Tanger
249 hedge funds and large institutions have $1.2B invested in Tanger in 2021 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 74 increasing their positions, 89 reducing their positions, and 47 closing their positions.
56% more capital invested
Capital invested by funds: $765M → $1.2B (+$432M)
2.51% more ownership
Funds ownership: 82.2% → 84.71% (+2.5%)
2% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 47
0% more funds holding
Funds holding: 249 → 249 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
14% less call options, than puts
Call options by funds: $91.5M | Put options by funds: $107M
17% less repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 89
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$22M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$18.6M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$18M |
| 4 |
BlackRock
New York
|
+$15.8M |
| 5 |
FAM
Fred Alger Management
New York
|
+$12.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$11.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$8.82M |
| 3 |
LCM
Lonestar Capital Management
San Francisco,
California
|
-$7.97M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$6.42M |
| 5 |
LGP
Leonard Green & Partners
Los Angeles,
California
|
-$5.9M |
SKT Hedge Fund Activity: Q1 2021 in Review
249 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q1 2021, worth a combined $1.2B — up 56% from $765M a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new SKT positions and 47 closed out — a net gain of 1 holder — while 74 added to existing stakes and 89 trimmed.
The largest buyer was Capital Growth Management, opening a new position worth an estimated $22M. The largest seller was Citigroup, cutting an estimated $11.2M.
- 249 institutional investors held Tanger (SKT) as of Q1 2021, unchanged from Q4 2020.
- Funds reported $1.2B of Tanger stock for Q1 2021, up 56% quarter-over-quarter.
- 48 funds opened new Tanger positions in Q1 2021 and 47 closed out, a net change of +1 holder.
- The largest Tanger buyer in Q1 2021 was Capital Growth Management, an estimated $22M added.
- The largest Tanger seller in Q1 2021 was Citigroup, an estimated $11.2M sold.
Based on aggregated 13F filings for Q1 2021.