SEARS Canada Inc.
SRSC
SRSC was delisted on the 30th of June, 2017.
55 hedge funds and large institutions have $124M invested in SEARS Canada Inc. in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 18 reducing their positions, and 4 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
7% less funds holding
Funds holding: 59 → 55 (-4)
17% less capital invested
Capital invested by funds: $150M → $124M (-$26M)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
72% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Fairholme Capital Management
South Miami,
Florida
|
+$803K |
| 2 |
Zurich Cantonal Bank
Zurich,
Switzerland
|
+$118K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$834 |
| 4 |
Wells Fargo
San Francisco,
California
|
+$440 |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$265 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
-$356K |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$88K |
| 3 |
Morgan Stanley
New York
|
-$46.1K |
| 4 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$35.8K |
| 5 |
Goldman Sachs
New York
|
-$19.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
UBS Group
Zurich,
Switzerland
| $2K | -$10.2K | -3,780 | -79% |
|
|
SAM
27
Shell Asset Management
The Hague,
Netherlands
| $2K | -$8.82K | -3,269 | -87% |
|
28
US Bancorp
Minneapolis,
Minnesota
| $2K | +$70 | +26 | +3% |
|
29
BNP Paribas Financial Markets
Paris,
France
| $1.38K | – | – | – |
|
|
AG
30
Advisor Group
Phoenix,
Arizona
| $1K | – | – | – |
|
|
31
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | +$265 | +98 | +44% |
|
|
32
Bessemer Group
Woodbridge,
New Jersey
| – | -$88K | -29,708 | Closed |
|
|
33
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$35.8K | -13,279 | -100% |
|
|
TRCT
34
Tower Research Capital (TRC)
New York
| – | -$4.41K | -1,633 | -94% |
|
|
CCA
35
Checchi Capital Advisers
Beverly Hills,
California
| – | -$1K | -464 | Closed |
|
|
WT
36
Whittier Trust
South Pasadena,
California
| – | -$289 | -107 | -71% |
|
37
Creative Planning
Overland Park,
Kansas
| – | -$32 | -12 | -6% |
|
|
LTFS
38
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$5 | -2 | -1% |
|
39
Fifth Third Bancorp
Cincinnati,
Ohio
| – | +$5 | +2 | New |
|
SRSC Hedge Fund Activity: Q3 2016 in Review
55 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in SEARS Canada Inc. (SRSC) for Q3 2016, worth a combined $124M — down 17% from $150M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of SRSC and 2 opened new positions — a net loss of 2 holders — while 18 trimmed existing stakes and 5 added.
The largest buyer was Fairholme Capital Management, adding an estimated $803K. The largest seller was Horizon Kinetics, cutting an estimated $356K.
- 55 institutional investors held SEARS Canada Inc. (SRSC) as of Q3 2016, down from 59 in Q2 2016.
- Funds reported $124M of SEARS Canada Inc. stock for Q3 2016, down 17% quarter-over-quarter.
- 2 funds opened new SEARS Canada Inc. positions in Q3 2016 and 4 closed out, a net change of -2 holders.
- The largest SEARS Canada Inc. buyer in Q3 2016 was Fairholme Capital Management, an estimated $803K added.
- The largest SEARS Canada Inc. seller in Q3 2016 was Horizon Kinetics, an estimated $356K sold.
Based on aggregated 13F filings for Q3 2016.