Sonic Automotive
136 hedge funds and large institutions have $853M invested in Sonic Automotive in 2013 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 48 increasing their positions, 44 reducing their positions, and 25 closing their positions.
1.32% more ownership
Funds ownership: 84.46% → 85.78% (+1.3%)
9% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 44
4% more capital invested
Capital invested by funds: $819M → $853M (+$34.3M)
8% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 25
10% less call options, than puts
Call options by funds: $151K | Put options by funds: $167K
1% less funds holding
Funds holding: 138 → 136 (-2)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$29.4M |
| 2 |
EC
Eminence Capital
New York
|
+$18.7M |
| 3 |
LCM
Lakewood Capital Management
New York
|
+$16.2M |
| 4 |
MC
MSF Capital
New York
|
+$7.8M |
| 5 |
PCM
Proxima Capital Management
New York
|
+$7.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Luther King Capital Management (LKCM)
Fort Worth,
Texas
|
-$24.9M |
| 2 |
BWCA
Brenner West Capital Advisors
New York
|
-$18M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$13M |
| 4 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
-$12.1M |
| 5 |
SCA
Southpoint Capital Advisors
New York
|
-$10.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SI
151
Stephens Inc
Little Rock,
Arkansas
| – | -$438K | -18,417 | Closed |
|
|
LOAMU
152
Lombard Odier Asset Management (USA)
New York
| – | -$369K | -15,500 | Closed |
|
|
RJA
153
Raymond James & Associates
St Petersburg,
Florida
| – | -$299K | -12,567 | Closed |
|
|
SIM
154
Spark Investment Management
New York
| – | -$278K | -11,700 | Closed |
|
155
Tudor Investment Corp
Stamford,
Connecticut
| – | -$278K | -11,700 | Closed |
|
156
T. Rowe Price Associates
Baltimore,
Maryland
| – | -$274K | -11,520 | Closed |
|
|
NCCM
157
Nine Chapters Capital Management
Short Hills,
New Jersey
| – | -$255K | -10,700 | Closed |
|
158
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$250K | -10,516 | Closed |
|
|
GCP
159
GSA Capital Partners
London,
United Kingdom
| – | -$250K | -10,500 | Closed |
|
|
RCM
160
Reynolds Capital Management
Las Vegas,
Nevada
| – | -$212K | -8,900 | Closed |
|
161
SG Americas Securities
New York
| – | -$165K | -6,937 | Closed |
|
SAH Hedge Fund Activity: Q4 2013 in Review
136 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Sonic Automotive (SAH) for Q4 2013, worth a combined $853M — up 4.2% from $819M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of SAH and 23 opened new positions — a net loss of 2 holders — while 44 trimmed existing stakes and 48 added.
The largest buyer was Hotchkis & Wiley Capital Management, adding an estimated $29.4M. The largest seller was Luther King Capital Management (LKCM), exiting entirely with an estimated $24.9M sold.
- 136 institutional investors held Sonic Automotive (SAH) as of Q4 2013, down from 138 in Q3 2013.
- Funds reported $853M of Sonic Automotive stock for Q4 2013, up 4.2% quarter-over-quarter.
- 23 funds opened new Sonic Automotive positions in Q4 2013 and 25 closed out, a net change of -2 holders.
- The largest Sonic Automotive buyer in Q4 2013 was Hotchkis & Wiley Capital Management, an estimated $29.4M added.
- The largest Sonic Automotive seller in Q4 2013 was Luther King Capital Management (LKCM), an estimated $24.9M sold.
Based on aggregated 13F filings for Q4 2013.