Sonic Automotive
138 hedge funds and large institutions have $819M invested in Sonic Automotive in 2013 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 46 increasing their positions, 53 reducing their positions, and 18 closing their positions.
1,863% more call options, than puts
Call options by funds: $2.45M | Put options by funds: $125K
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
22% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 18
14% more capital invested
Capital invested by funds: $721M → $819M (+$98.1M)
1.14% more ownership
Funds ownership: 83.32% → 84.46% (+1.1%)
1% more funds holding
Funds holding: 137 → 138 (+1)
13% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 53
Top Buyers
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$25.6M |
| 2 |
Goldman Sachs
New York
|
+$22.2M |
| 3 |
BWCA
Brenner West Capital Advisors
New York
|
+$17.4M |
| 4 |
LCM
Lakewood Capital Management
New York
|
+$12.6M |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$12.5M |
Top Sellers
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$60.5M |
| 2 |
HCM
Hawkeye Capital Management
Miami Beach,
Florida
|
-$16.6M |
| 3 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$8.64M |
| 4 |
Luther King Capital Management (LKCM)
Fort Worth,
Texas
|
-$6.45M |
| 5 |
Morgan Stanley
New York
|
-$3.67M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DC
151
Davenport & Co
Richmond,
Virginia
| – | -$251K | -11,850 | Closed |
|
|
AL
152
Airain Ltd
St. Peter Port,
Guernsey
| – | -$230K | -10,884 | Closed |
|
|
HHC
153
Hutchin Hill Capital
New York
| – | -$203K | -9,600 | Closed |
|
|
CONA
154
Capital One National Association
New York
| – | -$202K | -9,557 | Closed |
|
155
Arrowstreet Capital
Boston,
Massachusetts
| – | -$62K | -2,938 | Closed |
|
|
WA
156
WFG Advisors
Dallas,
Texas
| – | +$230 | +10 | New |
|
SAH Hedge Fund Activity: Q3 2013 in Review
138 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Sonic Automotive (SAH) for Q3 2013, worth a combined $819M — up 14% from $721M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new SAH positions and 18 closed out — a net gain of 4 holders — while 46 added to existing stakes and 53 trimmed.
The largest buyer was Hotchkis & Wiley Capital Management, opening a new position worth an estimated $25.6M. The largest seller was Fidelity Investments, cutting an estimated $60.5M.
- 138 institutional investors held Sonic Automotive (SAH) as of Q3 2013, up from 137 in Q2 2013.
- Funds reported $819M of Sonic Automotive stock for Q3 2013, up 14% quarter-over-quarter.
- 22 funds opened new Sonic Automotive positions in Q3 2013 and 18 closed out, a net change of +4 holders.
- The largest Sonic Automotive buyer in Q3 2013 was Hotchkis & Wiley Capital Management, an estimated $25.6M added.
- The largest Sonic Automotive seller in Q3 2013 was Fidelity Investments, an estimated $60.5M sold.
Based on aggregated 13F filings for Q3 2013.