Sonic Automotive
143 hedge funds and large institutions have $872M invested in Sonic Automotive in 2014 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 50 increasing their positions, 47 reducing their positions, and 12 closing their positions.
2,334% more call options, than puts
Call options by funds: $12.6M | Put options by funds: $519K
67% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 12
6% more funds holding
Funds holding: 135 → 143 (+8)
6% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 47
0.5% less ownership
Funds ownership: 88.28% → 87.79% (-0.5%)
9% less capital invested
Capital invested by funds: $955M → $872M (-$82.8M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
+$14M |
| 2 |
CCM
Cobalt Capital Management
Short Hills,
New Jersey
|
+$6.98M |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$4.56M |
| 4 |
Morgan Stanley
New York
|
+$3.69M |
| 5 |
ACM
Altalis Capital Management
New York
|
+$3.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highline Capital Management
New York
|
-$13.7M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$11.5M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$9.31M |
| 4 |
LCM
Lakewood Capital Management
New York
|
-$5.98M |
| 5 |
EAM
EverPoint Asset Management
Stamford,
Connecticut
|
-$5.03M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QT
151
Quantbot Technologies
New York
| – | -$101K | -3,800 | Closed |
|
|
PAM
152
Paradigm Asset Management
New York
| – | -$61.4K | -2,300 | Closed |
|
|
PMFA
153
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$13K | -500 | Closed |
|
154
Group One Trading
Chicago,
Illinois
| – | -$6.55K | -263 | Closed |
|
SAH Hedge Fund Activity: Q3 2014 in Review
143 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Sonic Automotive (SAH) for Q3 2014, worth a combined $872M — down 8.7% from $955M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new SAH positions and 12 closed out — a net gain of 8 holders — while 50 added to existing stakes and 47 trimmed.
The largest buyer was Eminence Capital, adding an estimated $14M. The largest seller was Highline Capital Management, exiting entirely with an estimated $13.7M sold.
- 143 institutional investors held Sonic Automotive (SAH) as of Q3 2014, up from 135 in Q2 2014.
- Funds reported $872M of Sonic Automotive stock for Q3 2014, down 8.7% quarter-over-quarter.
- 20 funds opened new Sonic Automotive positions in Q3 2014 and 12 closed out, a net change of +8 holders.
- The largest Sonic Automotive buyer in Q3 2014 was Eminence Capital, an estimated $14M added.
- The largest Sonic Automotive seller in Q3 2014 was Highline Capital Management, an estimated $13.7M sold.
Based on aggregated 13F filings for Q3 2014.