Tanger
235 hedge funds and large institutions have $419M invested in Tanger in 2020 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 75 increasing their positions, 80 reducing their positions, and 41 closing their positions.
6% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 80
6.1% less ownership
Funds ownership: 80.75% → 74.65% (-6.1%)
7% less funds holding
Funds holding: 253 → 235 (-18)
22% less capital invested
Capital invested by funds: $538M → $419M (-$119M)
27% less call options, than puts
Call options by funds: $15.6M | Put options by funds: $21.4M
41% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 41
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$5.3M |
| 2 |
LGP
Leonard Green & Partners
Los Angeles,
California
|
+$4.39M |
| 3 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
+$4.15M |
| 4 |
JP Morgan Chase
New York
|
+$2.71M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
+$1.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$9.58M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$9.39M |
| 3 |
LPAM
Legion Partners Asset Management
Los Angeles,
California
|
-$6.83M |
| 4 |
ProShare Advisors
Bethesda,
Maryland
|
-$5.55M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$5.24M |
SKT Hedge Fund Activity: Q3 2020 in Review
235 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q3 2020, worth a combined $419M — down 22% from $538M a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of SKT and 24 opened new positions — a net loss of 17 holders — while 80 trimmed existing stakes and 75 added.
The largest buyer was Renaissance Technologies, opening a new position worth an estimated $5.3M. The largest seller was Mirae Asset Global Investments, exiting entirely with an estimated $9.58M sold.
- 235 institutional investors held Tanger (SKT) as of Q3 2020, down from 253 in Q2 2020.
- Funds reported $419M of Tanger stock for Q3 2020, down 22% quarter-over-quarter.
- 24 funds opened new Tanger positions in Q3 2020 and 41 closed out, a net change of -17 holders.
- The largest Tanger buyer in Q3 2020 was Renaissance Technologies, an estimated $5.3M added.
- The largest Tanger seller in Q3 2020 was Mirae Asset Global Investments, an estimated $9.58M sold.
Based on aggregated 13F filings for Q3 2020.