Tanger
264 hedge funds and large institutions have $397M invested in Tanger in 2020 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 94 increasing their positions, 86 reducing their positions, and 59 closing their positions.
10% more call options, than puts
Call options by funds: $12M | Put options by funds: $10.8M
9% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 86
5% less funds holding
Funds holding: 277 → 264 (-13)
15% less first-time investments, than exits
New positions opened: 50 | Existing positions closed: 59
25.79% less ownership
Funds ownership: 111.56% → 85.77% (-26%)
74% less capital invested
Capital invested by funds: $1.53B → $397M (-$1.13B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$33M |
| 2 |
Millennium Management
New York
|
+$18.9M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$15M |
| 4 |
LPAM
Legion Partners Asset Management
Los Angeles,
California
|
+$11.7M |
| 5 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$8.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$298M |
| 2 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
-$30.1M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$9.98M |
| 4 |
ProShare Advisors
Bethesda,
Maryland
|
-$9.87M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$9.27M |
SKT Hedge Fund Activity: Q1 2020 in Review
264 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q1 2020, worth a combined $397M — down 74% from $1.53B a quarter earlier.
Sellers outnumbered buyers: 59 funds closed out of SKT and 50 opened new positions — a net loss of 9 holders — while 86 trimmed existing stakes and 94 added.
The largest buyer was BlackRock, adding an estimated $33M. The largest seller was State Street, cutting an estimated $298M.
- 264 institutional investors held Tanger (SKT) as of Q1 2020, down from 277 in Q4 2019.
- Funds reported $397M of Tanger stock for Q1 2020, down 74% quarter-over-quarter.
- 50 funds opened new Tanger positions in Q1 2020 and 59 closed out, a net change of -9 holders.
- The largest Tanger buyer in Q1 2020 was BlackRock, an estimated $33M added.
- The largest Tanger seller in Q1 2020 was State Street, an estimated $298M sold.
Based on aggregated 13F filings for Q1 2020.