Sonic Automotive
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
Towle & Co
Denver,
Colorado
|
+$19M |
| 2 |
Verition Fund Management
Greenwich,
Connecticut
|
+$6.6M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$6.42M |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$6.05M |
| 5 |
JGC
J. Goldman & Co
New York
|
+$5.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$27.4M |
| 2 |
Millennium Management
New York
|
-$19.7M |
| 3 |
CCPM
Cooper Creek Partners Management
New York
|
-$10.8M |
| 4 |
Goldman Sachs
New York
|
-$6.68M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$5.13M |
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.