Unusually Large $152.93K Block of Put Contracts on March 6th, 2023 at 10:00:16 ET Seritage Growth Properties (SRG) was purchased with a strike price of $8.00/share, expiring in 683 days (on January 17, 2025). Fintail tracks all large options trades, and the premium incurred on this trade was 1.46 sigma above average, placing it in the 95.81 percentile of all recent large trades in SRG Options.
This trade was first picked up on Fintel Realtime option flow
Tool where all large block option trades are tracked.
What is Fund Sentiment?
there are 230 Reporting status of funds or institutions At Seritage Growth Properties. This is a decrease of 22 owners or 8.73% over the previous quarter. average portfolio weight of all funds 0.27% dedicated to SRG, an increase of 149.74%. The total shares owned by institutions decreased by 2.11% to 29,706K shares in the last three months. put/call ratio The SRG stands at 0.90, indicating a bullish outlook.
What are the big shareholders doing?
Hotchkiss & Wiley Capital Management
The company holds 5,532K shares representing 9.87% ownership. In its prior filing, the firm reported representing 5,383K shares.
of 2.69%. Firm
Its portfolio allocation in SRG has increased by 20.42% as compared to the previous quarter.
HWSIX – Hotchkiss & Wiley Small Cap Value Fund Class I
The company holds 1,716K shares representing 3.06% ownership. In its prior filing, the firm reported representing 1,702K shares.
of 0.85%. Firm
Its portfolio allocation in SRG has increased by 12.51% as compared to the previous quarter.
Foreworld Capital Management
The company holds 1,690K shares representing 3.02% ownership.
VGSIX – Vanguard Real Estate Index Fund Investor Shares
The company holds 1,190K shares representing 2.12% ownership. In its prior filing, the firm reported representing 1,202K shares.
of 1.02%. Firm
Its portfolio allocation in SRG has increased by 6.42% as compared to the previous quarter.
AVFIX – American Beacon Small Cap Value Fund Institutional Class
The company holds 1,108K shares representing 1.98% ownership. In its prior filing, the firm reported representing 1,063K shares.
of 4.08%. Firm
fell short of
Its portfolio allocation in SRG rose by 4.03% in the last quarter.
Seritage Growth Properties Background Information
(This description is provided by the company.)
Seritage Growth Properties is a publicly traded, self-administered and self-managed REIT consisting of 158 wholly owned properties and 25 nonconsolidated properties with approximately 26.5 million square feet of living space in 41 states and Puerto Rico. The company was formed in July 2015 to unlock the underlying real estate value of the high-quality retail portfolio it acquired from Sears Holdings. Leasing, redevelopment, creating strategic partnerships or other bespoke solutions.
This story originally appeared on fintail,
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