Seritage Growth Properties
SRG
144 hedge funds and large institutions have $1.76B invested in Seritage Growth Properties in 2019 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 46 increasing their positions, 41 reducing their positions, and 17 closing their positions.
71% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 17
35% more capital invested
Capital invested by funds: $1.3B → $1.76B (+$457M)
12% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 41
8% more funds holding
Funds holding: 133 → 144 (+11)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
2.23% less ownership
Funds ownership: 113.17% → 110.94% (-2.2%)
63% less call options, than puts
Call options by funds: $22.2M | Put options by funds: $60.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$10.3M |
| 2 |
GCM
Gates Capital Management
New York
|
+$10.2M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$7.66M |
| 4 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$6.74M |
| 5 |
CTA
Carillon Tower Advisers
St. Petersburg,
Florida
|
+$5.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GL
Governors Lane
New York
|
-$33.3M |
| 2 |
Axa
Paris,
France
|
-$10.8M |
| 3 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$8.42M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$6.91M |
| 5 |
SBCM
Schwerin Boyle Capital Management
Springfield,
Massachusetts
|
-$6.67M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
CIBC World Market
Toronto,
Ontario, Canada
| – | -$218K | -6,745 | Closed |
|
152
Wolverine Trading
Chicago,
Illinois
| – | -$274K | -6,594 | Closed |
|
|
QT
153
Quantamental Technologies
White Plains,
New York
| – | -$109K | -3,364 | Closed |
|
154
Schroder Investment Management Group
London,
United Kingdom
| – | -$106 | -3,276 | Closed |
|
|
FAF
155
Första AP-fonden
Stockholm,
Sweden
| – | -$32K | -1,000 | Closed |
|
|
ER
156
Enlightenment Research
Miami,
Florida
| – | -$6K | -200 | Closed |
|
|
MOS
157
MGO One Seven
Beachwood,
Ohio
| – | -$4K | -132 | Closed |
|
158
US Bancorp
Minneapolis,
Minnesota
| – | -$2K | -70 | Closed |
|
159
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$374 | +9 | New |
|
SRG Hedge Fund Activity: Q1 2019 in Review
144 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Seritage Growth Properties (SRG) for Q1 2019, worth a combined $1.76B — up 35% from $1.3B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new SRG positions and 17 closed out — a net gain of 12 holders — while 46 added to existing stakes and 41 trimmed.
The largest buyer was State Street, adding an estimated $10.3M. The largest seller was Governors Lane, cutting an estimated $33.3M.
- 144 institutional investors held Seritage Growth Properties (SRG) as of Q1 2019, up from 133 in Q4 2018.
- Funds reported $1.76B of Seritage Growth Properties stock for Q1 2019, up 35% quarter-over-quarter.
- 29 funds opened new Seritage Growth Properties positions in Q1 2019 and 17 closed out, a net change of +12 holders.
- The largest Seritage Growth Properties buyer in Q1 2019 was State Street, an estimated $10.3M added.
- The largest Seritage Growth Properties seller in Q1 2019 was Governors Lane, an estimated $33.3M sold.
Based on aggregated 13F filings for Q1 2019.