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Tanger
SKT

261 hedge funds and large institutions have $3.02B invested in Tanger in 2017 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 120 increasing their positions, 90 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 120 | Existing positions reduced: 90

2.55% more ownership

Funds ownership: 93.26% → 95.81% (+2.5%)

6% less capital invested

Capital invested by funds: $3.2B → $3.02B (-$183M)

9% less funds holding

Funds holding: 286 → 261 (-25)

41% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 39

84% less call options, than puts

Call options by funds: $2.98M | Put options by funds: $18.1M

Holders
261
Holders Change
-25
Holders Change %
-8.74%
% of All Funds
6.5%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
23
Increased
120
Reduced
90
Closed
39
Calls
$2.98M
Puts
$18.1M
Net Calls
-$15.2M
Net Calls Change
-$13.7M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$367M
2
Cohen & Steers
Cohen & Steers
New York
+$31.4M
3
State Street
State Street
Massachusetts
+$27.3M
4
ESCM
Echo Street Capital Management
New York
+$19.8M
5
First Manhattan
First Manhattan
New York
+$17.9M

Top Sellers

Rank Fund Capital Flow
1
Principal Financial Group
Principal Financial Group
Iowa
-$28.2M
2
Millennium Management
Millennium Management
New York
-$19.4M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$14.8M
4
Lazard Asset Management
Lazard Asset Management
New York
-$12M
5
ACM
AEW Capital Management
Massachusetts
-$9.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
CBOA
26
Commonwealth Bank of Australia
Australia
$25.9M -$203K -5,989 -0.8%
AII
27
AGF Investments Inc
Ontario, Canada
$25.8M +$1.21M +35,713 +5%
PAM
28
Panagora Asset Management
Massachusetts
$25.2M -$2.69M -79,325 -9%
Fidelity Investments
29
Fidelity Investments
Massachusetts
$25M -$14.8M -438,400 -36%
Ameriprise
30
Ameriprise
Minnesota
$19.7M -$2.46M -72,658 -11%
HSBC Holdings
31
HSBC Holdings
United Kingdom
$19.4M +$733K +21,648 +4%
Invesco
32
Invesco
Georgia
$18.9M +$1.97M +58,256 +11%
CCM
33
Copeland Capital Management
Pennsylvania
$18.3M -$3.53M -104,161 -16%
LSV Asset Management
34
LSV Asset Management
Illinois
$17.6M +$108K +3,200 +0.6%
Goldman Sachs
35
Goldman Sachs
New York
$17.4M -$2.38M -70,268 -12%
William Blair Investment Management
36
William Blair Investment Management
Illinois
$16.4M -$50.2K -1,483 -0.3%
O
37
OppenheimerFunds
New York
$15.8M -$3.31M -97,641 -17%
Bank of America
38
Bank of America
North Carolina
$14.8M -$6.59M -194,593 -30%
TCIM
39
TIAA CREF Investment Management
New York
$14.7M +$2.06M +60,838 +16%
CS
40
Credit Suisse
Switzerland
$14M +$784K +23,157 +6%
IGIM
41
I.G. Investment Management
Manitoba, Canada
$13.8M +$2.6M +76,700 +22%
Diamond Hill Capital Management
42
Diamond Hill Capital Management
Ohio
$12.5M +$92.2K +2,722 +0.7%
SEI Investments
43
SEI Investments
Pennsylvania
$12M +$1.42M +41,943 +13%
CAG
44
Crestwood Advisors Group
Massachusetts
$11M +$569K +16,821 +5%
N
45
Nuveen
North Carolina
$10.7M +$8.24M +243,390 +294%
JP Morgan Chase
46
JP Morgan Chase
New York
$10.4M +$2.64M +78,038 +33%
Lazard Asset Management
47
Lazard Asset Management
New York
$10.3M -$12M -355,627 -53%
ProShare Advisors
48
ProShare Advisors
Maryland
$9.65M +$2.89M +85,458 +41%
Legal & General Group
49
Legal & General Group
United Kingdom
$9.21M +$1.55M +45,762 +19%
SO
50
STRS Ohio
Ohio
$8.93M -$120K -3,547 -1%
1
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SKT Hedge Fund Activity: Q1 2017 in Review

261 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q1 2017, worth a combined $3.02B — down 5.7% from $3.2B a quarter earlier.

Sellers outnumbered buyers: 39 funds closed out of SKT and 23 opened new positions — a net loss of 16 holders — while 90 trimmed existing stakes and 120 added.

The largest buyer was BlackRock, adding an estimated $367M. The largest seller was Principal Financial Group, cutting an estimated $28.2M.

  • 261 institutional investors held Tanger (SKT) as of Q1 2017, down from 286 in Q4 2016.
  • Funds reported $3.02B of Tanger stock for Q1 2017, down 5.7% quarter-over-quarter.
  • 23 funds opened new Tanger positions in Q1 2017 and 39 closed out, a net change of -16 holders.
  • The largest Tanger buyer in Q1 2017 was BlackRock, an estimated $367M added.
  • The largest Tanger seller in Q1 2017 was Principal Financial Group, an estimated $28.2M sold.

Based on aggregated 13F filings for Q1 2017.