SEARS Canada Inc.
SRSC
SRSC was delisted on the 30th of June, 2017.
47 hedge funds and large institutions have $67.4M invested in SEARS Canada Inc. in 2017 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 7 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
11% less funds holding
Funds holding: 53 → 47 (-6)
20% less capital invested
Capital invested by funds: $84.7M → $67.4M (-$17.2M)
46% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 13
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Fairholme Capital Management
South Miami,
Florida
|
+$639K |
| 2 |
TL
TowerView LLC
New York
|
+$36K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$20.3K |
| 4 |
Renaissance Technologies
New York
|
+$16.2K |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$14.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
-$253K |
| 2 |
MRI
Mad River Investors
Boston,
Massachusetts
|
-$190K |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$138K |
| 4 |
Axa
Paris,
France
|
-$39K |
| 5 |
Zurich Cantonal Bank
Zurich,
Switzerland
|
-$26.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
BNP Paribas Financial Markets
Paris,
France
| $718 | – | – | – |
|
|
FDCDDQ
27
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $679 | +$765 | +532 | New |
|
|
MPWT
28
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| $90 | – | – | – |
|
|
MRI
29
Mad River Investors
Boston,
Massachusetts
| – | -$190K | -111,666 | Closed |
|
|
30
Axa
Paris,
France
| – | -$39K | -22,800 | Closed |
|
|
SAM
31
Shell Asset Management
The Hague,
Netherlands
| – | -$1K | -473 | Closed |
|
32
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$224 | -156 | -75% |
|
33
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$104 | -72 | -99% |
|
|
LTFS
34
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$10 | -7 | -4% |
|
35
BlackRock
New York
| – | +$1 | +1 | +50% |
|
SRSC Hedge Fund Activity: Q1 2017 in Review
47 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in SEARS Canada Inc. (SRSC) for Q1 2017, worth a combined $67.4M — down 20% from $84.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of SRSC and 3 opened new positions — a net loss of 4 holders — while 13 trimmed existing stakes and 7 added.
The largest buyer was Fairholme Capital Management, adding an estimated $639K. The largest seller was Horizon Kinetics, cutting an estimated $253K.
- 47 institutional investors held SEARS Canada Inc. (SRSC) as of Q1 2017, down from 53 in Q4 2016.
- Funds reported $67.4M of SEARS Canada Inc. stock for Q1 2017, down 20% quarter-over-quarter.
- 3 funds opened new SEARS Canada Inc. positions in Q1 2017 and 7 closed out, a net change of -4 holders.
- The largest SEARS Canada Inc. buyer in Q1 2017 was Fairholme Capital Management, an estimated $639K added.
- The largest SEARS Canada Inc. seller in Q1 2017 was Horizon Kinetics, an estimated $253K sold.
Based on aggregated 13F filings for Q1 2017.