Seritage Growth Properties
SRG
137 hedge funds and large institutions have $1.6B invested in Seritage Growth Properties in 2018 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 74 increasing their positions, 27 reducing their positions, and 20 closing their positions.
174% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 27
25% more capital invested
Capital invested by funds: $1.28B → $1.6B (+$320M)
3.56% more ownership
Funds ownership: 103.31% → 106.87% (+3.6%)
5% more call options, than puts
Call options by funds: $29.3M | Put options by funds: $27.8M
1% less funds holding
Funds holding: 139 → 137 (-2)
10% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 20
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EMS Capital
New York
|
+$52M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$23.9M |
| 3 |
BlackRock
New York
|
+$23.3M |
| 4 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
+$7.03M |
| 5 |
JP Morgan Chase
New York
|
+$5.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Fairholme Capital Management
South Miami,
Florida
|
-$56.7M |
| 2 |
GCM
Gates Capital Management
New York
|
-$10.7M |
| 3 |
JRWL
Joseph R. Weiss LLC
New York
|
-$5.33M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$4.97M |
| 5 |
TG
TCW Group
Los Angeles,
California
|
-$4.39M |
SRG Hedge Fund Activity: Q2 2018 in Review
137 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Seritage Growth Properties (SRG) for Q2 2018, worth a combined $1.6B — up 25% from $1.28B a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of SRG and 18 opened new positions — a net loss of 2 holders — while 27 trimmed existing stakes and 74 added.
The largest buyer was EMS Capital, opening a new position worth an estimated $52M. The largest seller was Fairholme Capital Management, exiting entirely with an estimated $56.7M sold.
- 137 institutional investors held Seritage Growth Properties (SRG) as of Q2 2018, down from 139 in Q1 2018.
- Funds reported $1.6B of Seritage Growth Properties stock for Q2 2018, up 25% quarter-over-quarter.
- 18 funds opened new Seritage Growth Properties positions in Q2 2018 and 20 closed out, a net change of -2 holders.
- The largest Seritage Growth Properties buyer in Q2 2018 was EMS Capital, an estimated $52M added.
- The largest Seritage Growth Properties seller in Q2 2018 was Fairholme Capital Management, an estimated $56.7M sold.
Based on aggregated 13F filings for Q2 2018.