SKT ranks #1746 out of 37503 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
SKT is a top-conviction position for Land & Buildings Investment Management, LLC — at 5.4% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in SKT belongs to BlackRock, Inc., but the position matters far more to Land & Buildings Investment Management, LLC, who has 5.4% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
Fidelity has added to its SKT position for two straight quarters, increasing it by $258.2M to reach $648.7M today.
Wellington Management Group LLP has trimmed its SKT position for two straight quarters, cutting it by $42.9M while still holding $38.1M.
SKT is up 0.9% today, and institutions have been net buyers of $407.2M this quarter — today's price move and the underlying institutional flow are pointing the same direction.