Tanger
SKT
234 hedge funds and large institutions have $3.05B invested in Tanger in 2014 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 78 increasing their positions, 86 reducing their positions, and 15 closing their positions.
107% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 15
99% more call options, than puts
Call options by funds: $751K | Put options by funds: $377K
7% more funds holding
Funds holding: 218 → 234 (+16)
1% less capital invested
Capital invested by funds: $3.09B → $3.05B (-$33.8M)
9% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 86
1.37% less ownership
Funds ownership: 92.4% → 91.03% (-1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$52.4M |
| 2 |
Morgan Stanley
New York
|
+$48.8M |
| 3 |
Millennium Management
New York
|
+$31M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$27.3M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$105M |
| 2 |
Goldman Sachs
New York
|
-$54.7M |
| 3 |
Bank of New York Mellon
New York
|
-$48.6M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$19.1M |
| 5 |
FAM
Fred Alger Management
New York
|
-$11.8M |
SKT Hedge Fund Activity: Q2 2014 in Review
234 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q2 2014, worth a combined $3.05B — down 1.1% from $3.09B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new SKT positions and 15 closed out — a net gain of 16 holders — while 78 added to existing stakes and 86 trimmed.
The largest buyer was State Street, adding an estimated $52.4M. The largest seller was Cohen & Steers, cutting an estimated $105M.
- 234 institutional investors held Tanger (SKT) as of Q2 2014, up from 218 in Q1 2014.
- Funds reported $3.05B of Tanger stock for Q2 2014, down 1.1% quarter-over-quarter.
- 31 funds opened new Tanger positions in Q2 2014 and 15 closed out, a net change of +16 holders.
- The largest Tanger buyer in Q2 2014 was State Street, an estimated $52.4M added.
- The largest Tanger seller in Q2 2014 was Cohen & Steers, an estimated $105M sold.
Based on aggregated 13F filings for Q2 2014.