Seritage Growth Properties
SRG
139 hedge funds and large institutions have $1.28B invested in Seritage Growth Properties in 2018 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 60 increasing their positions, 37 reducing their positions, and 17 closing their positions.
62% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 37
25% more call options, than puts
Call options by funds: $14.6M | Put options by funds: $11.7M
18% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 17
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
2% more funds holding
Funds holding: 136 → 139 (+3)
3% more capital invested
Capital invested by funds: $1.24B → $1.28B (+$40.5M)
7.18% less ownership
Funds ownership: 110.51% → 103.33% (-7.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
+$166M |
| 2 |
WCM
Wallace Capital Management
Dallas,
Texas
|
+$19M |
| 3 |
Morgan Stanley
New York
|
+$13.2M |
| 4 |
GL
Governors Lane
New York
|
+$12.3M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$8.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Fairholme Capital Management
South Miami,
Florida
|
-$65M |
| 2 |
Millennium Management
New York
|
-$11.7M |
| 3 |
ECAU
Everett Capital Advisors (UK)
London,
United Kingdom
|
-$7.96M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$7.31M |
| 5 |
TG
TCW Group
Los Angeles,
California
|
-$5.99M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Parallax Volatility Advisers
San Francisco,
California
| – | -$162K | -3,998 | Closed |
|
|
TIM
152
Thornburg Investment Management
Santa Fe,
New Mexico
| – | -$89K | -2,194 | Closed |
|
|
PCG
153
Private Capital Group
West Hartford,
Connecticut
| – | -$1 | -144 | Closed |
|
|
V
154
Veritable
Wilmington,
Delaware
| – | -$4K | -100 | Closed |
|
|
STA
155
Summit Trail Advisors
New York
| – | -$1K | -35 | Closed |
|
SRG Hedge Fund Activity: Q1 2018 in Review
139 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Seritage Growth Properties (SRG) for Q1 2018, worth a combined $1.28B — up 3.3% from $1.24B a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new SRG positions and 17 closed out — a net gain of 3 holders — while 60 added to existing stakes and 37 trimmed.
The largest buyer was EdgePoint Investment Group, adding an estimated $166M. The largest seller was Fairholme Capital Management, cutting an estimated $65M.
- 139 institutional investors held Seritage Growth Properties (SRG) as of Q1 2018, up from 136 in Q4 2017.
- Funds reported $1.28B of Seritage Growth Properties stock for Q1 2018, up 3.3% quarter-over-quarter.
- 20 funds opened new Seritage Growth Properties positions in Q1 2018 and 17 closed out, a net change of +3 holders.
- The largest Seritage Growth Properties buyer in Q1 2018 was EdgePoint Investment Group, an estimated $166M added.
- The largest Seritage Growth Properties seller in Q1 2018 was Fairholme Capital Management, an estimated $65M sold.
Based on aggregated 13F filings for Q1 2018.