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SRG

Seritage Growth Properties
SRG

129 hedge funds and large institutions have $1.27B invested in Seritage Growth Properties in 2017 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 47 increasing their positions, 38 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 38

19% more capital invested

Capital invested by funds: $1.07B → $1.27B (+$199M)

10% more call options, than puts

Call options by funds: $54.3M | Put options by funds: $49.4M

8.23% more ownership

Funds ownership: 90.63% → 98.86% (+8.2%)

1% less funds holding

Funds holding: 130 → 129 (-1)

6% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 16

13% less funds holding in top 10

Funds holding in top 10: 8 → 7 (-1)

Holders
129
Holders Change
-1
Holders Change %
-0.77%
% of All Funds
3.22%
Holding in Top 10
7
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-12.5%
% of All Funds
0.17%
New
15
Increased
47
Reduced
38
Closed
16
Calls
$54.3M
Puts
$49.4M
Net Calls
+$4.96M
Net Calls Change
+$14.2M

Top Buyers

Rank Fund Capital Flow
1
GCM
Gates Capital Management
New York
+$42.2M
2
B
BloombergSen
Ontario, Canada
+$34M
3
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$16.7M
4
ECP
Empyrean Capital Partners
California
+$15M
5
GL
Governors Lane
New York
+$8.96M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$13.7M
2
JP Morgan Chase
JP Morgan Chase
New York
-$8.67M
3
EA
Echinus Advisors
New York
-$7.34M
4
PFC
Phocas Financial Corp
California
-$5.11M
5
XGI
XL Group Investments
Bermuda
-$4.64M
Name Holding Trade Value Shares
Change 		Change in
Stake
ACM
51
Aquamarine Capital Management
New York
$2.02M – – –
Swiss National Bank
52
Swiss National Bank
Switzerland
$1.95M +$144K +3,100 +8%
TIM
53
Thornburg Investment Management
New Mexico
$1.86M +$1.87M +40,294 New
California State Teachers Retirement System (CalSTRS)
54
California State Teachers Retirement System (CalSTRS)
California
$1.85M -$199K -4,298 -10%
Royal Bank of Canada
55
Royal Bank of Canada
Ontario, Canada
$1.72M -$39.2K -845 -2%
ZIM
56
Zacks Investment Management
Illinois
$1.56M +$1.57M +33,769 New
RA
57
Royce & Associates
New York
$1.54M -$70.5K -1,520 -4%
New York State Common Retirement Fund
58
New York State Common Retirement Fund
New York
$1.5M – – –
California Public Employees Retirement System
59
California Public Employees Retirement System
California
$1.49M +$128K +2,764 +9%
OKSA
60
O'Keefe Stevens Advisory
New York
$1.49M +$1.5M +32,271 New
Invesco
61
Invesco
Georgia
$1.48M +$44.5K +959 +3%
RhumbLine Advisers
62
RhumbLine Advisers
Massachusetts
$1.45M – – –
IA
63
IndexIQ Advisors
New York
$1.39M +$3.48K +75 +0.2%
T. Rowe Price Associates
64
T. Rowe Price Associates
Maryland
$1.38M – – –
Ohio Public Employees Retirement System (OPERS)
65
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.3M +$41.8K +902 +3%
PPA
66
Parametric Portfolio Associates
Washington
$1.25M +$51.5K +1,111 +4%
OWIM
67
Old West Investment Management
California
$1.22M – – –
HSBC Holdings
68
HSBC Holdings
United Kingdom
$1.17M +$676K +14,567 +134%
Two Sigma Advisers
69
Two Sigma Advisers
New York
$1.15M -$181K -3,900 -14%
Sumitomo Mitsui Trust Group
70
Sumitomo Mitsui Trust Group
Japan
$1.08M -$2K -43 -0.2%
Bank of Montreal
71
Bank of Montreal
Ontario, Canada
$1.06M -$167K -3,600 -14%
Barclays
72
Barclays
United Kingdom
$1.04M -$7.38K -159 -0.7%
LCS
73
Levin Capital Strategies
New York
$991K +$278K +6,000 +39%
Stifel Financial
74
Stifel Financial
Missouri
$923K +$37.4K +807 +4%
First Trust Advisors
75
First Trust Advisors
Illinois
$875K +$373K +8,034 +73%
1 2
3
4 5

SRG Hedge Fund Activity: Q3 2017 in Review

129 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Seritage Growth Properties (SRG) for Q3 2017, worth a combined $1.27B — up 19% from $1.07B a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of SRG and 15 opened new positions — a net loss of 1 holder — while 38 trimmed existing stakes and 47 added.

The largest buyer was Gates Capital Management, opening a new position worth an estimated $42.2M. The largest seller was Fidelity Investments, cutting an estimated $13.7M.

  • 129 institutional investors held Seritage Growth Properties (SRG) as of Q3 2017, down from 130 in Q2 2017.
  • Funds reported $1.27B of Seritage Growth Properties stock for Q3 2017, up 19% quarter-over-quarter.
  • 15 funds opened new Seritage Growth Properties positions in Q3 2017 and 16 closed out, a net change of -1 holder.
  • The largest Seritage Growth Properties buyer in Q3 2017 was Gates Capital Management, an estimated $42.2M added.
  • The largest Seritage Growth Properties seller in Q3 2017 was Fidelity Investments, an estimated $13.7M sold.

Based on aggregated 13F filings for Q3 2017.