SEARS Canada Inc.
SRSC
SRSC was delisted on the 30th of June, 2017.
53 hedge funds and large institutions have $84.7M invested in SEARS Canada Inc. in 2016 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 17 reducing their positions, and 5 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
4% less funds holding
Funds holding: 55 → 53 (-2)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
29% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 17
32% less capital invested
Capital invested by funds: $124M → $84.7M (-$39.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Fairholme Capital Management
South Miami,
Florida
|
+$209K |
| 2 |
Renaissance Technologies
New York
|
+$77.6K |
| 3 |
TL
TowerView LLC
New York
|
+$20.9K |
| 4 |
Zurich Cantonal Bank
Zurich,
Switzerland
|
+$10.8K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$2.31K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
-$1.3M |
| 2 |
EDRH
Edmond de Rothschild Holding
Chambesy,
Switzerland
|
-$165K |
| 3 |
MRI
Mad River Investors
Boston,
Massachusetts
|
-$102K |
| 4 |
Franklin Resources
San Mateo,
California
|
-$49.5K |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$48K |
SRSC Hedge Fund Activity: Q4 2016 in Review
53 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in SEARS Canada Inc. (SRSC) for Q4 2016, worth a combined $84.7M — down 32% from $124M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SRSC and 4 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 12 added.
The largest buyer was Fairholme Capital Management, adding an estimated $209K. The largest seller was Horizon Kinetics, cutting an estimated $1.3M.
- 53 institutional investors held SEARS Canada Inc. (SRSC) as of Q4 2016, down from 55 in Q3 2016.
- Funds reported $84.7M of SEARS Canada Inc. stock for Q4 2016, down 32% quarter-over-quarter.
- 4 funds opened new SEARS Canada Inc. positions in Q4 2016 and 5 closed out, a net change of -1 holder.
- The largest SEARS Canada Inc. buyer in Q4 2016 was Fairholme Capital Management, an estimated $209K added.
- The largest SEARS Canada Inc. seller in Q4 2016 was Horizon Kinetics, an estimated $1.3M sold.
Based on aggregated 13F filings for Q4 2016.