Tanger
236 hedge funds and large institutions have $2.82B invested in Tanger in 2014 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 88 increasing their positions, 90 reducing their positions, and 14 closing their positions.
29% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 14
7% more call options, than puts
Call options by funds: $46K | Put options by funds: $43K
1% more funds holding
Funds holding: 234 → 236 (+2)
2% less repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 90
1.67% less ownership
Funds ownership: 91.03% → 89.36% (-1.7%)
8% less capital invested
Capital invested by funds: $3.05B → $2.82B (-$237M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$82.8M |
| 2 |
TAM
Third Avenue Management
New York
|
+$34.8M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$17.7M |
| 4 |
HRES
Heitman Real Estate Securities
Chicago,
Illinois
|
+$15.5M |
| 5 |
Millennium Management
New York
|
+$13.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$109M |
| 2 |
Goldman Sachs
New York
|
-$61.2M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$25.5M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$22.6M |
| 5 |
UBS AM
Chicago,
Illinois
|
-$10.3M |
SKT Hedge Fund Activity: Q3 2014 in Review
236 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q3 2014, worth a combined $2.82B — down 7.7% from $3.05B a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new SKT positions and 14 closed out — a net gain of 4 holders — while 88 added to existing stakes and 90 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $82.8M. The largest seller was Cohen & Steers, exiting entirely with an estimated $109M sold.
- 236 institutional investors held Tanger (SKT) as of Q3 2014, up from 234 in Q2 2014.
- Funds reported $2.82B of Tanger stock for Q3 2014, down 7.7% quarter-over-quarter.
- 18 funds opened new Tanger positions in Q3 2014 and 14 closed out, a net change of +4 holders.
- The largest Tanger buyer in Q3 2014 was Morgan Stanley, an estimated $82.8M added.
- The largest Tanger seller in Q3 2014 was Cohen & Steers, an estimated $109M sold.
Based on aggregated 13F filings for Q3 2014.