Tanger
248 hedge funds and large institutions have $1.2B invested in Tanger in 2021 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 74 increasing their positions, 89 reducing their positions, and 47 closing their positions.
57% more capital invested
Capital invested by funds: $766M → $1.2B (+$435M)
2.51% more ownership
Funds ownership: 82.2% → 84.71% (+2.5%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 47
0% less funds holding
Funds holding: 249 → 248 (-1)
14% less call options, than puts
Call options by funds: $91.5M | Put options by funds: $107M
17% less repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 89
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$22M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$18.6M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
+$18M |
| 4 |
BlackRock
New York
|
+$15.8M |
| 5 |
FAM
Fred Alger Management
New York
|
+$12.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$11.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$8.82M |
| 3 |
LCM
Lonestar Capital Management
San Francisco,
California
|
-$7.97M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$6.42M |
| 5 |
LGP
Leonard Green & Partners
Los Angeles,
California
|
-$5.9M |
SKT Hedge Fund Activity: Q1 2021 in Review
248 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q1 2021, worth a combined $1.2B — up 57% from $766M a quarter earlier.
Fund positioning in SKT was balanced in Q1 2021: 47 funds opened new positions, 47 closed out, 74 added to existing stakes and 89 trimmed.
The largest buyer was Capital Growth Management, opening a new position worth an estimated $22M. The largest seller was Citigroup, cutting an estimated $11.2M.
- 248 institutional investors held Tanger (SKT) as of Q1 2021, down from 249 in Q4 2020.
- Funds reported $1.2B of Tanger stock for Q1 2021, up 57% quarter-over-quarter.
- 47 funds opened new Tanger positions in Q1 2021 and 47 closed out, a net change of 0 holders.
- The largest Tanger buyer in Q1 2021 was Capital Growth Management, an estimated $22M added.
- The largest Tanger seller in Q1 2021 was Citigroup, an estimated $11.2M sold.
Based on aggregated 13F filings for Q1 2021.