Macerich Institutional Investor Reduces Stake

B&I Capital AG trims its position in the real estate investment trust

Apr. 16, 2026 at 7:20am

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An extreme close-up of industrial banking equipment and machinery, conveying the heavy, physical nature of financial infrastructure without using literal currency or charts.An institutional investor's reduced stake in a major mall operator reflects broader uncertainty around the future of brick-and-mortar retail.Santa Monica Today

B&I Capital AG, an institutional investor, has reduced its stake in Macerich Company (The) (NYSE:MAC) by 46.1% in the fourth quarter, according to a recent SEC filing. The firm now owns 209,232 shares of the real estate investment trust's stock, down from 388,432 shares previously.

Why it matters

Macerich is a major owner and operator of shopping malls across the United States. The reduction in B&I Capital's position could signal broader investor concerns about the future of brick-and-mortar retail, though the stock has seen some recent gains.

The details

According to the 13F filing, B&I Capital AG sold 179,200 shares of Macerich in the fourth quarter, leaving it with a position worth $3.86 million, or about 1.4% of its total portfolio. Macerich has a market capitalization of $5.52 billion.

  • B&I Capital AG filed the 13F report disclosing the stake reduction in the fourth quarter of 2025.

The players

B&I Capital AG

An institutional investment firm that has reduced its position in Macerich Company.

Macerich Company

A real estate investment trust that owns and operates shopping malls across the United States.

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The takeaway

The reduction in B&I Capital's stake in Macerich reflects broader investor concerns about the future of brick-and-mortar retail, though the REIT has seen some recent stock price gains. This move could signal a shift in sentiment around the company's long-term prospects.