Seritage Growth Properties
SRG
114 hedge funds and large institutions have $480M invested in Seritage Growth Properties in 2021 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 32 increasing their positions, 46 reducing their positions, and 19 closing their positions.
57% more call options, than puts
Call options by funds: $25M | Put options by funds: $16M
3% more capital invested
Capital invested by funds: $465M → $480M (+$15M)
3% less funds holding
Funds holding: 117 → 114 (-3)
11% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 19
14.76% less ownership
Funds ownership: 82.05% → 67.29% (-15%)
30% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 46
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
+$6.91M |
| 2 |
BlackRock
New York
|
+$5.03M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.4M |
| 4 |
Group One Trading
Chicago,
Illinois
|
+$2.24M |
| 5 |
JP Morgan Chase
New York
|
+$2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
-$62.4M |
| 2 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$14.1M |
| 3 |
B
BloombergSen
Toronto,
Ontario, Canada
|
-$8.78M |
| 4 |
RP
RBS Partners
Bay Harbor Islands,
Florida
|
-$8.14M |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
-$2.38M |
SRG Hedge Fund Activity: Q1 2021 in Review
114 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Seritage Growth Properties (SRG) for Q1 2021, worth a combined $480M — up 3.2% from $465M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of SRG and 17 opened new positions — a net loss of 2 holders — while 46 trimmed existing stakes and 32 added.
The largest buyer was Centersquare Investment Management, opening a new position worth an estimated $6.91M. The largest seller was EdgePoint Investment Group, exiting entirely with an estimated $62.4M sold.
- 114 institutional investors held Seritage Growth Properties (SRG) as of Q1 2021, down from 117 in Q4 2020.
- Funds reported $480M of Seritage Growth Properties stock for Q1 2021, up 3.2% quarter-over-quarter.
- 17 funds opened new Seritage Growth Properties positions in Q1 2021 and 19 closed out, a net change of -2 holders.
- The largest Seritage Growth Properties buyer in Q1 2021 was Centersquare Investment Management, an estimated $6.91M added.
- The largest Seritage Growth Properties seller in Q1 2021 was EdgePoint Investment Group, an estimated $62.4M sold.
Based on aggregated 13F filings for Q1 2021.