SmileDirectClub, Inc. Class A Common Stock
SDC
SDC was delisted on the 3rd of October, 2023.
120 hedge funds and large institutions have $35.5M invested in SmileDirectClub, Inc. Class A Common Stock in 2022 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 28 increasing their positions, 45 reducing their positions, and 30 closing their positions.
9% less call options, than puts
Call options by funds: $5.16M | Put options by funds: $5.68M
15% less funds holding
Funds holding: 141 → 120 (-21)
38% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 45
63% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 30
67% less capital invested
Capital invested by funds: $107M → $35.5M (-$71.2M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$589K |
| 2 |
PCM
Prentice Capital Management
Greenwich,
Connecticut
|
+$371K |
| 3 |
State Street
Boston,
Massachusetts
|
+$296K |
| 4 |
Lazard Asset Management
New York
|
+$156K |
| 5 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$151K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
-$1.86M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.53M |
| 3 |
D.E. Shaw & Co
New York
|
-$1.4M |
| 4 |
Morgan Stanley
New York
|
-$1.37M |
| 5 |
Swiss National Bank
Zurich,
Switzerland
|
-$657K |
SDC Hedge Fund Activity: Q2 2022 in Review
120 of the 5,937 institutional investors tracked by Wall St. Rank reported a position in SmileDirectClub, Inc. Class A Common Stock (SDC) for Q2 2022, worth a combined $35.5M — down 67% from $107M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of SDC and 11 opened new positions — a net loss of 19 holders — while 45 trimmed existing stakes and 28 added.
The largest buyer was Millennium Management, adding an estimated $589K. The largest seller was SG Americas Securities, cutting an estimated $1.86M.
- 120 institutional investors held SmileDirectClub, Inc. Class A Common Stock (SDC) as of Q2 2022, down from 141 in Q1 2022.
- Funds reported $35.5M of SmileDirectClub, Inc. Class A Common Stock stock for Q2 2022, down 67% quarter-over-quarter.
- 11 funds opened new SmileDirectClub, Inc. Class A Common Stock positions in Q2 2022 and 30 closed out, a net change of -19 holders.
- The largest SmileDirectClub, Inc. Class A Common Stock buyer in Q2 2022 was Millennium Management, an estimated $589K added.
- The largest SmileDirectClub, Inc. Class A Common Stock seller in Q2 2022 was SG Americas Securities, an estimated $1.86M sold.
Based on aggregated 13F filings for Q2 2022.