Tanger
SKT
253 hedge funds and large institutions have $538M invested in Tanger in 2020 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 75 increasing their positions, 92 reducing their positions, and 53 closing their positions.
36% more capital invested
Capital invested by funds: $397M → $538M (+$141M)
4% less funds holding
Funds holding: 264 → 253 (-11)
5.02% less ownership
Funds ownership: 85.77% → 80.75% (-5%)
13% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 53
18% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 92
48% less call options, than puts
Call options by funds: $21.3M | Put options by funds: $41.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$8.71M |
| 2 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$4.43M |
| 3 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
+$3.64M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.6M |
| 5 |
Morgan Stanley
New York
|
+$3.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$10.2M |
| 2 |
Millennium Management
New York
|
-$5.57M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$5.04M |
| 4 |
Bank of New York Mellon
New York
|
-$3.62M |
| 5 |
HP
Hound Partners
New York
|
-$3.22M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PFO
301
Pathstone Family Office
Englewood,
New Jersey
| – | -$1K | -100 | Closed |
|
302
Simplex Trading
Chicago,
Illinois
| – | -$661 | -100 | Closed |
|
|
VFA
303
Valeo Financial Advisors
Carmel,
Indiana
| – | +$66 | +10 | New |
|
|
CBT
304
Central Bank & Trust
Lexington,
Kentucky
| – | +$119 | +18 | New |
|
|
HGWM
305
Harvest Group Wealth Management
Waltham,
Massachusetts
| – | +$364 | +55 | New |
|
SKT Hedge Fund Activity: Q2 2020 in Review
253 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q2 2020, worth a combined $538M — up 36% from $397M a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of SKT and 46 opened new positions — a net loss of 7 holders — while 92 trimmed existing stakes and 75 added.
The largest buyer was Landscape Capital Management, opening a new position worth an estimated $8.71M. The largest seller was Vanguard Group, cutting an estimated $10.2M.
- 253 institutional investors held Tanger (SKT) as of Q2 2020, down from 264 in Q1 2020.
- Funds reported $538M of Tanger stock for Q2 2020, up 36% quarter-over-quarter.
- 46 funds opened new Tanger positions in Q2 2020 and 53 closed out, a net change of -7 holders.
- The largest Tanger buyer in Q2 2020 was Landscape Capital Management, an estimated $8.71M added.
- The largest Tanger seller in Q2 2020 was Vanguard Group, an estimated $10.2M sold.
Based on aggregated 13F filings for Q2 2020.