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Sonic Automotive
SAH

140 hedge funds and large institutions have $546M invested in Sonic Automotive in 2016 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 45 increasing their positions, 55 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

6% more capital invested

Capital invested by funds: $517M → $546M (+$29M)

1.76% less ownership

Funds ownership: 89.22% → 87.47% (-1.8%)

5% less funds holding

Funds holding: 147 → 140 (-7)

18% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 55

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

Holders
140
Holders Change
-7
Holders Change %
-4.76%
% of All Funds
3.74%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
12
Increased
45
Reduced
55
Closed
18
Calls
$1K
Puts
$457K
Net Calls
-$456K
Net Calls Change
-$448K

Top Buyers

1
EM
Elliott Management
New York
+$8.29M
2
Citadel Advisors
Citadel Advisors
Florida
+$7.3M
3
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$4.98M
4
TC
Towle & Co
Colorado
+$3.3M
5
FG
Formula Growth
Quebec, Canada
+$2.38M

Top Sellers

1
Allianz Asset Management
Allianz Asset Management
Germany
-$17.5M
2
HA
Heartland Advisors
Wisconsin
-$7.51M
3
BGIM
Brandywine Global Investment Management
Pennsylvania
-$2.95M
4
GC
Guggenheim Capital
Illinois
-$2.67M
5
PCM
Piermont Capital Management
Missouri
-$2.64M
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$55.1M -$144K -8,162 -0.3%
Hotchkis & Wiley Capital Management
2
Hotchkis & Wiley Capital Management
California
$49M +$4.98M +281,660 +12%
Vanguard Group
3
Vanguard Group
Pennsylvania
$41.4M +$633K +35,781 +2%
BFA
4
BlackRock Fund Advisors
California
$36.2M +$1.24M +70,315 +4%
VFA
5
Virtus Fund Advisers
Connecticut
$31.9M +$1.22M +69,200 +4%
LSV Asset Management
6
LSV Asset Management
Illinois
$28M +$1.85M +104,766 +8%
Fidelity Investments
7
Fidelity Investments
Massachusetts
$23M +$1.09M +61,700 +5%
Northern Trust
8
Northern Trust
Illinois
$21.6M +$787K +44,493 +4%
LCP
9
Lombardia Capital Partners
California
$21.4M -$1.61M -91,213 -7%
BIT
10
BlackRock Institutional Trust
California
$21M -$679K -38,398 -3%
TC
11
Towle & Co
Colorado
$16.3M +$3.3M +186,620 +27%
State Street
12
State Street
Massachusetts
$14.7M -$64.3K -3,636 -0.5%
HA
13
Heartland Advisors
Wisconsin
$9.1M -$7.51M -424,740 -47%
EM
14
Elliott Management
New York
$8.81M +$8.29M +468,905 New
Bank of New York Mellon
15
Bank of New York Mellon
New York
$8.45M -$14.2K -804 -0.2%
FG
16
Formula Growth
Quebec, Canada
$8.08M +$2.38M +134,550 +46%
Citadel Advisors
17
Citadel Advisors
Florida
$7.76M +$7.3M +412,844 New
Bank of America
18
Bank of America
North Carolina
$6.11M -$872K -49,328 -13%
PGIM
19
Pacific Global Investment Management
California
$5.85M +$36.3K +2,051 +0.7%
Charles Schwab
20
Charles Schwab
California
$5.07M +$304K +17,197 +7%
O
21
OppenheimerFunds
New York
$5M +$30.9K +1,750 +0.7%
Prudential Financial
22
Prudential Financial
New Jersey
$4.9M -$1.02M -57,827 -18%
HCM
23
Hawkeye Capital Management
Florida
$4.87M – – –
MPEM
24
Marathon Partners Equity Management
New York
$4.51M -$884K -50,000 -17%
Barrow, Hanley, Mewhinney & Strauss
25
Barrow, Hanley, Mewhinney & Strauss
Texas
$4.16M +$581K +32,877 +17%
1
2 3 4 5

SAH Hedge Fund Activity: Q3 2016 in Review

140 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Sonic Automotive (SAH) for Q3 2016, worth a combined $546M — up 5.6% from $517M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of SAH and 12 opened new positions — a net loss of 6 holders — while 55 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.

  • 140 institutional investors held Sonic Automotive (SAH) as of Q3 2016, down from 147 in Q2 2016.
  • Funds reported $546M of Sonic Automotive stock for Q3 2016, up 5.6% 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.