Tanger
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$367M |
| 2 |
Cohen & Steers
New York
|
+$31.4M |
| 3 |
State Street
Boston,
Massachusetts
|
+$27.3M |
| 4 |
ESCM
Echo Street Capital Management
New York
|
+$19.8M |
| 5 |
First Manhattan
New York
|
+$17.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$28.2M |
| 2 |
Millennium Management
New York
|
-$19.4M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$14.8M |
| 4 |
Lazard Asset Management
New York
|
-$12M |
| 5 |
ACM
AEW Capital Management
Boston,
Massachusetts
|
-$9.04M |
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.