Sonic Automotive
141 hedge funds and large institutions have $550M invested in Sonic Automotive in 2016 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 45 increasing their positions, 54 reducing their positions, and 18 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
6% more capital invested
Capital invested by funds: $516M → $550M (+$33.5M)
1.53% less ownership
Funds ownership: 89% → 87.47% (-1.5%)
5% less funds holding
Funds holding: 148 → 141 (-7)
17% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 54
33% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 18
100% less call options, than puts
Call options by funds: $1K | Put options by funds: $457K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EM
Elliott Management
New York
|
+$8.29M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$7.3M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$4.98M |
| 4 |
TC
Towle & Co
Denver,
Colorado
|
+$3.3M |
| 5 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
+$2.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$17.5M |
| 2 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$7.51M |
| 3 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$2.95M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.67M |
| 5 |
PCM
Piermont Capital Management
St. Louis,
Missouri
|
-$2.64M |
SAH Hedge Fund Activity: Q3 2016 in Review
141 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Sonic Automotive (SAH) for Q3 2016, worth a combined $550M — up 6.5% from $516M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of SAH and 12 opened new positions — a net loss of 6 holders — while 54 trimmed existing stakes and 45 added.
The largest buyer was Elliott Management, opening a new position worth an estimated $8.29M. The largest seller was Allianz Asset Management, exiting entirely with an estimated $17.5M sold.
- 141 institutional investors held Sonic Automotive (SAH) as of Q3 2016, down from 148 in Q2 2016.
- Funds reported $550M of Sonic Automotive stock for Q3 2016, up 6.5% quarter-over-quarter.
- 12 funds opened new Sonic Automotive positions in Q3 2016 and 18 closed out, a net change of -6 holders.
- The largest Sonic Automotive buyer in Q3 2016 was Elliott Management, an estimated $8.29M added.
- The largest Sonic Automotive seller in Q3 2016 was Allianz Asset Management, an estimated $17.5M sold.
Based on aggregated 13F filings for Q3 2016.