SmileDirectClub, Inc. Class A Common Stock
SDC
SDC was delisted on the 3rd of October, 2023.
119 hedge funds and large institutions have $36M 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, 44 reducing their positions, and 31 closing their positions.
5.57% less ownership
Funds ownership: 34.22% → 28.64% (-5.6%)
13% less call options, than puts
Call options by funds: $5.16M | Put options by funds: $5.92M
16% less funds holding
Funds holding: 141 → 119 (-22)
36% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 44
65% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 31
66% less capital invested
Capital invested by funds: $107M → $36M (-$70.7M)
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
119 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in SmileDirectClub, Inc. Class A Common Stock (SDC) for Q2 2022, worth a combined $36M — down 66% from $107M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of SDC and 11 opened new positions — a net loss of 20 holders — while 44 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.
- 119 institutional investors held SmileDirectClub, Inc. Class A Common Stock (SDC) as of Q2 2022, down from 141 in Q1 2022.
- Funds reported $36M of SmileDirectClub, Inc. Class A Common Stock stock for Q2 2022, down 66% quarter-over-quarter.
- 11 funds opened new SmileDirectClub, Inc. Class A Common Stock positions in Q2 2022 and 31 closed out, a net change of -20 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.