Tanger
SKT
275 hedge funds and large institutions have $3.51B invested in Tanger in 2016 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 103 increasing their positions, 102 reducing their positions, and 31 closing their positions.
51% more call options, than puts
Call options by funds: $982K | Put options by funds: $651K
1% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 102
3% less funds holding
Funds holding: 284 → 275 (-9)
3.67% less ownership
Funds ownership: 97.96% → 94.3% (-3.7%)
7% less capital invested
Capital invested by funds: $3.78B → $3.51B (-$273M)
26% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 31
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
+$23M |
| 2 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$17.6M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
+$17.3M |
| 4 |
State Street
Boston,
Massachusetts
|
+$14.9M |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$12.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$127M |
| 2 |
EA
Emerald Acquisition
Seattle,
Washington
|
-$22.8M |
| 3 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$19.7M |
| 4 |
Morgan Stanley
New York
|
-$19.6M |
| 5 |
FIM
Foresters Investment Management
New York
|
-$19.5M |
SKT Hedge Fund Activity: Q3 2016 in Review
275 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q3 2016, worth a combined $3.51B — down 7.2% from $3.78B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of SKT and 23 opened new positions — a net loss of 8 holders — while 102 trimmed existing stakes and 103 added.
The largest buyer was LSV Asset Management, opening a new position worth an estimated $23M. The largest seller was Cohen & Steers, cutting an estimated $127M.
- 275 institutional investors held Tanger (SKT) as of Q3 2016, down from 284 in Q2 2016.
- Funds reported $3.51B of Tanger stock for Q3 2016, down 7.2% quarter-over-quarter.
- 23 funds opened new Tanger positions in Q3 2016 and 31 closed out, a net change of -8 holders.
- The largest Tanger buyer in Q3 2016 was LSV Asset Management, an estimated $23M added.
- The largest Tanger seller in Q3 2016 was Cohen & Steers, an estimated $127M sold.
Based on aggregated 13F filings for Q3 2016.