Sonic Automotive
183 hedge funds and large institutions have $818M invested in Sonic Automotive in 2023 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 45 increasing their positions, 86 reducing their positions, and 32 closing their positions.
50% more call options, than puts
Call options by funds: $229K | Put options by funds: $153K
6% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 32
1% less funds holding
Funds holding: 185 → 183 (-2)
4.25% less ownership
Funds ownership: 77.68% → 73.43% (-4.3%)
18% less capital invested
Capital invested by funds: $995M → $818M (-$177M)
48% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 86
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$20.2M |
| 2 |
VC
Voss Capital
Houston,
Texas
|
+$8.74M |
| 3 |
JGC
J. Goldman & Co
New York
|
+$8.14M |
| 4 |
Goldman Sachs
New York
|
+$5.97M |
| 5 |
ER
EVR Research
Richmond,
Virginia
|
+$3.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$20.2M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$10.8M |
| 3 |
KAM
Knightsbridge Asset Management
Newport Beach,
California
|
-$10.1M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$9.98M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
-$9.29M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Mariner
Overland Park,
Kansas
| – | -$360K | -6,623 | Closed |
|
|
GAM
202
Gotham Asset Management
New York
| – | -$291K | -5,355 | Closed |
|
203
Teacher Retirement System of Texas
Austin,
Texas
| – | -$245K | -4,511 | Closed |
|
|
MM
204
MQS Management
New York
| – | -$233K | -4,295 | Closed |
|
205
HighTower Advisors
Chicago,
Illinois
| – | -$218K | -3,979 | Closed |
|
|
AAS
206
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$54.6K | -1,033 | Closed |
|
|
BTI
207
Blue Trust Inc
Alpharetta,
Georgia
| – | -$18K | -372 | Closed |
|
208
Simplex Trading
Chicago,
Illinois
| – | -$6K | -128 | Closed |
|
|
SWM
209
Spire Wealth Management
Mclean,
Virginia
| – | -$3.91K | -72 | Closed |
|
|
BAM
210
Belpointe Asset Management
Reno,
Nevada
| – | -$1.58K | -29 | Closed |
|
211
Group One Trading
Chicago,
Illinois
| – | -$978 | -18 | Closed |
|
|
SC
212
Schubert & Co
Mckinney,
Texas
| – | -$707 | -13 | Closed |
|
|
PA
213
Parallel Advisors
San Francisco,
California
| – | -$326 | -6 | Closed |
|
|
TWA
214
TCI Wealth Advisors
Tucson,
Arizona
| – | -$55 | -1 | Closed |
|
SAH Hedge Fund Activity: Q2 2023 in Review
183 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Sonic Automotive (SAH) for Q2 2023, worth a combined $818M — down 18% from $995M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of SAH and 30 opened new positions — a net loss of 2 holders — while 86 trimmed existing stakes and 45 added.
The largest buyer was Millennium Management, adding an estimated $20.2M. The largest seller was BlackRock, cutting an estimated $20.2M.
- 183 institutional investors held Sonic Automotive (SAH) as of Q2 2023, down from 185 in Q1 2023.
- Funds reported $818M of Sonic Automotive stock for Q2 2023, down 18% quarter-over-quarter.
- 30 funds opened new Sonic Automotive positions in Q2 2023 and 32 closed out, a net change of -2 holders.
- The largest Sonic Automotive buyer in Q2 2023 was Millennium Management, an estimated $20.2M added.
- The largest Sonic Automotive seller in Q2 2023 was BlackRock, an estimated $20.2M sold.
Based on aggregated 13F filings for Q2 2023.