Sonic Automotive
181 hedge funds and large institutions have $735M invested in Sonic Automotive in 2023 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 51 increasing their positions, 83 reducing their positions, and 22 closing their positions.
33% more call options, than puts
Call options by funds: $788K | Put options by funds: $592K
5% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 22
1% less funds holding
Funds holding: 183 → 181 (-2)
7.73% less ownership
Funds ownership: 73.43% → 65.7% (-7.7%)
10% less capital invested
Capital invested by funds: $818M → $735M (-$82.7M)
39% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 83
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$14.5M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$6.36M |
| 3 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
+$5.6M |
| 4 |
SSA
Schonfeld Strategic Advisors
New York
|
+$2.99M |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$1.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ER
EVR Research
Richmond,
Virginia
|
-$17.3M |
| 2 |
Millennium Management
New York
|
-$12.6M |
| 3 |
BlackRock
New York
|
-$11.7M |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
-$9.9M |
| 5 |
VC
Voss Capital
Houston,
Texas
|
-$9.04M |
SAH Hedge Fund Activity: Q3 2023 in Review
181 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Sonic Automotive (SAH) for Q3 2023, worth a combined $735M — down 10% from $818M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of SAH and 21 opened new positions — a net loss of 1 holder — while 83 trimmed existing stakes and 51 added.
The largest buyer was Jacobs Levy Equity Management, adding an estimated $14.5M. The largest seller was EVR Research, cutting an estimated $17.3M.
- 181 institutional investors held Sonic Automotive (SAH) as of Q3 2023, down from 183 in Q2 2023.
- Funds reported $735M of Sonic Automotive stock for Q3 2023, down 10% quarter-over-quarter.
- 21 funds opened new Sonic Automotive positions in Q3 2023 and 22 closed out, a net change of -1 holder.
- The largest Sonic Automotive buyer in Q3 2023 was Jacobs Levy Equity Management, an estimated $14.5M added.
- The largest Sonic Automotive seller in Q3 2023 was EVR Research, an estimated $17.3M sold.
Based on aggregated 13F filings for Q3 2023.