SEARS Canada Inc.
SRSC
SRSC was delisted on the 30th of June, 2017.
43 hedge funds and large institutions have $39.9M invested in SEARS Canada Inc. in 2017 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 3 reducing their positions, and 9 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 3
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
9% less funds holding
Funds holding: 47 → 43 (-4)
41% less capital invested
Capital invested by funds: $67.4M → $39.9M (-$27.5M)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Fairholme Capital Management
South Miami,
Florida
|
+$723K |
| 2 |
Goldman Sachs
New York
|
+$75.1K |
| 3 |
TSS
Two Sigma Securities
New York
|
+$25.4K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$21.8K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$14K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$560K |
| 2 |
Renaissance Technologies
New York
|
-$274K |
| 3 |
HK
Horizon Kinetics
New York
|
-$140K |
| 4 |
Morgan Stanley
New York
|
-$62.4K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
-$60K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Geode Capital Management
Boston,
Massachusetts
| – | -$60K | -43,368 | Closed |
|
27
Zurich Cantonal Bank
Zurich,
Switzerland
| – | -$43K | -30,836 | Closed |
|
28
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
| – | -$30K | -21,466 | Closed |
|
29
Dimensional Fund Advisors
Austin,
Texas
| – | -$25K | -18,450 | Closed |
|
30
Arrowstreet Capital
Boston,
Massachusetts
| – | -$15K | -10,380 | Closed |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| – | -$5K | -2,761 | Closed |
|
|
WT
32
Whittier Trust
South Pasadena,
California
| – | -$7 | -8 | -19% |
|
33
JP Morgan Chase
New York
| – | +$1 | +1 | +6% |
|
34
Bank of America
Charlotte,
North Carolina
| – | +$3 | +3 | +0.6% |
|
|
IA
35
IFP Advisors
Tampa,
Florida
| – | +$12 | +13 | +15% |
|
36
Creative Planning
Overland Park,
Kansas
| – | +$16 | +17 | +17% |
|
|
AG
37
Advisor Group
Phoenix,
Arizona
| – | +$20 | +22 | New |
|
38
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | +$60 | +65 | +127% |
|
39
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$361 | +392 | +39,200% |
|
SRSC Hedge Fund Activity: Q2 2017 in Review
43 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in SEARS Canada Inc. (SRSC) for Q2 2017, worth a combined $39.9M — down 41% from $67.4M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of SRSC and 5 opened new positions — a net loss of 4 holders — while 3 trimmed existing stakes and 12 added.
The largest buyer was Fairholme Capital Management, adding an estimated $723K. The largest seller was Franklin Resources, exiting entirely with an estimated $560K sold.
- 43 institutional investors held SEARS Canada Inc. (SRSC) as of Q2 2017, down from 47 in Q1 2017.
- Funds reported $39.9M of SEARS Canada Inc. stock for Q2 2017, down 41% quarter-over-quarter.
- 5 funds opened new SEARS Canada Inc. positions in Q2 2017 and 9 closed out, a net change of -4 holders.
- The largest SEARS Canada Inc. buyer in Q2 2017 was Fairholme Capital Management, an estimated $723K added.
- The largest SEARS Canada Inc. seller in Q2 2017 was Franklin Resources, an estimated $560K sold.
Based on aggregated 13F filings for Q2 2017.