Tanger
285 hedge funds and large institutions have $3.2B invested in Tanger in 2016 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 113 increasing their positions, 99 reducing their positions, and 18 closing their positions.
72% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 18
14% more repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 99
4% more funds holding
Funds holding: 275 → 285 (+10)
7% less call options, than puts
Call options by funds: $19.6M | Put options by funds: $21.1M
1.03% less ownership
Funds ownership: 94.3% → 93.26% (-1%)
9% less capital invested
Capital invested by funds: $3.51B → $3.2B (-$306M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$25.3M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
+$19.4M |
| 3 |
AII
AGF Investments Inc
Toronto,
Ontario, Canada
|
+$19.1M |
| 4 |
Bank of New York Mellon
New York
|
+$16.5M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$15.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$105M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$24.5M |
| 3 |
State Street
Boston,
Massachusetts
|
-$17.2M |
| 4 |
Renaissance Technologies
New York
|
-$12.7M |
| 5 |
BA
Boston Advisors
Boston,
Massachusetts
|
-$12.3M |
SKT Hedge Fund Activity: Q4 2016 in Review
285 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q4 2016, worth a combined $3.2B — down 8.7% from $3.51B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new SKT positions and 18 closed out — a net gain of 13 holders — while 113 added to existing stakes and 99 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $25.3M. The largest seller was Cohen & Steers, cutting an estimated $105M.
- 285 institutional investors held Tanger (SKT) as of Q4 2016, up from 275 in Q3 2016.
- Funds reported $3.2B of Tanger stock for Q4 2016, down 8.7% quarter-over-quarter.
- 31 funds opened new Tanger positions in Q4 2016 and 18 closed out, a net change of +13 holders.
- The largest Tanger buyer in Q4 2016 was Millennium Management, an estimated $25.3M added.
- The largest Tanger seller in Q4 2016 was Cohen & Steers, an estimated $105M sold.
Based on aggregated 13F filings for Q4 2016.