macquarie Group
20
Macquarie Group
Australia
$46.2M +$9.58M +288,860 +22%
ClearBridge Investments
21
ClearBridge Investments
New York
$43.7M +$1.66M +50,153 +3%
Norges Bank
22
Norges Bank
Norway
$42.4M +$26.2M +789,561 +111%
Wells Fargo
23
Wells Fargo
California
$41M +$33.2M +1,000,343 +224%
Principal Financial Group
24
Principal Financial Group
Iowa
$40.3M +$13.4M +404,903 +40%
Fidelity Investments
25
Fidelity Investments
Massachusetts
$34.1M +$40M +1,204,205 +207,622%

PEB Hedge Fund Activity: Q4 2018 in Review

288 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Pebblebrook Hotel Trust (PEB) for Q4 2018, worth a combined $3.95B — up 19% from $3.33B a quarter earlier.

Buyers outnumbered sellers: 85 funds opened new PEB positions and 33 closed out — a net gain of 52 holders — while 137 added to existing stakes and 47 trimmed.

The largest buyer was BlackRock, adding an estimated $412M. The largest seller was Fuller & Thaler Asset Management, cutting an estimated $28.4M.

  • 288 institutional investors held Pebblebrook Hotel Trust (PEB) as of Q4 2018, up from 236 in Q3 2018.
  • Funds reported $3.95B of Pebblebrook Hotel Trust stock for Q4 2018, up 19% quarter-over-quarter.
  • 85 funds opened new Pebblebrook Hotel Trust positions in Q4 2018 and 33 closed out, a net change of +52 holders.
  • The largest Pebblebrook Hotel Trust buyer in Q4 2018 was BlackRock, an estimated $412M added.
  • The largest Pebblebrook Hotel Trust seller in Q4 2018 was Fuller & Thaler Asset Management, an estimated $28.4M sold.

Based on aggregated 13F filings for Q4 2018.