Tanger
270 hedge funds and large institutions have $2B invested in Tanger in 2023 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 97 increasing their positions, 87 reducing their positions, and 24 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
62% more call options, than puts
Call options by funds: $56.5M | Put options by funds: $34.9M
46% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 24
18% more capital invested
Capital invested by funds: $1.69B → $2B (+$302M)
11% more repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 87
4% more funds holding
Funds holding: 260 → 270 (+10)
3.22% more ownership
Funds ownership: 82.81% → 86.03% (+3.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$27.7M |
| 2 |
LBIM
Land & Buildings Investment Management
Stamford,
Connecticut
|
+$23.3M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$19.9M |
| 4 |
GA
GRS Advisors
Chicago,
Illinois
|
+$18.2M |
| 5 |
Millennium Management
New York
|
+$8.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$37.7M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$6.63M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$6.54M |
| 4 |
ACM
AEW Capital Management
Boston,
Massachusetts
|
-$4.48M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$3.87M |
SKT Hedge Fund Activity: Q2 2023 in Review
270 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q2 2023, worth a combined $2B — up 18% from $1.69B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new SKT positions and 24 closed out — a net gain of 11 holders — while 97 added to existing stakes and 87 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $27.7M. The largest seller was JP Morgan Chase, cutting an estimated $37.7M.
- 270 institutional investors held Tanger (SKT) as of Q2 2023, up from 260 in Q1 2023.
- Funds reported $2B of Tanger stock for Q2 2023, up 18% quarter-over-quarter.
- 35 funds opened new Tanger positions in Q2 2023 and 24 closed out, a net change of +11 holders.
- The largest Tanger buyer in Q2 2023 was Wellington Management Group, an estimated $27.7M added.
- The largest Tanger seller in Q2 2023 was JP Morgan Chase, an estimated $37.7M sold.
Based on aggregated 13F filings for Q2 2023.