SITE Centers
SITC
247 hedge funds and large institutions have $2.19B invested in SITE Centers in 2018 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 92 increasing their positions, 83 reducing their positions, and 52 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 83
0.56% less ownership
Funds ownership: 63.39% → 62.82% (-0.56%)
7% less funds holding
Funds holding: 265 → 247 (-18)
19% less capital invested
Capital invested by funds: $2.71B → $2.19B (-$517M)
33% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 52
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
55% less call options, than puts
Call options by funds: $4.95M | Put options by funds: $11.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$205M |
| 2 |
Daiwa Securities Group
Tokyo,
Japan
|
+$79.5M |
| 3 |
HVCM
HG Vora Capital Management
New York
|
+$35.1M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$23.1M |
| 5 |
Aberdeen Group
Edinburgh,
United Kingdom
|
+$11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$114M |
| 2 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
-$59.4M |
| 3 |
Bank of New York Mellon
New York
|
-$46.1M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$31.1M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$21.8M |
SITC Hedge Fund Activity: Q1 2018 in Review
247 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in SITE Centers (SITC) for Q1 2018, worth a combined $2.19B — down 19% from $2.71B a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of SITC and 35 opened new positions — a net loss of 17 holders — while 83 trimmed existing stakes and 92 added.
The largest buyer was Cohen & Steers, adding an estimated $205M. The largest seller was Brookfield Corp, exiting entirely with an estimated $114M sold.
- 247 institutional investors held SITE Centers (SITC) as of Q1 2018, down from 265 in Q4 2017.
- Funds reported $2.19B of SITE Centers stock for Q1 2018, down 19% quarter-over-quarter.
- 35 funds opened new SITE Centers positions in Q1 2018 and 52 closed out, a net change of -17 holders.
- The largest SITE Centers buyer in Q1 2018 was Cohen & Steers, an estimated $205M added.
- The largest SITE Centers seller in Q1 2018 was Brookfield Corp, an estimated $114M sold.
Based on aggregated 13F filings for Q1 2018.