Tanger
267 hedge funds and large institutions have $2.32B invested in Tanger in 2017 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 100 increasing their positions, 108 reducing their positions, and 29 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
5.27% more ownership
Funds ownership: 94.86% → 100.12% (+5.3%)
3% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 29
2% less capital invested
Capital invested by funds: $2.38B → $2.32B (-$54.5M)
7% less repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 108
1% less funds holding
Funds holding: 270 → 267 (-3)
93% less call options, than puts
Call options by funds: $3.31M | Put options by funds: $44.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$185M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
+$29.4M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$20.5M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$16.1M |
| 5 |
ESCM
Echo Street Capital Management
New York
|
+$14.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$51.1M |
| 2 |
Morgan Stanley
New York
|
-$40.9M |
| 3 |
DPIM
Duff & Phelps Investment Management
Chicago,
Illinois
|
-$27.1M |
| 4 |
AII
AGF Investments Inc
Toronto,
Ontario, Canada
|
-$20.5M |
| 5 |
Los Angeles Capital Management
Los Angeles,
California
|
-$17.6M |
SKT Hedge Fund Activity: Q3 2017 in Review
267 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q3 2017, worth a combined $2.32B — down 2.3% from $2.38B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new SKT positions and 29 closed out — a net gain of 1 holder — while 100 added to existing stakes and 108 trimmed.
The largest buyer was State Street, adding an estimated $185M. The largest seller was Millennium Management, cutting an estimated $51.1M.
- 267 institutional investors held Tanger (SKT) as of Q3 2017, down from 270 in Q2 2017.
- Funds reported $2.32B of Tanger stock for Q3 2017, down 2.3% quarter-over-quarter.
- 30 funds opened new Tanger positions in Q3 2017 and 29 closed out, a net change of +1 holder.
- The largest Tanger buyer in Q3 2017 was State Street, an estimated $185M added.
- The largest Tanger seller in Q3 2017 was Millennium Management, an estimated $51.1M sold.
Based on aggregated 13F filings for Q3 2017.