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Tanger
SKT

285 hedge funds and large institutions have $3.2B invested in Tanger in 2016 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 113 increasing their positions, 99 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

72% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 18

14% more repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 99

4% more funds holding

Funds holding: 275 → 285 (+10)

7% less call options, than puts

Call options by funds: $19.6M | Put options by funds: $21.1M

1.03% less ownership

Funds ownership: 94.3% → 93.26% (-1%)

9% less capital invested

Capital invested by funds: $3.51B → $3.2B (-$306M)

Holders
285
Holders Change
+10
Holders Change %
+3.64%
% of All Funds
7.13%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
31
Increased
113
Reduced
99
Closed
18
Calls
$19.6M
Puts
$21.1M
Net Calls
-$1.48M
Net Calls Change
-$1.81M

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$25.3M
2
Principal Financial Group
Principal Financial Group
Iowa
+$19.4M
3
AII
AGF Investments Inc
Ontario, Canada
+$19.1M
4
Bank of New York Mellon
Bank of New York Mellon
New York
+$16.5M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$15.5M

Top Sellers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
-$105M
2
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$24.5M
3
State Street
State Street
Massachusetts
-$17.2M
4
Renaissance Technologies
Renaissance Technologies
New York
-$12.7M
5
BA
Boston Advisors
Massachusetts
-$12.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Geode Capital Management
26
Geode Capital Management
Massachusetts
$28.4M +$1.05M +29,772 +4%
AII
27
AGF Investments Inc
Ontario, Canada
$26.9M +$19.1M +540,782 +256%
Millennium Management
28
Millennium Management
New York
$25.7M +$25.3M +717,705 New
Ameriprise
29
Ameriprise
Minnesota
$24.1M +$97.1K +2,752 +0.4%
Lazard Asset Management
30
Lazard Asset Management
New York
$24M +$6.27M +177,702 +36%
CCM
31
Copeland Capital Management
Pennsylvania
$23.4M +$2.96M +83,921 +15%
Bank of America
32
Bank of America
North Carolina
$23.1M -$5.58M -158,097 -20%
SFM
33
Systematic Financial Management
New Jersey
$22.7M +$5.32M +150,869 +31%
Goldman Sachs
34
Goldman Sachs
New York
$21.6M +$5.29M +150,004 +33%
O
35
OppenheimerFunds
New York
$20.7M -$1.72M -48,730 -8%
HSBC Holdings
36
HSBC Holdings
United Kingdom
$20.4M +$44.3K +1,256 +0.2%
BA
37
BlackRock Advisors
Delaware
$20.2M +$5.53M +156,755 +38%
LSV Asset Management
38
LSV Asset Management
Illinois
$19.1M -$1.28M -36,300 -6%
Invesco
39
Invesco
Georgia
$18.6M -$1.07M -30,423 -6%
First Manhattan
40
First Manhattan
New York
$18.5M +$13.5M +381,744 +282%
BNP Paribas Asset Management
41
BNP Paribas Asset Management
France
$18.4M -$3.53M -100,123 -16%
William Blair Investment Management
42
William Blair Investment Management
Illinois
$17.9M +$2.59M +73,367 +17%
BIM
43
BlackRock Investment Management
Delaware
$15.1M +$2.43M +68,798 +19%
CS
44
Credit Suisse
Switzerland
$14.5M +$327K +9,276 +2%
TCIM
45
TIAA CREF Investment Management
New York
$13.9M +$3.76M +106,652 +38%
BlackRock
46
BlackRock
New York
$13.8M +$326K +9,250 +2%
Diamond Hill Capital Management
47
Diamond Hill Capital Management
Ohio
$13.5M +$397K +11,248 +3%
CAG
48
Crestwood Advisors Group
Massachusetts
$12.7M +$255K +7,219 +2%
IGIM
49
I.G. Investment Management
Manitoba, Canada
$12.3M – – –
SEI Investments
50
SEI Investments
Pennsylvania
$11.6M -$1.88M -53,227 -14%
1
2
3 4 5

SKT Hedge Fund Activity: Q4 2016 in Review

285 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q4 2016, worth a combined $3.2B — down 8.7% from $3.51B a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new SKT positions and 18 closed out — a net gain of 13 holders — while 113 added to existing stakes and 99 trimmed.

The largest buyer was Millennium Management, opening a new position worth an estimated $25.3M. The largest seller was Cohen & Steers, cutting an estimated $105M.

  • 285 institutional investors held Tanger (SKT) as of Q4 2016, up from 275 in Q3 2016.
  • Funds reported $3.2B of Tanger stock for Q4 2016, down 8.7% quarter-over-quarter.
  • 31 funds opened new Tanger positions in Q4 2016 and 18 closed out, a net change of +13 holders.
  • The largest Tanger buyer in Q4 2016 was Millennium Management, an estimated $25.3M added.
  • The largest Tanger seller in Q4 2016 was Cohen & Steers, an estimated $105M sold.

Based on aggregated 13F filings for Q4 2016.