Advisory Research’s SM Energy SM Stock Holding History

Advisory Research’s Portfolio SM Stock Details SM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2023 Q1	–	Sell	-1,401,845	Closed	-$48.8M	–	398
2022 Q4	$48.8M	Sell	1,401,845 -66,665	-5%	-$2.77M	4.59%	4
2022 Q3	$55.2M	Sell	1,468,510 -181,803	-11%	-$7.15M	5.4%	2
2022 Q2	$56.4M	Sell	1,650,313 -140,098	-8%	-$5.69M	5.51%	2
2022 Q1	$69.7M	Buy	1,790,411 +94,867	+6%	+$3.42M	5.59%	2
2021 Q4	$50M	Buy	1,695,544 +631,694	+59%	+$19.7M	3.93%	3
2021 Q3	$28.1M	Buy	1,063,850 +355,154	+50%	+$7.17M	1.8%	5
2021 Q2	$17.5M	Sell	708,696 -162,859	-19%	-$3.16M	1.15%	16
2021 Q1	$14.3M	Sell	871,555 -571,336	-40%	-$7.3M	1%	24
2020 Q4	$8.83M	Sell	1,442,891 -80,465	-5%	-$271K	0.65%	57
2020 Q3	$2.42M	Sell	1,523,356 -121,888	-7%	-$340K	0.24%	98
2020 Q2	$6.17M	Hold	1,645,244	–	–	0.55%	58
2020 Q1	$2.01M	Sell	1,645,244 -192,926	-10%	-$1.36M	0.14%	85
2019 Q4	$20.7M	Buy	1,838,170 +305,724	+20%	+$2.75M	0.95%	44
2019 Q3	$14.8M	Sell	1,532,446 -264,156	-15%	-$2.69M	0.71%	57
2019 Q2	$22.5M	Hold	1,796,602	–	–	0.44%	62
2019 Q1	$31.4M	Buy	1,796,602 +173,198	+11%	+$3.08M	0.61%	42
2018 Q4	$25.1M	Buy	1,623,404 +395,420	+32%	+$9.14M	0.53%	52
2018 Q3	$38.7M	Sell	1,227,984 -34,950	-3%	-$1M	0.63%	40
2018 Q2	$32.4M	Buy	1,262,934 +521,400	+70%	+$12.2M	0.52%	57
2018 Q1	$13.4M	Buy	741,534 +300,000	+68%	+$6.48M	0.24%	104
2017 Q4	$9.75M	Hold	441,534	–	–	0.16%	119
2017 Q3	$7.83M	Sell	441,534 -21,280	-5%	-$333K	0.12%	129
2017 Q2	$7.65M	Hold	462,814	–	–	0.12%	132
2017 Q1	$11.1M	Buy	462,814 +96,220	+26%	+$2.67M	0.16%	99
2016 Q4	$12.6M	Sell	366,594 -472,584	-56%	-$17.1M	0.19%	96
2016 Q3	$32.4M	Buy	839,178 +52,425	+7%	+$1.68M	0.53%	60
2016 Q2	$21.2M	Sell	786,753 -223,010	-22%	-$6.25M	0.37%	75
2016 Q1	$18.9M	Buy	1,009,763 +413,509	+69%	+$5.7M	0.36%	75
2015 Q4	$11.7M	Buy	596,254 +142,351	+31%	+$4.34M	0.18%	126
2015 Q3	$14.5M	Buy	453,903 +12,540	+3%	+$455K	0.21%	124
2015 Q2	$20.4M	Buy	441,363 +68,900	+18%	+$3.64M	0.23%	111
2015 Q1	$19.2M	Buy	372,463 +221,463	+147%	+$9.61M	0.21%	107
2014 Q4	$5.83M	Buy	151,000 +123,500	+449%	+$6.19M	0.06%	160
2014 Q3	$2.15M	Sell	27,500 -7,500	-21%	-$612K	0.02%	195
2014 Q2	$2.94M	Hold	35,000	–	–	0.03%	187
2014 Q1	$2.5M	Hold	35,000	–	–	0.03%	176
2013 Q4	$2.91M	Sell	35,000 -5,000	-13%	-$426K	0.03%	177
2013 Q3	$3.09M	Hold	40,000	–	–	0.03%	179
2013 Q2	$2.4M	Buy	+40,000	New	+$2.44M	0.03%	192

Other funds holding SM

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

FCM

Frontier Capital Management Boston, Massachusetts $9.73B AUM 55.65% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

RRAM

River Road Asset Management Louisville, Kentucky $8.99B AUM 12.83% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Millennium Management New York $240B AUM 35.51% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Advisory Research's SM Position: Q1 2023 in Review

Advisory Research sold out of SM Energy (SM) in Q1 2023, closing a stake of 1,401,845 shares — an estimated $48.8M sold.

Advisory Research first reported a position in SM in Q2 2013 and held it in 39 quarters. The position peaked at $69.7M in Q1 2022. 294 funds tracked by Wall St. Rank hold SM as of Q1 2023.

Advisory Research reported no remaining SM Energy position as of Q1 2023 after selling out during the quarter.
Advisory Research sold 1,401,845 SM Energy shares in Q1 2023, an estimated $48.8M.
Advisory Research first reported a position in SM Energy in Q2 2013 and held it in 39 quarters.
Advisory Research's SM Energy position peaked at $69.7M in Q1 2022.
294 funds tracked by Wall St. Rank held SM Energy as of Q1 2023.

Based on Advisory Research's 13F filing for Q1 2023, filed 12 May 2023.