SmileDirectClub, Inc. Class A Common Stock
SDC
SDC was delisted on the 3rd of October, 2023.
155 hedge funds and large institutions have $835M invested in SmileDirectClub, Inc. Class A Common Stock in 2020 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 42 increasing their positions, 41 reducing their positions, and 30 closing their positions.
53% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 30
53% more capital invested
Capital invested by funds: $545M → $835M (+$290M)
39% more call options, than puts
Call options by funds: $61.6M | Put options by funds: $44.3M
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
11% more funds holding
Funds holding: 140 → 155 (+15)
2% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 41
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$18M |
| 2 |
D.E. Shaw & Co
New York
|
+$14.7M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$9.94M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$7.96M |
| 5 |
Goldman Sachs
New York
|
+$6.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IIC
Integrated Investment Consultants
Bloomfield Hills,
Michigan
|
-$16.7M |
| 2 |
BlackRock
New York
|
-$9.3M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$6.42M |
| 4 |
HM
HealthCor Management
New York
|
-$5.53M |
| 5 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$3.95M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HCM
176
Harvey Capital Management
Palm Beach,
Florida
| – | -$79K | -10,000 | Closed |
|
|
MA
177
Modus Advisors
Excelsior,
Minnesota
| – | -$36K | -4,499 | Closed |
|
|
NIT
178
NumerixS Investment Technologies
Vancouver,
British Columbia, Canada
| – | -$32K | -4,105 | Closed |
|
179
First Manhattan
New York
| – | -$31K | -3,997 | Closed |
|
|
WTC
180
WhitTier Trust Company
Reno,
Nevada
| – | -$16K | -2,000 | Closed |
|
181
Walleye Trading
New York
| – | -$12K | -1,577 | Closed |
|
|
OC
182
Oakworth Capital
Birmingham,
Alabama
| – | -$12K | -1,500 | Closed |
|
|
CAN
183
Cetera Advisor Networks
El Segundo,
California
| – | -$7K | -925 | Closed |
|
|
S
184
SignatureFD
Atlanta,
Georgia
| – | -$1K | -100 | Closed |
|
|
CM
185
Caption Management
Oklahoma City,
Oklahoma
| – | -$1K | -64 | Closed |
|
|
PWMG
186
Prestige Wealth Management Group
Flemington,
New Jersey
| – | +$386 | +42 | New |
|
SDC Hedge Fund Activity: Q3 2020 in Review
155 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in SmileDirectClub, Inc. Class A Common Stock (SDC) for Q3 2020, worth a combined $835M — up 53% from $545M a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new SDC positions and 30 closed out — a net gain of 16 holders — while 42 added to existing stakes and 41 trimmed.
The largest buyer was Millennium Management, adding an estimated $18M. The largest seller was Integrated Investment Consultants, cutting an estimated $16.7M.
- 155 institutional investors held SmileDirectClub, Inc. Class A Common Stock (SDC) as of Q3 2020, up from 140 in Q2 2020.
- Funds reported $835M of SmileDirectClub, Inc. Class A Common Stock stock for Q3 2020, up 53% quarter-over-quarter.
- 46 funds opened new SmileDirectClub, Inc. Class A Common Stock positions in Q3 2020 and 30 closed out, a net change of +16 holders.
- The largest SmileDirectClub, Inc. Class A Common Stock buyer in Q3 2020 was Millennium Management, an estimated $18M added.
- The largest SmileDirectClub, Inc. Class A Common Stock seller in Q3 2020 was Integrated Investment Consultants, an estimated $16.7M sold.
Based on aggregated 13F filings for Q3 2020.