Seritage Growth Properties
SRG
133 hedge funds and large institutions have $1.3B invested in Seritage Growth Properties in 2018 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 50 increasing their positions, 36 reducing their positions, and 20 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 36
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
8.59% more ownership
Funds ownership: 104.58% → 113.17% (+8.6%)
2% less funds holding
Funds holding: 136 → 133 (-3)
10% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 20
26% less capital invested
Capital invested by funds: $1.77B → $1.3B (-$470M)
59% less call options, than puts
Call options by funds: $20M | Put options by funds: $49M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
+$20.4M |
| 2 |
GCM
Gates Capital Management
New York
|
+$19.1M |
| 3 |
EC
EMS Capital
New York
|
+$18.7M |
| 4 |
GL
Governors Lane
New York
|
+$15.7M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$15.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$10.5M |
| 2 |
KTA
Keeley-Teton Advisors
Chicago,
Illinois
|
-$7.35M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
-$6.93M |
| 4 |
JP Morgan Chase
New York
|
-$5.68M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
-$3.85M |
SRG Hedge Fund Activity: Q4 2018 in Review
133 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Seritage Growth Properties (SRG) for Q4 2018, worth a combined $1.3B — down 26% from $1.77B a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of SRG and 18 opened new positions — a net loss of 2 holders — while 36 trimmed existing stakes and 50 added.
The largest buyer was Empyrean Capital Partners, adding an estimated $20.4M. The largest seller was Millennium Management, exiting entirely with an estimated $10.5M sold.
- 133 institutional investors held Seritage Growth Properties (SRG) as of Q4 2018, down from 136 in Q3 2018.
- Funds reported $1.3B of Seritage Growth Properties stock for Q4 2018, down 26% quarter-over-quarter.
- 18 funds opened new Seritage Growth Properties positions in Q4 2018 and 20 closed out, a net change of -2 holders.
- The largest Seritage Growth Properties buyer in Q4 2018 was Empyrean Capital Partners, an estimated $20.4M added.
- The largest Seritage Growth Properties seller in Q4 2018 was Millennium Management, an estimated $10.5M sold.
Based on aggregated 13F filings for Q4 2018.