Spirit MTA REIT Common Shares of Beneficial Interest
SMTA
SMTA was delisted on the 31st of December, 2019.
60 hedge funds and large institutions have $20.9M invested in Spirit MTA REIT Common Shares of Beneficial Interest in 2019 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 17 reducing their positions, and 67 closing their positions.
24% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 17
50% less funds holding
Funds holding: 119 → 60 (-59)
59% less call options, than puts
Call options by funds: $24K | Put options by funds: $58K
87% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 67
92% less capital invested
Capital invested by funds: $266M → $20.9M (-$245M)
100% less funds holding in top 10
Funds holding in top 10: 3 → 0 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$3.9M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.39M |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$2.93M |
| 4 |
Goldman Sachs
New York
|
+$2.72M |
| 5 |
Morgan Stanley
New York
|
+$2.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$21.9M |
| 2 |
DKCM
Davidson Kempner Capital Management
New York
|
-$16.9M |
| 3 |
BlackRock
New York
|
-$9.38M |
| 4 |
Millennium Management
New York
|
-$6.13M |
| 5 |
ESCM
Echo Street Capital Management
New York
|
-$3.63M |
SMTA Hedge Fund Activity: Q4 2019 in Review
60 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Spirit MTA REIT Common Shares of Beneficial Interest (SMTA) for Q4 2019, worth a combined $20.9M — down 92% from $266M a quarter earlier.
Sellers outnumbered buyers: 67 funds closed out of SMTA and 9 opened new positions — a net loss of 58 holders — while 17 trimmed existing stakes and 13 added.
The largest buyer was Credit Suisse, adding an estimated $3.9M. The largest seller was Mangrove Partners, exiting entirely with an estimated $21.9M sold.
- 60 institutional investors held Spirit MTA REIT Common Shares of Beneficial Interest (SMTA) as of Q4 2019, down from 119 in Q3 2019.
- Funds reported $20.9M of Spirit MTA REIT Common Shares of Beneficial Interest stock for Q4 2019, down 92% quarter-over-quarter.
- 9 funds opened new Spirit MTA REIT Common Shares of Beneficial Interest positions in Q4 2019 and 67 closed out, a net change of -58 holders.
- The largest Spirit MTA REIT Common Shares of Beneficial Interest buyer in Q4 2019 was Credit Suisse, an estimated $3.9M added.
- The largest Spirit MTA REIT Common Shares of Beneficial Interest seller in Q4 2019 was Mangrove Partners, an estimated $21.9M sold.
Based on aggregated 13F filings for Q4 2019.