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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Gates Capital Management
New York
|
+$42.2M |
| 2 |
B
BloombergSen
Toronto,
Ontario, Canada
|
+$34M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$16.7M |
| 4 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
+$15M |
| 5 |
GL
Governors Lane
New York
|
+$8.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$13.7M |
| 2 |
JP Morgan Chase
New York
|
-$8.67M |
| 3 |
EA
Echinus Advisors
New York
|
-$7.34M |
| 4 |
PFC
Phocas Financial Corp
Alameda,
California
|
-$5.11M |
| 5 |
XGI
XL Group Investments
Hamilton,
Bermuda
|
-$4.64M |
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.