Seritage Growth Properties
SRG
102 hedge funds and large institutions have $204M invested in Seritage Growth Properties in 2023 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 42 increasing their positions, 25 reducing their positions, and 14 closing their positions.
68% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 25
36% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 14
5% more funds holding
Funds holding: 97 → 102 (+5)
2.13% more ownership
Funds ownership: 44.12% → 46.25% (+2.1%)
2% less call options, than puts
Call options by funds: $29.3M | Put options by funds: $30M
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
30% less capital invested
Capital invested by funds: $292M → $204M (-$88.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$7.66M |
| 2 |
NAM
Nexpoint Asset Management
Dallas,
Texas
|
+$4.63M |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$4.33M |
| 4 |
LC
Littlejohn & Co
Greenwich,
Connecticut
|
+$3.6M |
| 5 |
GF
Gabelli Funds
Rye,
New York
|
+$2.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$9.54M |
| 2 |
Morgan Stanley
New York
|
-$9.2M |
| 3 |
GCM
Greenland Capital Management
New York
|
-$6.62M |
| 4 |
Goldman Sachs
New York
|
-$2.74M |
| 5 |
VAM
Vazirani Asset Management
New York
|
-$832K |
SRG Hedge Fund Activity: Q1 2023 in Review
102 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Seritage Growth Properties (SRG) for Q1 2023, worth a combined $204M — down 30% from $292M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new SRG positions and 14 closed out — a net gain of 5 holders — while 42 added to existing stakes and 25 trimmed.
The largest buyer was Balyasny Asset Management, adding an estimated $7.66M. The largest seller was Hotchkis & Wiley Capital Management, cutting an estimated $9.54M.
- 102 institutional investors held Seritage Growth Properties (SRG) as of Q1 2023, up from 97 in Q4 2022.
- Funds reported $204M of Seritage Growth Properties stock for Q1 2023, down 30% quarter-over-quarter.
- 19 funds opened new Seritage Growth Properties positions in Q1 2023 and 14 closed out, a net change of +5 holders.
- The largest Seritage Growth Properties buyer in Q1 2023 was Balyasny Asset Management, an estimated $7.66M added.
- The largest Seritage Growth Properties seller in Q1 2023 was Hotchkis & Wiley Capital Management, an estimated $9.54M sold.
Based on aggregated 13F filings for Q1 2023.