SELECT INCOME REIT
SIR
SIR was delisted on the 31st of December, 2018.
164 hedge funds and large institutions have $721M invested in SELECT INCOME REIT in 2015 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 77 increasing their positions, 51 reducing their positions, and 23 closing their positions.
51% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 51
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
5% less funds holding
Funds holding: 173 → 164 (-9)
10% less capital invested
Capital invested by funds: $800M → $721M (-$78.9M)
39% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 23
97% less call options, than puts
Call options by funds: $14K | Put options by funds: $525K
Top Buyers
| 1 |
ESCM
Echo Street Capital Management
New York
|
+$17.3M |
| 2 |
Morgan Stanley
New York
|
+$15M |
| 3 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$7.7M |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
+$6.56M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.22M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DTL
176
Dynamic Technology Lab
Singapore
| – | -$345K | -37,613 | Closed |
|
|
TRCT
177
Tower Research Capital (TRC)
New York
| – | -$340K | -37,508 | Closed |
|
|
VKH
178
Virtu KCG Holdings
New York
| – | -$339K | -37,387 | Closed |
|
|
RA
179
RFG Advisory
Birmingham,
Alabama
| – | -$318K | -35,065 | Closed |
|
|
NBC
180
Neuberger Berman Canada
Toronto,
Ontario, Canada
| – | -$271K | -29,868 | Closed |
|
181
Principal Financial Group
Des Moines,
Iowa
| – | -$242K | -26,643 | Closed |
|
182
SG Americas Securities
New York
| – | -$229K | -25,296 | Closed |
|
|
ECM
183
Element Capital Management
New York
| – | -$99.1K | -10,920 | Closed |
|
|
JG
184
Jefferies Group
New York
| – | -$13K | -1,399 | Closed |
|
|
BFEC
185
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$8K | -910 | Closed |
|
|
SSG
186
Summit Securities Group
New York
| – | -$8K | -910 | Closed |
|
187
Simplex Trading
Chicago,
Illinois
| – | -$946 | -109 | Closed |
|
SIR Hedge Fund Activity: Q3 2015 in Review
164 of the 3,581 institutional investors tracked by Wall St. Rank reported a position in SELECT INCOME REIT (SIR) for Q3 2015, worth a combined $721M — down 9.9% from $800M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of SIR and 14 opened new positions — a net loss of 9 holders — while 51 trimmed existing stakes and 77 added.
The largest buyer was Echo Street Capital Management, adding an estimated $17.3M. The largest seller was Allianz Asset Management, exiting entirely with an estimated $26.8M sold.
- 164 institutional investors held SELECT INCOME REIT (SIR) as of Q3 2015, down from 173 in Q2 2015.
- Funds reported $721M of SELECT INCOME REIT stock for Q3 2015, down 9.9% quarter-over-quarter.
- 14 funds opened new SELECT INCOME REIT positions in Q3 2015 and 23 closed out, a net change of -9 holders.
- The largest SELECT INCOME REIT buyer in Q3 2015 was Echo Street Capital Management, an estimated $17.3M added.
- The largest SELECT INCOME REIT seller in Q3 2015 was Allianz Asset Management, an estimated $26.8M sold.
Based on aggregated 13F filings for Q3 2015.