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Sonic Automotive
SAH

184 hedge funds and large institutions have $898M invested in Sonic Automotive in 2024 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 53 increasing their positions, 80 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

431% more call options, than puts

Call options by funds: $4.47M | Put options by funds: $842K

2% less capital invested

Capital invested by funds: $919M → $898M (-$20.8M)

2.92% less ownership

Funds ownership: 74.76% → 71.84% (-2.9%)

6% less funds holding

Funds holding: 196 → 184 (-12)

33% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 30

34% less repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 80

Holders
184
Holders Change
-12
Holders Change %
-6.12%
% of All Funds
2.65%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
20
Increased
53
Reduced
80
Closed
30
Calls
$4.47M
Puts
$842K
Net Calls
+$3.63M
Net Calls Change
-$2.15M

Top Buyers

Rank Fund Capital Flow
1
TC
Towle & Co
Colorado
+$19M
2
Verition Fund Management
Verition Fund Management
Connecticut
+$6.6M
3
Bank of America
Bank of America
North Carolina
+$6.42M
4
CSS
Cubist Systematic Strategies
Connecticut
+$6.05M
5
JGC
J. Goldman & Co
New York
+$5.54M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$27.4M
2
Millennium Management
Millennium Management
New York
-$19.7M
3
CCPM
Cooper Creek Partners Management
New York
-$10.8M
4
Goldman Sachs
Goldman Sachs
New York
-$6.68M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$5.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Investments
26
Two Sigma Investments
New York
$6.29M +$4.72M +89,206 +419%
LSV Asset Management
27
LSV Asset Management
Illinois
$5.99M -$524K -9,900 -9%
Tudor Investment Corp
28
Tudor Investment Corp
Connecticut
$5.68M +$2.2M +41,501 +71%
GC
29
Guggenheim Capital
Illinois
$5.56M +$3.37M +63,603 +187%
Two Sigma Advisers
30
Two Sigma Advisers
New York
$4.42M +$2.34M +44,200 +132%
Principal Financial Group
31
Principal Financial Group
Iowa
$4.39M -$490K -9,262 -11%
BGIM
32
Brandywine Global Investment Management
Pennsylvania
$4.31M +$57.7K +1,089 +1%
Renaissance Technologies
33
Renaissance Technologies
New York
$3.99M -$1.74M -32,900 -32%
Point72 Asset Management
34
Point72 Asset Management
Connecticut
$3.47M +$3.22M +60,900 New
Ohio Public Employees Retirement System (OPERS)
35
Ohio Public Employees Retirement System (OPERS)
Ohio
$3.31M -$288K -5,441 -9%
FG
36
Formula Growth
Quebec, Canada
$3.29M -$159K -3,000 -5%
AG
37
Algert Global
California
$3.26M +$784K +14,804 +35%
CCPM
38
Cooper Creek Partners Management
New York
$3.01M -$10.8M -204,754 -79%
EGM
39
Engineers Gate Manager
New York
$2.9M -$375K -7,087 -12%
RhumbLine Advisers
40
RhumbLine Advisers
Massachusetts
$2.89M -$35.5K -671 -1%
Voloridge Investment Management
41
Voloridge Investment Management
Florida
$2.52M +$541K +10,218 +30%
Fidelity Investments
42
Fidelity Investments
Massachusetts
$2.42M -$487K -9,202 -18%
Legal & General Group
43
Legal & General Group
United Kingdom
$2.41M -$63.6K -1,202 -3%
Citadel Advisors
44
Citadel Advisors
Florida
$2.3M -$1.69M -31,999 -44%
BNP Paribas Financial Markets
45
BNP Paribas Financial Markets
France
$2.28M -$169K -3,191 -7%
TCA
46
Teewinot Capital Advisers
New York
$2.24M – – –
DA
47
Denali Advisors
California
$2.09M +$471K +8,900 +32%
JF
48
Jump Financial
Illinois
$1.86M +$63K +1,190 +4%
Public Sector Pension Investment Board (PSP Investments)
49
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.76M – – –
New York State Teachers Retirement System (NYSTRS)
50
New York State Teachers Retirement System (NYSTRS)
New York
$1.64M -$132K -2,488 -8%
1
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SAH Hedge Fund Activity: Q1 2024 in Review

184 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Sonic Automotive (SAH) for Q1 2024, worth a combined $898M — down 2.3% from $919M a quarter earlier.

Sellers outnumbered buyers: 30 funds closed out of SAH and 20 opened new positions — a net loss of 10 holders — while 80 trimmed existing stakes and 53 added.

The largest buyer was Towle & Co, adding an estimated $19M. The largest seller was Morgan Stanley, cutting an estimated $27.4M.

  • 184 institutional investors held Sonic Automotive (SAH) as of Q1 2024, down from 196 in Q4 2023.
  • Funds reported $898M of Sonic Automotive stock for Q1 2024, down 2.3% quarter-over-quarter.
  • 20 funds opened new Sonic Automotive positions in Q1 2024 and 30 closed out, a net change of -10 holders.
  • The largest Sonic Automotive buyer in Q1 2024 was Towle & Co, an estimated $19M added.
  • The largest Sonic Automotive seller in Q1 2024 was Morgan Stanley, an estimated $27.4M sold.

Based on aggregated 13F filings for Q1 2024.