Seritage Growth Properties
SRG
128 hedge funds and large institutions have $327M invested in Seritage Growth Properties in 2020 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 47 increasing their positions, 39 reducing their positions, and 30 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 39
5% less funds holding
Funds holding: 135 → 128 (-7)
6.69% less ownership
Funds ownership: 103.95% → 97.26% (-6.7%)
13% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 30
44% less call options, than puts
Call options by funds: $803K | Put options by funds: $1.43M
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
79% less capital invested
Capital invested by funds: $1.53B → $327M (-$1.21B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RP
RBS Partners
Bay Harbor Islands,
Florida
|
+$11.2M |
| 2 |
TAM
Third Avenue Management
New York
|
+$9.88M |
| 3 |
GCM
Gates Capital Management
New York
|
+$9.49M |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$9.3M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$6.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CTA
Carillon Tower Advisers
St. Petersburg,
Florida
|
-$41.6M |
| 2 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$31.6M |
| 3 |
Axa
Paris,
France
|
-$29.5M |
| 4 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
-$18.1M |
| 5 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$15.9M |
SRG Hedge Fund Activity: Q1 2020 in Review
128 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Seritage Growth Properties (SRG) for Q1 2020, worth a combined $327M — down 79% from $1.53B a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of SRG and 26 opened new positions — a net loss of 4 holders — while 39 trimmed existing stakes and 47 added.
The largest buyer was RBS Partners, adding an estimated $11.2M. The largest seller was Carillon Tower Advisers, exiting entirely with an estimated $41.6M sold.
- 128 institutional investors held Seritage Growth Properties (SRG) as of Q1 2020, down from 135 in Q4 2019.
- Funds reported $327M of Seritage Growth Properties stock for Q1 2020, down 79% quarter-over-quarter.
- 26 funds opened new Seritage Growth Properties positions in Q1 2020 and 30 closed out, a net change of -4 holders.
- The largest Seritage Growth Properties buyer in Q1 2020 was RBS Partners, an estimated $11.2M added.
- The largest Seritage Growth Properties seller in Q1 2020 was Carillon Tower Advisers, an estimated $41.6M sold.
Based on aggregated 13F filings for Q1 2020.