Spirit MTA REIT Common Shares of Beneficial Interest
SMTA
SMTA was delisted on the 31st of December, 2019.
119 hedge funds and large institutions have $266M invested in Spirit MTA REIT Common Shares of Beneficial Interest in 2019 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 36 increasing their positions, 37 reducing their positions, and 40 closing their positions.
3% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 37
7% less capital invested
Capital invested by funds: $285M → $266M (-$18.9M)
17% less funds holding
Funds holding: 143 → 119 (-24)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
53% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 40
68% less call options, than puts
Call options by funds: $228K | Put options by funds: $720K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$33M |
| 2 |
Goldman Sachs
New York
|
+$24.1M |
| 3 |
Morgan Stanley
New York
|
+$10.4M |
| 4 |
ICM
Indaba Capital Management
San Francisco,
California
|
+$6.41M |
| 5 |
SG Americas Securities
New York
|
+$3.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$19.2M |
| 2 |
RCMNY
Rubric Capital Management (New York)
New York
|
-$15.4M |
| 3 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$12.6M |
| 4 |
KCM
Knighthead Capital Management
New York
|
-$10.7M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$8.92M |
SMTA Hedge Fund Activity: Q3 2019 in Review
119 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Spirit MTA REIT Common Shares of Beneficial Interest (SMTA) for Q3 2019, worth a combined $266M — down 6.6% from $285M a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of SMTA and 19 opened new positions — a net loss of 21 holders — while 37 trimmed existing stakes and 36 added.
The largest buyer was Weiss Asset Management, opening a new position worth an estimated $33M. The largest seller was BlackRock, cutting an estimated $19.2M.
- 119 institutional investors held Spirit MTA REIT Common Shares of Beneficial Interest (SMTA) as of Q3 2019, down from 143 in Q2 2019.
- Funds reported $266M of Spirit MTA REIT Common Shares of Beneficial Interest stock for Q3 2019, down 6.6% quarter-over-quarter.
- 19 funds opened new Spirit MTA REIT Common Shares of Beneficial Interest positions in Q3 2019 and 40 closed out, a net change of -21 holders.
- The largest Spirit MTA REIT Common Shares of Beneficial Interest buyer in Q3 2019 was Weiss Asset Management, an estimated $33M added.
- The largest Spirit MTA REIT Common Shares of Beneficial Interest seller in Q3 2019 was BlackRock, an estimated $19.2M sold.
Based on aggregated 13F filings for Q3 2019.