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RLJ Lodging Trust
RLJ

199 hedge funds and large institutions have $3.34B invested in RLJ Lodging Trust in 2018 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 67 increasing their positions, 83 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.15% less ownership

Funds ownership: 100.32% → 98.17% (-2.1%)

9% less funds holding

Funds holding: 219 → 199 (-20)

13% less capital invested

Capital invested by funds: $3.86B → $3.34B (-$518M)

19% less repeat investments, than reductions

Existing positions increased: 67 | Existing positions reduced: 83

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

53% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 34

79% less call options, than puts

Call options by funds: $2.09M | Put options by funds: $9.78M

Holders
199
Holders Change
-20
Holders Change %
-9.13%
% of All Funds
4.56%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
16
Increased
67
Reduced
83
Closed
34
Calls
$2.09M
Puts
$9.78M
Net Calls
-$7.69M
Net Calls Change
-$1.37M

Top Buyers

1
Cohen & Steers
Cohen & Steers
New York
+$88M
2
Daiwa Securities Group
Daiwa Securities Group
Japan
+$49.7M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$44M
4
CIMLRA
CBRE Investment Management Listed Real Assets
Pennsylvania
+$15.7M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$13.2M

Top Sellers

1
JP Morgan Chase
JP Morgan Chase
New York
-$43.9M
2
Northern Trust
Northern Trust
Illinois
-$37.4M
3
Goldman Sachs
Goldman Sachs
New York
-$35.3M
4
Invesco
Invesco
Georgia
-$30.6M
5
Vanguard Group
Vanguard Group
Pennsylvania
-$28.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$515M -$28.7M -1,350,382 -5%
BlackRock
2
BlackRock
New York
$311M -$2.26M -106,228 -0.7%
Cohen & Steers
3
Cohen & Steers
New York
$283M +$88M +4,140,826 +40%
JP Morgan Chase
4
JP Morgan Chase
New York
$235M -$43.9M -2,066,267 -15%
Goldman Sachs
5
Goldman Sachs
New York
$145M -$35.3M -1,662,461 -18%
State Street
6
State Street
Massachusetts
$129M +$9.9M +465,949 +8%
Daiwa Securities Group
7
Daiwa Securities Group
Japan
$118M +$49.7M +2,339,685 +63%
LIMS
8
Lasalle Investment Management Securities
Maryland
$91M -$14.3M -672,387 -13%
Invesco
9
Invesco
Georgia
$82.8M -$30.6M -1,440,780 -25%
Morgan Stanley
10
Morgan Stanley
New York
$80M -$2.03M -95,367 -2%
LBIM
11
Land & Buildings Investment Management
Connecticut
$65.4M -$926K -43,559 -1%
Northern Trust
12
Northern Trust
Illinois
$59.7M -$37.4M -1,761,707 -36%
Fisher Asset Management
13
Fisher Asset Management
Washington
$54.8M -$1.08M -50,769 -2%
Dimensional Fund Advisors
14
Dimensional Fund Advisors
Texas
$53.9M +$1.86M +87,378 +3%
Fidelity Investments
15
Fidelity Investments
Massachusetts
$53.8M +$44M +2,071,573 +297%
Charles Schwab
16
Charles Schwab
California
$52.8M +$5.37M +252,725 +10%
SAM
17
Scopus Asset Management
New York
$49M -$4.89M -230,000 -8%
Citadel Advisors
18
Citadel Advisors
Florida
$48.4M +$1.04M +48,766 +2%
ACM
19
AEW Capital Management
Massachusetts
$48.4M +$1.98M +93,150 +4%
Geode Capital Management
20
Geode Capital Management
Massachusetts
$39.9M -$2.02M -95,055 -4%
AAMU
21
APG Asset Management US
New York
$36M – – –
Norges Bank
22
Norges Bank
Norway
$35.3M – – –
DPIM
23
Duff & Phelps Investment Management
Illinois
$34M +$162K +7,600 +0.4%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$28.5M +$608K +28,588 +2%
N
25
Nuveen
North Carolina
$28.1M +$3.25M +152,709 +12%
1
2 3 4 5

RLJ Hedge Fund Activity: Q1 2018 in Review

199 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in RLJ Lodging Trust (RLJ) for Q1 2018, worth a combined $3.34B — down 13% from $3.86B a quarter earlier.

Sellers outnumbered buyers: 34 funds closed out of RLJ and 16 opened new positions — a net loss of 18 holders — while 83 trimmed existing stakes and 67 added.

The largest buyer was Cohen & Steers, adding an estimated $88M. The largest seller was JP Morgan Chase, cutting an estimated $43.9M.

  • 199 institutional investors held RLJ Lodging Trust (RLJ) as of Q1 2018, down from 219 in Q4 2017.
  • Funds reported $3.34B of RLJ Lodging Trust stock for Q1 2018, down 13% quarter-over-quarter.
  • 16 funds opened new RLJ Lodging Trust positions in Q1 2018 and 34 closed out, a net change of -18 holders.
  • The largest RLJ Lodging Trust buyer in Q1 2018 was Cohen & Steers, an estimated $88M added.
  • The largest RLJ Lodging Trust seller in Q1 2018 was JP Morgan Chase, an estimated $43.9M sold.

Based on aggregated 13F filings for Q1 2018.