Tanger
260 hedge funds and large institutions have $1.69B invested in Tanger in 2023 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 100 increasing their positions, 77 reducing their positions, and 26 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 77
16% more capital invested
Capital invested by funds: $1.46B → $1.69B (+$238M)
3.61% more ownership
Funds ownership: 79.2% → 82.81% (+3.6%)
5% more call options, than puts
Call options by funds: $35.4M | Put options by funds: $33.8M
4% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 26
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% less funds holding
Funds holding: 261 → 260 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$41.5M |
| 2 |
WCP
Waterfront Capital Partners
New York
|
+$23.6M |
| 3 |
ACM
AEW Capital Management
Boston,
Massachusetts
|
+$14.8M |
| 4 |
JP Morgan Chase
New York
|
+$12.4M |
| 5 |
CIMLRA
CBRE Investment Management Listed Real Assets
Radnor,
Pennsylvania
|
+$11.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$19.6M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$18.7M |
| 3 |
GIP
Granite Investment Partners
El Segundo,
California
|
-$16.8M |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$6.52M |
| 5 |
BlackRock
New York
|
-$5.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CJL
276
Cyrus J. Lawrence
New York
| – | -$20K | -1,139 | Closed |
|
|
EBA
277
Eagle Bay Advisors
New York
| – | -$7.18K | -400 | Closed |
|
278
Rockefeller Capital Management
New York
| – | -$4K | -244 | Closed |
|
|
EWA
279
EverSource Wealth Advisors
Birmingham,
Alabama
| – | -$1.81K | -101 | Closed |
|
|
MPWT
280
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$1K | -54 | Closed |
|
|
TWP
281
TFO Wealth Partners
Maumee,
Ohio
| – | -$781 | -42 | Closed |
|
|
AWM
282
Accurate Wealth Management
Wesley Chapel,
Florida
| – | -$602 | -34 | Closed |
|
|
FGAM
283
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$5.17K | -18 | Closed |
|
|
HGERS
284
Householder Group Estate & Retirement Specialist
Scottsdale,
Arizona
| – | +$148 | +8 | New |
|
SKT Hedge Fund Activity: Q1 2023 in Review
260 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q1 2023, worth a combined $1.69B — up 16% from $1.46B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new SKT positions and 26 closed out — a net gain of 1 holder — while 100 added to existing stakes and 77 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $41.5M. The largest seller was Wellington Management Group, cutting an estimated $19.6M.
- 260 institutional investors held Tanger (SKT) as of Q1 2023, down from 261 in Q4 2022.
- Funds reported $1.69B of Tanger stock for Q1 2023, up 16% quarter-over-quarter.
- 27 funds opened new Tanger positions in Q1 2023 and 26 closed out, a net change of +1 holder.
- The largest Tanger buyer in Q1 2023 was Fidelity Investments, an estimated $41.5M added.
- The largest Tanger seller in Q1 2023 was Wellington Management Group, an estimated $19.6M sold.
Based on aggregated 13F filings for Q1 2023.