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Tanger
SKT

270 hedge funds and large institutions have $2B invested in Tanger in 2023 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 97 increasing their positions, 87 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

62% more call options, than puts

Call options by funds: $56.5M | Put options by funds: $34.9M

46% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 24

18% more capital invested

Capital invested by funds: $1.69B → $2B (+$302M)

11% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 87

4% more funds holding

Funds holding: 260 → 270 (+10)

3.22% more ownership

Funds ownership: 82.81% → 86.03% (+3.2%)

Holders
270
Holders Change
+10
Holders Change %
+3.85%
% of All Funds
4.24%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
35
Increased
97
Reduced
87
Closed
24
Calls
$56.5M
Puts
$34.9M
Net Calls
+$21.5M
Net Calls Change
+$19.9M

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$27.7M
2
LBIM
Land & Buildings Investment Management
Connecticut
+$23.3M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$19.9M
4
GA
GRS Advisors
Illinois
+$18.2M
5
Millennium Management
Millennium Management
New York
+$8.33M

Top Sellers

1
JP Morgan Chase
JP Morgan Chase
New York
-$37.7M
2
Citadel Advisors
Citadel Advisors
Florida
-$6.63M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$6.54M
4
ACM
AEW Capital Management
Massachusetts
-$4.48M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$3.87M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$417M +$8.01M +399,522 +2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$376M -$6.54M -326,411 -2%
State Street
3
State Street
Massachusetts
$144M +$1.65M +82,202 +1%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$71.6M +$19.9M +993,899 +44%
Wellington Management Group
5
Wellington Management Group
Massachusetts
$67.2M +$27.7M +1,381,301 +83%
LSV Asset Management
6
LSV Asset Management
Illinois
$58M +$2.1M +104,611 +4%
Ameriprise
7
Ameriprise
Minnesota
$56.8M -$3.43M -170,988 -6%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$49.2M +$2.25M +112,049 +5%
Charles Schwab
9
Charles Schwab
California
$40.5M -$1.16M -57,710 -3%
Northern Trust
10
Northern Trust
Illinois
$33.6M +$4.19M +209,182 +16%
Dimensional Fund Advisors
11
Dimensional Fund Advisors
Texas
$32.7M +$410K +20,442 +1%
Morgan Stanley
12
Morgan Stanley
New York
$26.3M -$1M -50,115 -4%
Millennium Management
13
Millennium Management
New York
$25.9M +$8.33M +415,446 +55%
LBIM
14
Land & Buildings Investment Management
Connecticut
$25.6M +$23.3M +1,160,855 New
Bank of New York Mellon
15
Bank of New York Mellon
New York
$25.3M +$189K +9,405 +0.8%
WCP
16
Waterfront Capital Partners
New York
$25.2M -$2.62M -130,818 -10%
ACM
17
AEW Capital Management
Massachusetts
$22.7M -$4.48M -223,480 -18%
Legal & General Group
18
Legal & General Group
United Kingdom
$20.5M +$42.9K +2,138 +0.2%
GA
19
GRS Advisors
Illinois
$20M +$18.2M +906,655 New
Norges Bank
20
Norges Bank
Norway
$18.4M -$467K -23,277 -3%
N
21
Nuveen
North Carolina
$17.6M -$56K -2,791 -0.3%
Principal Financial Group
22
Principal Financial Group
Iowa
$13.9M -$35.6K -1,776 -0.3%
CIMLRA
23
CBRE Investment Management Listed Real Assets
Pennsylvania
$13.8M +$82.8K +4,129 +0.7%
Neuberger Berman Group
24
Neuberger Berman Group
New York
$12.8M +$2.97M +148,090 +34%
Renaissance Technologies
25
Renaissance Technologies
New York
$12.4M +$5.85M +291,800 +109%
1
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SKT Hedge Fund Activity: Q2 2023 in Review

270 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Tanger (SKT) for Q2 2023, worth a combined $2B — up 18% from $1.69B a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new SKT positions and 24 closed out — a net gain of 11 holders — while 97 added to existing stakes and 87 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $27.7M. The largest seller was JP Morgan Chase, cutting an estimated $37.7M.

  • 270 institutional investors held Tanger (SKT) as of Q2 2023, up from 260 in Q1 2023.
  • Funds reported $2B of Tanger stock for Q2 2023, up 18% quarter-over-quarter.
  • 35 funds opened new Tanger positions in Q2 2023 and 24 closed out, a net change of +11 holders.
  • The largest Tanger buyer in Q2 2023 was Wellington Management Group, an estimated $27.7M added.
  • The largest Tanger seller in Q2 2023 was JP Morgan Chase, an estimated $37.7M sold.

Based on aggregated 13F filings for Q2 2023.