SmileDirectClub, Inc. Class A Common Stock
SDC
SDC was delisted on the 3rd of October, 2023.
149 hedge funds and large institutions have $312M invested in SmileDirectClub, Inc. Class A Common Stock in 2021 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 49 increasing their positions, 41 reducing their positions, and 44 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 41
6% less funds holding
Funds holding: 159 → 149 (-10)
17.62% less ownership
Funds ownership: 66.76% → 49.14% (-18%)
18% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 44
18% less call options, than puts
Call options by funds: $50.8M | Put options by funds: $62.3M
54% less capital invested
Capital invested by funds: $673M → $312M (-$361M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$10.5M |
| 2 |
6CM
683 Capital Management
New York
|
+$9.49M |
| 3 |
State Street
Boston,
Massachusetts
|
+$5.99M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.52M |
| 5 |
Millennium Management
New York
|
+$3.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$32.3M |
| 2 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$27.1M |
| 3 |
CDR
Clayton Dubilier & Rice
New York
|
-$27.1M |
| 4 |
PCM
Prentice Capital Management
Greenwich,
Connecticut
|
-$13.2M |
| 5 |
Morgan Stanley
New York
|
-$12M |
SDC Hedge Fund Activity: Q3 2021 in Review
149 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in SmileDirectClub, Inc. Class A Common Stock (SDC) for Q3 2021, worth a combined $312M — down 54% from $673M a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of SDC and 36 opened new positions — a net loss of 8 holders — while 41 trimmed existing stakes and 49 added.
The largest buyer was Goldman Sachs, adding an estimated $10.5M. The largest seller was Royce & Associates, exiting entirely with an estimated $32.3M sold.
- 149 institutional investors held SmileDirectClub, Inc. Class A Common Stock (SDC) as of Q3 2021, down from 159 in Q2 2021.
- Funds reported $312M of SmileDirectClub, Inc. Class A Common Stock stock for Q3 2021, down 54% quarter-over-quarter.
- 36 funds opened new SmileDirectClub, Inc. Class A Common Stock positions in Q3 2021 and 44 closed out, a net change of -8 holders.
- The largest SmileDirectClub, Inc. Class A Common Stock buyer in Q3 2021 was Goldman Sachs, an estimated $10.5M added.
- The largest SmileDirectClub, Inc. Class A Common Stock seller in Q3 2021 was Royce & Associates, an estimated $32.3M sold.
Based on aggregated 13F filings for Q3 2021.