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Pebblebrook Hotel Trust

272 hedge funds and large institutions have $4.6B invested in Pebblebrook Hotel Trust in 2019 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 85 increasing their positions, 116 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

16% more capital invested

Capital invested by funds: $3.95B → $4.6B (+$647M)

6.12% more ownership

Funds ownership: 108.23%114.35% (+6.1%)

6% less funds holding

Funds holding: 288272 (-16)

27% less repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 116

30% less first-time investments, than exits

New positions opened: 35 | Existing positions closed: 50

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $273K

Holders
272
Holders Change
-16
Holders Change %
-5.56%
% of All Funds
5.89%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
35
Increased
85
Reduced
116
Closed
50
Calls
Puts
$273K
Net Calls
-$273K
Net Calls Change
+$79K
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$602M +$10.6M +336,429 +2%
BlackRock
2
BlackRock
New York
$585M -$15.3M -486,720 -3%
Cohen & Steers
3
Cohen & Steers
New York
$388M +$49.6M +1,571,978 +14%
State Street
4
State Street
Massachusetts
$236M +$48.2M +1,527,770 +26%
Daiwa Securities Group
5
Daiwa Securities Group
Japan
$193M +$41.9M +1,330,005 +27%
SAM
6
Silvercrest Asset Management
New York
$154M -$1.41M -44,746 -0.9%
Northern Trust
7
Northern Trust
Illinois
$139M -$3.67M -116,258 -3%
JP Morgan Chase
8
JP Morgan Chase
New York
$132M +$63.2M +2,004,224 +89%
Invesco
9
Invesco
Georgia
$132M +$69.4M +2,200,958 +108%
Goldman Sachs
10
Goldman Sachs
New York
$128M -$3.49M -110,534 -3%
T. Rowe Price Associates
11
T. Rowe Price Associates
Maryland
$83.4M -$12.3M -389,810 -13%
Dimensional Fund Advisors
12
Dimensional Fund Advisors
Texas
$73.9M -$810K -25,673 -1%
LIMS
13
Lasalle Investment Management Securities
Maryland
$72M +$10.3M +326,620 +16%
HRES
14
Heitman Real Estate Securities
Illinois
$68.9M +$17.9M +566,973 +34%
EARNEST Partners
15
EARNEST Partners
Georgia
$67.5M +$827K +26,222 +1%
Charles Schwab
16
Charles Schwab
California
$67M +$3.79M +120,254 +6%
CIMLRA
17
CBRE Investment Management Listed Real Assets
Pennsylvania
$63.2M +$26.4M +837,934 +70%
Geode Capital Management
18
Geode Capital Management
Massachusetts
$60.4M +$5.46M +173,117 +10%
Norges Bank
19
Norges Bank
Norway
$54.9M +$8.44M +267,755 +18%
Macquarie Group
20
Macquarie Group
Australia
$54.9M +$4.24M +134,318 +8%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$54M -$1.52M -48,231 -3%
ZP
22
Zimmer Partners
New York
$52.3M +$53.1M +1,683,000 New
Jennison Associates
23
Jennison Associates
New York
$50.5M -$1.43M -45,409 -3%
ClearBridge Investments
24
ClearBridge Investments
New York
$47.5M -$451K -14,294 -0.9%
Principal Financial Group
25
Principal Financial Group
Iowa
$46.9M +$2.75M +87,220 +6%

PEB Hedge Fund Activity: Q1 2019 in Review

272 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Pebblebrook Hotel Trust (PEB) for Q1 2019, worth a combined $4.6B — up 16% from $3.95B a quarter earlier.

Sellers outnumbered buyers: 50 funds closed out of PEB and 35 opened new positions — a net loss of 15 holders — while 116 trimmed existing stakes and 85 added.

The largest buyer was Invesco, adding an estimated $69.4M. The largest seller was D.E. Shaw & Co, cutting an estimated $24.5M.

  • 272 institutional investors held Pebblebrook Hotel Trust (PEB) as of Q1 2019, down from 288 in Q4 2018.
  • Funds reported $4.6B of Pebblebrook Hotel Trust stock for Q1 2019, up 16% quarter-over-quarter.
  • 35 funds opened new Pebblebrook Hotel Trust positions in Q1 2019 and 50 closed out, a net change of -15 holders.
  • The largest Pebblebrook Hotel Trust buyer in Q1 2019 was Invesco, an estimated $69.4M added.
  • The largest Pebblebrook Hotel Trust seller in Q1 2019 was D.E. Shaw & Co, an estimated $24.5M sold.

Based on aggregated 13F filings for Q1 2019.