SITE Centers
SITC
217 hedge funds and large institutions have $2.68B invested in SITE Centers in 2018 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 60 increasing their positions, 106 reducing their positions, and 63 closing their positions.
64.49% more ownership
Funds ownership: 62.82% → 127.32% (+64%)
22% more capital invested
Capital invested by funds: $2.19B → $2.68B (+$488M)
12% less funds holding
Funds holding: 247 → 217 (-30)
19% less call options, than puts
Call options by funds: $5.78M | Put options by funds: $7.16M
43% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 106
44% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 63
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$118M |
| 2 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$99.1M |
| 3 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$40.1M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$20.7M |
| 5 |
Millennium Management
New York
|
+$19.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
-$91.6M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$57.9M |
| 3 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
-$38M |
| 4 |
AAMU
APG Asset Management US
New York
|
-$33M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$25.7M |
SITC Hedge Fund Activity: Q2 2018 in Review
217 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in SITE Centers (SITC) for Q2 2018, worth a combined $2.68B — up 22% from $2.19B a quarter earlier.
Sellers outnumbered buyers: 63 funds closed out of SITC and 35 opened new positions — a net loss of 28 holders — while 106 trimmed existing stakes and 60 added.
The largest buyer was Cohen & Steers, adding an estimated $118M. The largest seller was HG Vora Capital Management, exiting entirely with an estimated $91.6M sold.
- 217 institutional investors held SITE Centers (SITC) as of Q2 2018, down from 247 in Q1 2018.
- Funds reported $2.68B of SITE Centers stock for Q2 2018, up 22% quarter-over-quarter.
- 35 funds opened new SITE Centers positions in Q2 2018 and 63 closed out, a net change of -28 holders.
- The largest SITE Centers buyer in Q2 2018 was Cohen & Steers, an estimated $118M added.
- The largest SITE Centers seller in Q2 2018 was HG Vora Capital Management, an estimated $91.6M sold.
Based on aggregated 13F filings for Q2 2018.