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Sonic Automotive
SAH

140 hedge funds and large institutions have $546M invested in Sonic Automotive in 2016 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 45 increasing their positions, 55 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

6% more capital invested

Capital invested by funds: $517M → $546M (+$29M)

1.76% less ownership

Funds ownership: 89.22% → 87.47% (-1.8%)

5% less funds holding

Funds holding: 147 → 140 (-7)

18% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 55

33% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 18

100% less call options, than puts

Call options by funds: $1K | Put options by funds: $457K

Holders
140
Holders Change
-7
Holders Change %
-4.76%
% of All Funds
3.74%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
12
Increased
45
Reduced
55
Closed
18
Calls
$1K
Puts
$457K
Net Calls
-$456K
Net Calls Change
-$448K

Top Buyers

1
EM
Elliott Management
New York
+$8.29M
2
Citadel Advisors
Citadel Advisors
Florida
+$7.3M
3
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$4.98M
4
TC
Towle & Co
Colorado
+$3.3M
5
FG
Formula Growth
Quebec, Canada
+$2.38M

Top Sellers

1
Allianz Asset Management
Allianz Asset Management
Germany
-$17.5M
2
HA
Heartland Advisors
Wisconsin
-$7.51M
3
BGIM
Brandywine Global Investment Management
Pennsylvania
-$2.95M
4
GC
Guggenheim Capital
Illinois
-$2.67M
5
PCM
Piermont Capital Management
Missouri
-$2.64M
Name Holding Trade Value Shares
Change 		Change in
Stake
SDIC
76
South Dakota Investment Council
South Dakota
$613K – – –
Nisa Investment Advisors
77
Nisa Investment Advisors
Missouri
$600K – – –
Comerica Bank
78
Comerica Bank
Texas
$517K -$29.9K -1,690 -6%
CS
79
Credit Suisse
Switzerland
$506K -$266K -15,065 -36%
CI
80
Cambiar Investors
Colorado
$488K – – –
State of Tennessee, Department of Treasury
81
State of Tennessee, Department of Treasury
Tennessee
$434K – – –
MLICM
82
Metropolitan Life Insurance Company (MetLife)
New York
$422K – – –
AIG
83
American International Group
New York
$387K -$6.15K -348 -2%
TPSF
84
Texas Permanent School Fund
Texas
$383K -$28.2K -1,594 -7%
Manulife (Manufacturers Life Insurance)
85
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$365K +$1.36K +77 +0.4%
Public Sector Pension Investment Board (PSP Investments)
86
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$355K -$26.5K -1,500 -7%
CGH
87
Crossmark Global Holdings
Texas
$351K +$304K +17,183 New
SIM
88
Spark Investment Management
New York
$345K -$599K -33,900 -65%
Royal Bank of Canada
89
Royal Bank of Canada
Ontario, Canada
$343K -$281K -15,895 -47%
Millennium Management
90
Millennium Management
New York
$336K +$316K +17,851 New
CG
91
Clinton Group
New York
$326K +$114K +6,428 +59%
PPCM
92
Pillar Pacific Capital Management
California
$317K – – –
SCCM
93
Schafer Cullen Capital Management
New York
$307K -$72.8K -4,115 -20%
CAM
94
Capstone Asset Management
Texas
$306K -$4.24K -240 -1%
UBS AM
95
UBS AM
Illinois
$305K – – –
TRSOTSOK
96
Teachers Retirement System of the State of Kentucky
Kentucky
$267K – – –
ASRS
97
Arizona State Retirement System
Arizona
$260K -$19.4K -1,100 -7%
Thrivent Financial for Lutherans
98
Thrivent Financial for Lutherans
Minnesota
$257K -$4.77K -270 -2%
WAM
99
Weiss Asset Management
Massachusetts
$244K +$229K +12,980 New
FA
100
FDx Advisors
Illinois
$241K +$15.9K +900 +8%
2 3
4
5 6

SAH Hedge Fund Activity: Q3 2016 in Review

140 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Sonic Automotive (SAH) for Q3 2016, worth a combined $546M — up 5.6% from $517M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of SAH and 12 opened new positions — a net loss of 6 holders — while 55 trimmed existing stakes and 45 added.

The largest buyer was Elliott Management, opening a new position worth an estimated $8.29M. The largest seller was Allianz Asset Management, exiting entirely with an estimated $17.5M sold.

  • 140 institutional investors held Sonic Automotive (SAH) as of Q3 2016, down from 147 in Q2 2016.
  • Funds reported $546M of Sonic Automotive stock for Q3 2016, up 5.6% quarter-over-quarter.
  • 12 funds opened new Sonic Automotive positions in Q3 2016 and 18 closed out, a net change of -6 holders.
  • The largest Sonic Automotive buyer in Q3 2016 was Elliott Management, an estimated $8.29M added.
  • The largest Sonic Automotive seller in Q3 2016 was Allianz Asset Management, an estimated $17.5M sold.

Based on aggregated 13F filings for Q3 2016.