Sonic Automotive
150 hedge funds and large institutions have $530M invested in Sonic Automotive in 2016 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 55 increasing their positions, 49 reducing their positions, and 24 closing their positions.
350% more call options, than puts
Call options by funds: $9K | Put options by funds: $2K
12% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 49
2% less funds holding
Funds holding: 153 → 150 (-3)
3.03% less ownership
Funds ownership: 87.32% → 84.29% (-3%)
13% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 24
29% less capital invested
Capital invested by funds: $751M → $530M (-$221M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
+$7.74M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$6.63M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
+$5.45M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
+$3.44M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$3.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
-$72.6M |
| 2 |
CI
Cambiar Investors
Denver,
Colorado
|
-$19.4M |
| 3 |
Goldman Sachs
New York
|
-$7.02M |
| 4 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
-$6.8M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$6.67M |
SAH Hedge Fund Activity: Q1 2016 in Review
150 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Sonic Automotive (SAH) for Q1 2016, worth a combined $530M — down 29% from $751M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of SAH and 21 opened new positions — a net loss of 3 holders — while 49 trimmed existing stakes and 55 added.
The largest buyer was Virtus Fund Advisers, adding an estimated $7.74M. The largest seller was Eminence Capital, exiting entirely with an estimated $72.6M sold.
- 150 institutional investors held Sonic Automotive (SAH) as of Q1 2016, down from 153 in Q4 2015.
- Funds reported $530M of Sonic Automotive stock for Q1 2016, down 29% quarter-over-quarter.
- 21 funds opened new Sonic Automotive positions in Q1 2016 and 24 closed out, a net change of -3 holders.
- The largest Sonic Automotive buyer in Q1 2016 was Virtus Fund Advisers, an estimated $7.74M added.
- The largest Sonic Automotive seller in Q1 2016 was Eminence Capital, an estimated $72.6M sold.
Based on aggregated 13F filings for Q1 2016.