SEARS Canada Inc.
SRSC
SRSC was delisted on the 30th of June, 2017.
56 hedge funds and large institutions have $337M invested in SEARS Canada Inc. in 2015 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 20 reducing their positions, and 12 closing their positions.
8% more capital invested
Capital invested by funds: $312M → $337M (+$25.4M)
14% less funds holding
Funds holding: 65 → 56 (-9)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
45% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 20
75% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Fairholme Capital Management
South Miami,
Florida
|
+$10.9M |
| 2 |
TL
TowerView LLC
New York
|
+$199K |
| 3 |
Renaissance Technologies
New York
|
+$121K |
| 4 |
Goldman Sachs
New York
|
+$115K |
| 5 |
Axa
Paris,
France
|
+$76.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCP
Fine Capital Partners
New York
|
-$7.01M |
| 2 |
HK
Horizon Kinetics
New York
|
-$879K |
| 3 |
UONDDL
University of Notre Dame du Lac
South Bend,
Indiana
|
-$298K |
| 4 |
UOC
University of Chicago
Chicago,
Illinois
|
-$121K |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$80K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$3K | -375 | Closed |
|
52
Barclays
London,
United Kingdom
| – | -$1.2K | -200 | -80% |
|
53
Walleye Trading
New York
| – | -$1K | -100 | Closed |
|
54
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$222 | -37 | -40% |
|
|
HNB
55
Huntington National Bank
Columbus,
Ohio
| – | +$78 | +13 | New |
|
SRSC Hedge Fund Activity: Q3 2015 in Review
56 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in SEARS Canada Inc. (SRSC) for Q3 2015, worth a combined $337M — up 8.1% from $312M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of SRSC and 3 opened new positions — a net loss of 9 holders — while 20 trimmed existing stakes and 11 added.
The largest buyer was Fairholme Capital Management, adding an estimated $10.9M. The largest seller was Fine Capital Partners, exiting entirely with an estimated $7.01M sold.
- 56 institutional investors held SEARS Canada Inc. (SRSC) as of Q3 2015, down from 65 in Q2 2015.
- Funds reported $337M of SEARS Canada Inc. stock for Q3 2015, up 8.1% quarter-over-quarter.
- 3 funds opened new SEARS Canada Inc. positions in Q3 2015 and 12 closed out, a net change of -9 holders.
- The largest SEARS Canada Inc. buyer in Q3 2015 was Fairholme Capital Management, an estimated $10.9M added.
- The largest SEARS Canada Inc. seller in Q3 2015 was Fine Capital Partners, an estimated $7.01M sold.
Based on aggregated 13F filings for Q3 2015.