Seritage Growth Properties
SRG
130 hedge funds and large institutions have $1.72B invested in Seritage Growth Properties in 2019 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 46 increasing their positions, 47 reducing their positions, and 22 closing their positions.
1.09% more ownership
Funds ownership: 111.02% → 112.11% (+1.1%)
2% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 47
2% less capital invested
Capital invested by funds: $1.76B → $1.72B (-$42.2M)
10% less funds holding
Funds holding: 144 → 130 (-14)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
55% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 22
57% less call options, than puts
Call options by funds: $15.7M | Put options by funds: $36.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
+$12.4M |
| 2 |
Goldman Sachs
New York
|
+$8.47M |
| 3 |
GCM
Gates Capital Management
New York
|
+$7.79M |
| 4 |
Nuveen
Charlotte,
North Carolina
|
+$6.09M |
| 5 |
State Street
Boston,
Massachusetts
|
+$4.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$4.9M |
| 2 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$4.57M |
| 3 |
Axa
Paris,
France
|
-$3.5M |
| 4 |
RP
RBS Partners
Bay Harbor Islands,
Florida
|
-$2.85M |
| 5 |
KAM
Knightsbridge Asset Management
Newport Beach,
California
|
-$2.78M |
SRG Hedge Fund Activity: Q2 2019 in Review
130 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Seritage Growth Properties (SRG) for Q2 2019, worth a combined $1.72B — down 2.4% from $1.76B a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of SRG and 10 opened new positions — a net loss of 12 holders — while 47 trimmed existing stakes and 46 added.
The largest buyer was Empyrean Capital Partners, adding an estimated $12.4M. The largest seller was BlackRock, cutting an estimated $4.9M.
- 130 institutional investors held Seritage Growth Properties (SRG) as of Q2 2019, down from 144 in Q1 2019.
- Funds reported $1.72B of Seritage Growth Properties stock for Q2 2019, down 2.4% quarter-over-quarter.
- 10 funds opened new Seritage Growth Properties positions in Q2 2019 and 22 closed out, a net change of -12 holders.
- The largest Seritage Growth Properties buyer in Q2 2019 was Empyrean Capital Partners, an estimated $12.4M added.
- The largest Seritage Growth Properties seller in Q2 2019 was BlackRock, an estimated $4.9M sold.
Based on aggregated 13F filings for Q2 2019.