SmileDirectClub, Inc. Class A Common Stock
SDC
SDC was delisted on the 3rd of October, 2023.
159 hedge funds and large institutions have $673M invested in SmileDirectClub, Inc. Class A Common Stock in 2021 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 57 increasing their positions, 42 reducing their positions, and 38 closing their positions.
65% more call options, than puts
Call options by funds: $44.3M | Put options by funds: $26.9M
36% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 42
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
5% less funds holding
Funds holding: 168 → 159 (-9)
23% less capital invested
Capital invested by funds: $871M → $673M (-$199M)
24% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Prentice Capital Management
Greenwich,
Connecticut
|
+$33.6M |
| 2 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$21.2M |
| 3 |
IIC
Integrated Investment Consultants
Bloomfield Hills,
Michigan
|
+$17M |
| 4 |
GGHC
Gilder Gagnon Howe & Co
New York
|
+$12.7M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$12.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$87.3M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$40.5M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$17.8M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$14.7M |
| 5 |
BlackRock
New York
|
-$14.5M |
SDC Hedge Fund Activity: Q2 2021 in Review
159 of the 5,746 institutional investors tracked by Wall St. Rank reported a position in SmileDirectClub, Inc. Class A Common Stock (SDC) for Q2 2021, worth a combined $673M — down 23% from $871M a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of SDC and 29 opened new positions — a net loss of 9 holders — while 42 trimmed existing stakes and 57 added.
The largest buyer was Prentice Capital Management, opening a new position worth an estimated $33.6M. The largest seller was Victory Capital Management, exiting entirely with an estimated $87.3M sold.
- 159 institutional investors held SmileDirectClub, Inc. Class A Common Stock (SDC) as of Q2 2021, down from 168 in Q1 2021.
- Funds reported $673M of SmileDirectClub, Inc. Class A Common Stock stock for Q2 2021, down 23% quarter-over-quarter.
- 29 funds opened new SmileDirectClub, Inc. Class A Common Stock positions in Q2 2021 and 38 closed out, a net change of -9 holders.
- The largest SmileDirectClub, Inc. Class A Common Stock buyer in Q2 2021 was Prentice Capital Management, an estimated $33.6M added.
- The largest SmileDirectClub, Inc. Class A Common Stock seller in Q2 2021 was Victory Capital Management, an estimated $87.3M sold.
Based on aggregated 13F filings for Q2 2021.