Tanger
292 hedge funds and large institutions have $2.12B invested in Tanger in 2018 Q1 according to their latest regulatory filings, with 56 funds opening new positions, 99 increasing their positions, 99 reducing their positions, and 31 closing their positions.
81% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 31
8% more funds holding
Funds holding: 271 → 292 (+21)
0% more repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 99
4.8% less ownership
Funds ownership: 106.66% → 101.85% (-4.8%)
21% less capital invested
Capital invested by funds: $2.67B → $2.12B (-$555M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
64% less call options, than puts
Call options by funds: $11.3M | Put options by funds: $31.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$49.4M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
+$16.1M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$6.35M |
| 4 |
HSBC Holdings
London,
United Kingdom
|
+$5.37M |
| 5 |
Two Sigma Advisers
New York
|
+$4.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$53.7M |
| 2 |
Morgan Stanley
New York
|
-$24.9M |
| 3 |
Bank of New York Mellon
New York
|
-$18.7M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$18.4M |
| 5 |
DIA
Denver Investment Advisors
Denver,
Colorado
|
-$17.7M |
SKT Hedge Fund Activity: Q1 2018 in Review
292 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q1 2018, worth a combined $2.12B — down 21% from $2.67B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new SKT positions and 31 closed out — a net gain of 25 holders — while 99 added to existing stakes and 99 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $49.4M. The largest seller was State Street, cutting an estimated $53.7M.
- 292 institutional investors held Tanger (SKT) as of Q1 2018, up from 271 in Q4 2017.
- Funds reported $2.12B of Tanger stock for Q1 2018, down 21% quarter-over-quarter.
- 56 funds opened new Tanger positions in Q1 2018 and 31 closed out, a net change of +25 holders.
- The largest Tanger buyer in Q1 2018 was Millennium Management, an estimated $49.4M added.
- The largest Tanger seller in Q1 2018 was State Street, an estimated $53.7M sold.
Based on aggregated 13F filings for Q1 2018.