SELECT INCOME REIT
SIR
SIR was delisted on the 31st of December, 2018.
175 hedge funds and large institutions have $429M invested in SELECT INCOME REIT in 2018 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 8 increasing their positions, 129 reducing their positions, and 57 closing their positions.
10% less funds holding
Funds holding: 194 → 175 (-19)
33% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 57
44% less call options, than puts
Call options by funds: $190K | Put options by funds: $341K
57% less capital invested
Capital invested by funds: $1.01B → $429M (-$577M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
94% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 129
Top Buyers
| 1 |
HI
HBK Investments
Dallas,
Texas
|
+$37.4M |
| 2 |
AAM
Alpine Associates Management
Palm Beach,
Florida
|
+$16.3M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$13.2M |
| 4 |
SSG
Summit Securities Group
New York
|
+$5.96M |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$5M |
Top Sellers
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$71.4M |
| 2 |
BlackRock
New York
|
-$40.7M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
-$39.4M |
| 4 |
State Street
Boston,
Massachusetts
|
-$36.7M |
| 5 |
JLBC
J.L. Bainbridge & Co
Sarasota,
Florida
|
-$27.6M |
SIR Hedge Fund Activity: Q4 2018 in Review
175 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in SELECT INCOME REIT (SIR) for Q4 2018, worth a combined $429M — down 57% from $1.01B a quarter earlier.
Sellers outnumbered buyers: 57 funds closed out of SIR and 38 opened new positions — a net loss of 19 holders — while 129 trimmed existing stakes and 8 added.
The largest buyer was HBK Investments, opening a new position worth an estimated $37.4M. The largest seller was Vanguard Group, cutting an estimated $71.4M.
- 175 institutional investors held SELECT INCOME REIT (SIR) as of Q4 2018, down from 194 in Q3 2018.
- Funds reported $429M of SELECT INCOME REIT stock for Q4 2018, down 57% quarter-over-quarter.
- 38 funds opened new SELECT INCOME REIT positions in Q4 2018 and 57 closed out, a net change of -19 holders.
- The largest SELECT INCOME REIT buyer in Q4 2018 was HBK Investments, an estimated $37.4M added.
- The largest SELECT INCOME REIT seller in Q4 2018 was Vanguard Group, an estimated $71.4M sold.
Based on aggregated 13F filings for Q4 2018.