Tanger
290 hedge funds and large institutions have $1.83B invested in Tanger in 2018 Q4 according to their latest regulatory filings, with 54 funds opening new positions, 75 increasing their positions, 111 reducing their positions, and 31 closing their positions.
74% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 31
8% more funds holding
Funds holding: 268 → 290 (+22)
1.89% less ownership
Funds ownership: 98.51% → 96.63% (-1.9%)
13% less capital invested
Capital invested by funds: $2.12B → $1.83B (-$281M)
32% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 111
84% less call options, than puts
Call options by funds: $13.8M | Put options by funds: $85.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$10.8M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$10.5M |
| 3 |
Millennium Management
New York
|
+$7.33M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$6.73M |
| 5 |
JIM
Jupiter Investment Management
London,
United Kingdom
|
+$5.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$33.5M |
| 2 |
State Street
Boston,
Massachusetts
|
-$19.9M |
| 3 |
First Manhattan
New York
|
-$10.1M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$9.34M |
| 5 |
ESCM
Echo Street Capital Management
New York
|
-$8M |
SKT Hedge Fund Activity: Q4 2018 in Review
290 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q4 2018, worth a combined $1.83B — down 13% from $2.12B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new SKT positions and 31 closed out — a net gain of 23 holders — while 75 added to existing stakes and 111 trimmed.
The largest buyer was Renaissance Technologies, adding an estimated $10.8M. The largest seller was Principal Financial Group, cutting an estimated $33.5M.
- 290 institutional investors held Tanger (SKT) as of Q4 2018, up from 268 in Q3 2018.
- Funds reported $1.83B of Tanger stock for Q4 2018, down 13% quarter-over-quarter.
- 54 funds opened new Tanger positions in Q4 2018 and 31 closed out, a net change of +23 holders.
- The largest Tanger buyer in Q4 2018 was Renaissance Technologies, an estimated $10.8M added.
- The largest Tanger seller in Q4 2018 was Principal Financial Group, an estimated $33.5M sold.
Based on aggregated 13F filings for Q4 2018.