Sweetgreen
128 hedge funds and large institutions have $634M invested in Sweetgreen in 2023 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 40 increasing their positions, 30 reducing their positions, and 37 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 30
9% more call options, than puts
Call options by funds: $11.4M | Put options by funds: $10.4M
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
5.31% less ownership
Funds ownership: 87.87% → 82.56% (-5.3%)
13% less funds holding
Funds holding: 147 → 128 (-19)
13% less capital invested
Capital invested by funds: $731M → $634M (-$97M)
49% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Solas Capital Management
Darien,
Connecticut
|
+$13.9M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$13.5M |
| 3 |
First Manhattan
New York
|
+$8.98M |
| 4 |
Neuberger Berman Group
New York
|
+$8.18M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$7.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$65.3M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$23.7M |
| 3 |
UBS AM
Chicago,
Illinois
|
-$8.29M |
| 4 |
Jennison Associates
New York
|
-$5.96M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
-$5.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFM
151
Boothbay Fund Management
New York
| – | -$131K | -15,257 | Closed |
|
152
Walleye Trading
New York
| – | -$126K | -14,355 | Closed |
|
|
AGM
153
Alpine Global Management
New York
| – | -$115K | -13,363 | Closed |
|
154
LPL Financial
San Diego,
California
| – | -$98.7K | -11,518 | Closed |
|
155
Truist Financial
Charlotte,
North Carolina
| – | -$91.7K | -10,705 | Closed |
|
156
Principal Financial Group
Des Moines,
Iowa
| – | -$90.9K | -10,609 | Closed |
|
|
BAM
157
Bullseye Asset Management
Denver,
Colorado
| – | -$89K | -10,389 | Closed |
|
|
SG
158
StepStone Group
La Jolla,
California
| – | -$54.7K | -6,379 | Closed |
|
|
SSG
159
Summit Securities Group
New York
| – | -$33K | -3,837 | Closed |
|
|
QL
160
Quarry LP
New York
| – | -$24.6K | -2,872 | Closed |
|
|
WTA
161
Washington Trust Advisors
Wellesley,
Massachusetts
| – | -$1.11K | -129 | Closed |
|
|
BAM
162
Belpointe Asset Management
Reno,
Nevada
| – | -$866 | -101 | Closed |
|
|
ASN
163
Advisory Services Network
Atlanta,
Georgia
| – | -$572 | -65 | Closed |
|
|
S
164
SignatureFD
Atlanta,
Georgia
| – | -$129 | -15 | Closed |
|
SG Hedge Fund Activity: Q1 2023 in Review
128 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Sweetgreen (SG) for Q1 2023, worth a combined $634M — down 13% from $731M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of SG and 19 opened new positions — a net loss of 18 holders — while 30 trimmed existing stakes and 40 added.
The largest buyer was Solas Capital Management, opening a new position worth an estimated $13.9M. The largest seller was T. Rowe Price Associates, cutting an estimated $65.3M.
- 128 institutional investors held Sweetgreen (SG) as of Q1 2023, down from 147 in Q4 2022.
- Funds reported $634M of Sweetgreen stock for Q1 2023, down 13% quarter-over-quarter.
- 19 funds opened new Sweetgreen positions in Q1 2023 and 37 closed out, a net change of -18 holders.
- The largest Sweetgreen buyer in Q1 2023 was Solas Capital Management, an estimated $13.9M added.
- The largest Sweetgreen seller in Q1 2023 was T. Rowe Price Associates, an estimated $65.3M sold.
Based on aggregated 13F filings for Q1 2023.