Tanger
281 hedge funds and large institutions have $3.19B invested in Tanger in 2016 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 120 increasing their positions, 84 reducing their positions, and 34 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 84
14% more capital invested
Capital invested by funds: $2.81B → $3.19B (+$379M)
1.4% more ownership
Funds ownership: 91.15% → 92.55% (+1.4%)
1% more call options, than puts
Call options by funds: $649K | Put options by funds: $645K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 34
2% less funds holding
Funds holding: 286 → 281 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$49.2M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
+$35.4M |
| 3 |
State Street
Boston,
Massachusetts
|
+$25.2M |
| 4 |
CBOA
Commonwealth Bank of Australia
Sydney, NSW,
Australia
|
+$22M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAMU
APG Asset Management US
New York
|
-$40.9M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
-$31.8M |
| 3 |
Morgan Stanley
New York
|
-$24.1M |
| 4 |
TAM
Third Avenue Management
New York
|
-$21.6M |
| 5 |
Millennium Management
New York
|
-$15.9M |
SKT Hedge Fund Activity: Q1 2016 in Review
281 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q1 2016, worth a combined $3.19B — up 14% from $2.81B a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of SKT and 32 opened new positions — a net loss of 2 holders — while 84 trimmed existing stakes and 120 added.
The largest buyer was Cohen & Steers, opening a new position worth an estimated $49.2M. The largest seller was APG Asset Management US, exiting entirely with an estimated $40.9M sold.
- 281 institutional investors held Tanger (SKT) as of Q1 2016, down from 286 in Q4 2015.
- Funds reported $3.19B of Tanger stock for Q1 2016, up 14% quarter-over-quarter.
- 32 funds opened new Tanger positions in Q1 2016 and 34 closed out, a net change of -2 holders.
- The largest Tanger buyer in Q1 2016 was Cohen & Steers, an estimated $49.2M added.
- The largest Tanger seller in Q1 2016 was APG Asset Management US, an estimated $40.9M sold.
Based on aggregated 13F filings for Q1 2016.