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SRG

Seritage Growth Properties
SRG

136 hedge funds and large institutions have $1.77B invested in Seritage Growth Properties in 2018 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 43 increasing their positions, 57 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more capital invested

Capital invested by funds: $1.6B → $1.77B (+$173M)

0% more funds holding in top 10

Funds holding in top 10: 7 → 7 (0)

0% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 16

1% less funds holding

Funds holding: 137 → 136 (-1)

2.29% less ownership

Funds ownership: 106.87% → 104.58% (-2.3%)

25% less repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 57

50% less call options, than puts

Call options by funds: $20.4M | Put options by funds: $40.6M

Holders
136
Holders Change
-1
Holders Change %
-0.73%
% of All Funds
3.11%
Holding in Top 10
7
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.16%
New
16
Increased
43
Reduced
57
Closed
16
Calls
$20.4M
Puts
$40.6M
Net Calls
-$20.2M
Net Calls Change
-$21.7M

Top Buyers

Rank Fund Capital Flow
1
B
BloombergSen
Ontario, Canada
+$55.5M
2
Axa
Axa
France
+$32.6M
3
Millennium Management
Millennium Management
New York
+$9.09M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$8.97M
5
ACM
Aquamarine Capital Management
New York
+$6.98M

Top Sellers

Rank Fund Capital Flow
1
GCM
Gates Capital Management
New York
-$27.1M
2
ECAU
Everett Capital Advisors (UK)
United Kingdom
-$14.4M
3
GL
Governors Lane
New York
-$12.4M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$7.31M
5
EC
EMS Capital
New York
-$5.48M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
26
Wells Fargo
California
$12.2M -$2.41M -50,919 -17%
Goldman Sachs
27
Goldman Sachs
New York
$11.5M -$1.21M -25,481 -9%
Russell Investments Group
28
Russell Investments Group
United Kingdom
$10.7M +$435K +9,173 +4%
Millennium Management
29
Millennium Management
New York
$10.5M +$9.09M +191,758 +667%
LDB
30
Lee, Danner & Bass
Tennessee
$10.4M -$142K -3,000 -1%
TG
31
TCW Group
California
$10.2M -$2.96M -62,540 -22%
ACM
32
Aquamarine Capital Management
New York
$10.2M +$6.98M +147,262 +221%
Bank of New York Mellon
33
Bank of New York Mellon
New York
$9.48M -$847K -17,884 -8%
KTA
34
Keeley-Teton Advisors
Illinois
$7.35M -$688K -14,520 -9%
KAM
35
Knightsbridge Asset Management
California
$6.02M -$4.93M -104,141 -45%
OKSA
36
O'Keefe Stevens Advisory
New York
$5.83M -$1.75K -37 -0%
Deutsche Bank
37
Deutsche Bank
Germany
$5.07M -$173K -3,649 -3%
ISL
38
Ingalls & Snyder LLC
New York
$4.61M -$2.33M -49,258 -34%
HighTower Advisors
39
HighTower Advisors
Illinois
$4.46M -$158K -3,326 -3%
Boston Partners
40
Boston Partners
Massachusetts
$3.85M +$4.74K +100 +0.1%
GI
41
GAMCO Investors
Connecticut
$3.84M +$426K +9,000 +13%
Legal & General Group
42
Legal & General Group
United Kingdom
$3.62M -$125K -2,633 -3%
Dimensional Fund Advisors
43
Dimensional Fund Advisors
Texas
$3.45M +$24.1K +509 +0.7%
CS
44
Credit Suisse
Switzerland
$3.07M -$142K -2,988 -4%
TA
45
Teachers Advisors
New York
$3.06M +$145K +3,060 +5%
Barclays
46
Barclays
United Kingdom
$3M +$883K +18,644 +42%
OWIM
47
Old West Investment Management
California
$2.98M – – –
TCIM
48
TIAA CREF Investment Management
New York
$2.96M -$245K -5,173 -8%
Swiss National Bank
49
Swiss National Bank
Switzerland
$2.77M +$104K +2,200 +4%
AllianceBernstein
50
AllianceBernstein
Tennessee
$2.72M +$948 +20 +0%
1
2
3 4 5

SRG Hedge Fund Activity: Q3 2018 in Review

136 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Seritage Growth Properties (SRG) for Q3 2018, worth a combined $1.77B — up 11% from $1.6B a quarter earlier.

Fund positioning in SRG was balanced in Q3 2018: 16 funds opened new positions, 16 closed out, 43 added to existing stakes and 57 trimmed.

The largest buyer was BloombergSen, adding an estimated $55.5M. The largest seller was Gates Capital Management, cutting an estimated $27.1M.

  • 136 institutional investors held Seritage Growth Properties (SRG) as of Q3 2018, down from 137 in Q2 2018.
  • Funds reported $1.77B of Seritage Growth Properties stock for Q3 2018, up 11% quarter-over-quarter.
  • 16 funds opened new Seritage Growth Properties positions in Q3 2018 and 16 closed out, a net change of 0 holders.
  • The largest Seritage Growth Properties buyer in Q3 2018 was BloombergSen, an estimated $55.5M added.
  • The largest Seritage Growth Properties seller in Q3 2018 was Gates Capital Management, an estimated $27.1M sold.

Based on aggregated 13F filings for Q3 2018.