Spirit MTA REIT Common Shares of Beneficial Interest
SMTA
SMTA was delisted on the 31st of December, 2019.
150 hedge funds and large institutions have $258M invested in Spirit MTA REIT Common Shares of Beneficial Interest in 2018 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 32 increasing their positions, 63 reducing their positions, and 37 closing their positions.
11% less funds holding
Funds holding: 168 → 150 (-18)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
40% less capital invested
Capital invested by funds: $428M → $258M (-$169M)
49% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 37
49% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 63
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$18M |
| 2 |
ICM
Indaba Capital Management
San Francisco,
California
|
+$15.3M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$1.62M |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$1.26M |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
+$1.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NM
Newtyn Management
New York
|
-$21.9M |
| 2 |
SCM
Scopia Capital Management
New York
|
-$18.5M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
-$4.47M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$3.46M |
| 5 |
JGC
J. Goldman & Co
New York
|
-$1.94M |
SMTA Hedge Fund Activity: Q4 2018 in Review
150 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Spirit MTA REIT Common Shares of Beneficial Interest (SMTA) for Q4 2018, worth a combined $258M — down 40% from $428M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of SMTA and 19 opened new positions — a net loss of 18 holders — while 63 trimmed existing stakes and 32 added.
The largest buyer was Mangrove Partners, adding an estimated $18M. The largest seller was Newtyn Management, exiting entirely with an estimated $21.9M sold.
- 150 institutional investors held Spirit MTA REIT Common Shares of Beneficial Interest (SMTA) as of Q4 2018, down from 168 in Q3 2018.
- Funds reported $258M of Spirit MTA REIT Common Shares of Beneficial Interest stock for Q4 2018, down 40% quarter-over-quarter.
- 19 funds opened new Spirit MTA REIT Common Shares of Beneficial Interest positions in Q4 2018 and 37 closed out, a net change of -18 holders.
- The largest Spirit MTA REIT Common Shares of Beneficial Interest buyer in Q4 2018 was Mangrove Partners, an estimated $18M added.
- The largest Spirit MTA REIT Common Shares of Beneficial Interest seller in Q4 2018 was Newtyn Management, an estimated $21.9M sold.
Based on aggregated 13F filings for Q4 2018.