Tanger
SKT
284 hedge funds and large institutions have $3.78B invested in Tanger in 2016 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 112 increasing their positions, 97 reducing their positions, and 24 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
25% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 24
19% more capital invested
Capital invested by funds: $3.19B → $3.78B (+$595M)
15% more repeat investments, than reductions
Existing positions increased: 112 | Existing positions reduced: 97
5.41% more ownership
Funds ownership: 92.55% → 97.96% (+5.4%)
1% more funds holding
Funds holding: 281 → 284 (+3)
13% less call options, than puts
Call options by funds: $1.51M | Put options by funds: $1.74M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$229M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$56.5M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$27.7M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$13.8M |
| 5 |
Bank of New York Mellon
New York
|
+$9.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Third Avenue Management
New York
|
-$49.2M |
| 2 |
Millennium Management
New York
|
-$44M |
| 3 |
Morgan Stanley
New York
|
-$27.5M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$16.2M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$13M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HI
301
HBK Investments
Dallas,
Texas
| – | -$284K | -7,807 | Closed |
|
302
Tudor Investment Corp
Stamford,
Connecticut
| – | -$264K | -7,255 | Closed |
|
|
PCM
303
Penserra Capital Management
Orinda,
California
| – | -$215 | -5,928 | Closed |
|
304
Squarepoint
New York
| – | -$204K | -5,596 | Closed |
|
|
ST
305
Spot Trading
Chicago,
Illinois
| – | -$61.9K | -1,700 | Closed |
|
306
Simplex Trading
Chicago,
Illinois
| – | -$37.7K | -1,035 | Closed |
|
|
CG
307
Cutler Group
San Francisco,
California
| – | -$17.1K | -469 | Closed |
|
|
PHK
308
Point72 Hong Kong
Hong Kong
| – | -$4K | -100 | Closed |
|
|
GI
309
Gradient Investments
Arden Hills,
Minnesota
| – | -$1K | -28 | Closed |
|
SKT Hedge Fund Activity: Q2 2016 in Review
284 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q2 2016, worth a combined $3.78B — up 19% from $3.19B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new SKT positions and 24 closed out — a net gain of 6 holders — while 112 added to existing stakes and 97 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $229M. The largest seller was Third Avenue Management, cutting an estimated $49.2M.
- 284 institutional investors held Tanger (SKT) as of Q2 2016, up from 281 in Q1 2016.
- Funds reported $3.78B of Tanger stock for Q2 2016, up 19% quarter-over-quarter.
- 30 funds opened new Tanger positions in Q2 2016 and 24 closed out, a net change of +6 holders.
- The largest Tanger buyer in Q2 2016 was Cohen & Steers, an estimated $229M added.
- The largest Tanger seller in Q2 2016 was Third Avenue Management, an estimated $49.2M sold.
Based on aggregated 13F filings for Q2 2016.