SmileDirectClub, Inc. Class A Common Stock
SDC
SDC was delisted on the 3rd of October, 2023.
168 hedge funds and large institutions have $871M invested in SmileDirectClub, Inc. Class A Common Stock in 2021 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 66 increasing their positions, 43 reducing their positions, and 45 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
107% more call options, than puts
Call options by funds: $57.8M | Put options by funds: $28M
53% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 43
2% less capital invested
Capital invested by funds: $891M → $871M (-$19.5M)
7% less funds holding
Funds holding: 181 → 168 (-13)
27% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$39.6M |
| 2 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$38.2M |
| 3 |
RA
Royce & Associates
New York
|
+$24.4M |
| 4 |
6CM
683 Capital Management
New York
|
+$21.8M |
| 5 |
Morgan Stanley
New York
|
+$15.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
-$28M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$27.7M |
| 3 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$20M |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
-$10.8M |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$9.05M |
SDC Hedge Fund Activity: Q1 2021 in Review
168 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in SmileDirectClub, Inc. Class A Common Stock (SDC) for Q1 2021, worth a combined $871M — down 2.2% from $891M a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of SDC and 33 opened new positions — a net loss of 12 holders — while 43 trimmed existing stakes and 66 added.
The largest buyer was Victory Capital Management, adding an estimated $39.6M. The largest seller was D.E. Shaw & Co, cutting an estimated $28M.
- 168 institutional investors held SmileDirectClub, Inc. Class A Common Stock (SDC) as of Q1 2021, down from 181 in Q4 2020.
- Funds reported $871M of SmileDirectClub, Inc. Class A Common Stock stock for Q1 2021, down 2.2% quarter-over-quarter.
- 33 funds opened new SmileDirectClub, Inc. Class A Common Stock positions in Q1 2021 and 45 closed out, a net change of -12 holders.
- The largest SmileDirectClub, Inc. Class A Common Stock buyer in Q1 2021 was Victory Capital Management, an estimated $39.6M added.
- The largest SmileDirectClub, Inc. Class A Common Stock seller in Q1 2021 was D.E. Shaw & Co, an estimated $28M sold.
Based on aggregated 13F filings for Q1 2021.