Tanger
278 hedge funds and large institutions have $1.61B invested in Tanger in 2019 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 107 increasing their positions, 89 reducing their positions, and 43 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 89
6.31% more ownership
Funds ownership: 99.04% → 105.35% (+6.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 288 → 278 (-10)
12% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 43
18% less capital invested
Capital invested by funds: $1.95B → $1.61B (-$345M)
40% less call options, than puts
Call options by funds: $9.53M | Put options by funds: $16M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAMU
Marathon Asset Management (UK)
London,
United Kingdom
|
+$42.1M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
+$26.3M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$21.3M |
| 4 |
State Street
Boston,
Massachusetts
|
+$16M |
| 5 |
Millennium Management
New York
|
+$13.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$44.7M |
| 2 |
ESCM
Echo Street Capital Management
New York
|
-$8.42M |
| 3 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$5.81M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$5.08M |
| 5 |
BNP Paribas Asset Management
Paris,
France
|
-$4.88M |
SKT Hedge Fund Activity: Q2 2019 in Review
278 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q2 2019, worth a combined $1.61B — down 18% from $1.95B a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of SKT and 38 opened new positions — a net loss of 5 holders — while 89 trimmed existing stakes and 107 added.
The largest buyer was Marathon Asset Management (UK), opening a new position worth an estimated $42.1M. The largest seller was Principal Financial Group, cutting an estimated $44.7M.
- 278 institutional investors held Tanger (SKT) as of Q2 2019, down from 288 in Q1 2019.
- Funds reported $1.61B of Tanger stock for Q2 2019, down 18% quarter-over-quarter.
- 38 funds opened new Tanger positions in Q2 2019 and 43 closed out, a net change of -5 holders.
- The largest Tanger buyer in Q2 2019 was Marathon Asset Management (UK), an estimated $42.1M added.
- The largest Tanger seller in Q2 2019 was Principal Financial Group, an estimated $44.7M sold.
Based on aggregated 13F filings for Q2 2019.