Tanger
SKT
270 hedge funds and large institutions have $2.38B invested in Tanger in 2017 Q2 according to their latest regulatory filings, with 50 funds opening new positions, 119 increasing their positions, 82 reducing their positions, and 38 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 82
32% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 38
3% more funds holding
Funds holding: 261 → 270 (+9)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.95% less ownership
Funds ownership: 95.81% → 94.86% (-0.95%)
21% less capital invested
Capital invested by funds: $3.02B → $2.38B (-$645M)
88% less call options, than puts
Call options by funds: $1.51M | Put options by funds: $12.3M
Top Buyers
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
+$74.7M |
| 2 |
Millennium Management
New York
|
+$65.1M |
| 3 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
+$55.8M |
| 4 |
State Street
Boston,
Massachusetts
|
+$32.4M |
| 5 |
Barclays
London,
United Kingdom
|
+$17.1M |
Top Sellers
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$91.6M |
| 2 |
Cohen & Steers
New York
|
-$84.6M |
| 3 |
Morgan Stanley
New York
|
-$64.7M |
| 4 |
CIC
Crawford Investment Counsel
Atlanta,
Georgia
|
-$32.6M |
| 5 |
Renaissance Technologies
New York
|
-$27M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JFGIW
301
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
| – | -$31K | -950 | Closed |
|
|
HCA
302
Harbour Capital Advisors
Tysons Corner,
Virginia
| – | -$28.7K | -875 | Closed |
|
|
AIM
303
Acrospire Investment Management
Chicago,
Illinois
| – | -$26K | -800 | Closed |
|
304
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$8K | -240 | Closed |
|
|
WT
305
Whittier Trust
South Pasadena,
California
| – | -$7K | -206 | Closed |
|
|
TG
306
TLP Group
Evanston,
Illinois
| – | -$5K | -151 | Closed |
|
307
Parallax Volatility Advisers
San Francisco,
California
| – | -$4.21K | -148 | Closed |
|
308
AssetMark Inc
Concord,
California
| – | -$2K | -62 | Closed |
|
|
EFSCE
309
Enterprise Financial Services Corp (EFSC)
Clayton,
Missouri
| – | -$1K | -42 | Closed |
|
SKT Hedge Fund Activity: Q2 2017 in Review
270 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q2 2017, worth a combined $2.38B — down 21% from $3.02B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new SKT positions and 38 closed out — a net gain of 12 holders — while 119 added to existing stakes and 82 trimmed.
The largest buyer was Principal Financial Group, adding an estimated $74.7M. The largest seller was Massachusetts Financial Services, exiting entirely with an estimated $91.6M sold.
- 270 institutional investors held Tanger (SKT) as of Q2 2017, up from 261 in Q1 2017.
- Funds reported $2.38B of Tanger stock for Q2 2017, down 21% quarter-over-quarter.
- 50 funds opened new Tanger positions in Q2 2017 and 38 closed out, a net change of +12 holders.
- The largest Tanger buyer in Q2 2017 was Principal Financial Group, an estimated $74.7M added.
- The largest Tanger seller in Q2 2017 was Massachusetts Financial Services, an estimated $91.6M sold.
Based on aggregated 13F filings for Q2 2017.