Tanger
SKT
218 hedge funds and large institutions have $3.09B invested in Tanger in 2014 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 81 increasing their positions, 92 reducing their positions, and 33 closing their positions.
133% more call options, than puts
Call options by funds: $1.24M | Put options by funds: $533K
11% more capital invested
Capital invested by funds: $2.79B → $3.09B (+$299M)
0.3% more ownership
Funds ownership: 92.11% → 92.4% (+0.3%)
6% less funds holding
Funds holding: 233 → 218 (-15)
12% less repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 92
39% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$122M |
| 2 |
Morgan Stanley
New York
|
+$56.8M |
| 3 |
Cohen & Steers
New York
|
+$52.5M |
| 4 |
BAMCO Inc
New York
|
+$16.4M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LIMS
Lasalle Investment Management Securities
Baltimore,
Maryland
|
-$52.8M |
| 2 |
AAMU
APG Asset Management US
New York
|
-$34.7M |
| 3 |
EIP
Epoch Investment Partners
New York
|
-$16.2M |
| 4 |
Bank of New York Mellon
New York
|
-$15.7M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$10.4M |
SKT Hedge Fund Activity: Q1 2014 in Review
218 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q1 2014, worth a combined $3.09B — up 11% from $2.79B a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of SKT and 20 opened new positions — a net loss of 13 holders — while 92 trimmed existing stakes and 81 added.
The largest buyer was State Street, adding an estimated $122M. The largest seller was Lasalle Investment Management Securities, cutting an estimated $52.8M.
- 218 institutional investors held Tanger (SKT) as of Q1 2014, down from 233 in Q4 2013.
- Funds reported $3.09B of Tanger stock for Q1 2014, up 11% quarter-over-quarter.
- 20 funds opened new Tanger positions in Q1 2014 and 33 closed out, a net change of -13 holders.
- The largest Tanger buyer in Q1 2014 was State Street, an estimated $122M added.
- The largest Tanger seller in Q1 2014 was Lasalle Investment Management Securities, an estimated $52.8M sold.
Based on aggregated 13F filings for Q1 2014.