Sonic Automotive
185 hedge funds and large institutions have $995M invested in Sonic Automotive in 2023 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 65 increasing their positions, 74 reducing their positions, and 26 closing their positions.
12% more capital invested
Capital invested by funds: $892M → $995M (+$103M)
4.42% less ownership
Funds ownership: 82.1% → 77.68% (-4.4%)
7% less funds holding
Funds holding: 199 → 185 (-14)
12% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 74
31% less call options, than puts
Call options by funds: $554K | Put options by funds: $798K
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
42% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$19.2M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$10.7M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.2M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$3.19M |
| 5 |
Two Sigma Investments
New York
|
+$3.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
-$20.5M |
| 2 |
SSA
Schonfeld Strategic Advisors
New York
|
-$14.9M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$13.7M |
| 4 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$11.5M |
| 5 |
TCA
Teewinot Capital Advisers
New York
|
-$8.13M |
SAH Hedge Fund Activity: Q1 2023 in Review
185 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Sonic Automotive (SAH) for Q1 2023, worth a combined $995M — up 12% from $892M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of SAH and 15 opened new positions — a net loss of 11 holders — while 74 trimmed existing stakes and 65 added.
The largest buyer was Envestnet Asset Management, opening a new position worth an estimated $19.2M. The largest seller was Pacer Advisors, exiting entirely with an estimated $20.5M sold.
- 185 institutional investors held Sonic Automotive (SAH) as of Q1 2023, down from 199 in Q4 2022.
- Funds reported $995M of Sonic Automotive stock for Q1 2023, up 12% quarter-over-quarter.
- 15 funds opened new Sonic Automotive positions in Q1 2023 and 26 closed out, a net change of -11 holders.
- The largest Sonic Automotive buyer in Q1 2023 was Envestnet Asset Management, an estimated $19.2M added.
- The largest Sonic Automotive seller in Q1 2023 was Pacer Advisors, an estimated $20.5M sold.
Based on aggregated 13F filings for Q1 2023.