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Surgery Partners
SGRY

86 hedge funds and large institutions have $370M invested in Surgery Partners in 2017 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 21 increasing their positions, 36 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more capital invested

Capital invested by funds: $287M → $370M (+$82.7M)

1.66% more ownership

Funds ownership: 37.35% → 39.01% (+1.7%)

5% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 22

7% less funds holding

Funds holding: 92 → 86 (-6)

42% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 36

91% less call options, than puts

Call options by funds: $25K | Put options by funds: $289K

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
86
Holders Change
-6
Holders Change %
-6.52%
% of All Funds
2.14%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
23
Increased
21
Reduced
36
Closed
22
Calls
$25K
Puts
$289K
Net Calls
-$264K
Net Calls Change
-$484K

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$37.5M
2
BlackRock
BlackRock
New York
+$22.4M
3
NIPH
NN Investment Partners Holdings
Netherlands
+$19.3M
4
AAM
AMI Asset Management
California
+$8.41M
5
RG
Redmile Group
California
+$5.9M

Top Sellers

1
Jennison Associates
Jennison Associates
New York
-$14.6M
2
CAM
Cortina Asset Management
Wisconsin
-$13.7M
3
VNIM
Vaughan Nelson Investment Management
Texas
-$13.6M
4
TCM
TimesSquare Capital Management
New York
-$3.75M
5
Millennium Management
Millennium Management
New York
-$3.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
RA
26
Royce & Associates
New York
$2.87M +$704K +36,226 +33%
Bank of New York Mellon
27
Bank of New York Mellon
New York
$2.22M +$488K +25,120 +28%
N
28
Nuveen
North Carolina
$1.85M -$182K -9,364 -9%
Macquarie Group
29
Macquarie Group
Australia
$1.84M -$52K -2,677 -3%
CIP
30
Chartwell Investment Partners
Pennsylvania
$1.42M +$1.42M +72,875 New
Charles Schwab
31
Charles Schwab
California
$1.29M +$79.8K +4,104 +7%
GC
32
Guggenheim Capital
Illinois
$1.26M -$327K -16,830 -21%
CCM
33
Century Capital Management
Massachusetts
$1.1M -$975K -50,189 -47%
TCIM
34
TIAA CREF Investment Management
New York
$999K -$38.6K -1,988 -4%
AR
35
Advisory Research
Illinois
$940K +$937K +48,191 New
Norges Bank
36
Norges Bank
Norway
$909K +$906K +46,620 New
HHC
37
Hutchin Hill Capital
New York
$848K +$845K +43,500 New
Millennium Management
38
Millennium Management
New York
$828K -$3.72M -191,607 -82%
HCMT
39
Highland Capital Management (Texas)
Texas
$780K -$99.2K -5,105 -11%
California State Teachers Retirement System (CalSTRS)
40
California State Teachers Retirement System (CalSTRS)
California
$714K -$33K -1,700 -4%
TA
41
Teachers Advisors
New York
$697K +$30K +1,544 +5%
Swiss National Bank
42
Swiss National Bank
Switzerland
$663K – – –
First Trust Advisors
43
First Trust Advisors
Illinois
$600K +$598K +30,768 New
PPA
44
Parametric Portfolio Associates
Washington
$549K +$13.4K +689 +3%
AllianceBernstein
45
AllianceBernstein
Tennessee
$548K – – –
AP
46
AHL Partners
United Kingdom
$542K +$541K +27,816 New
Morgan Stanley
47
Morgan Stanley
New York
$498K -$576K -29,645 -54%
Hudson Bay Capital Management
48
Hudson Bay Capital Management
Connecticut
$488K +$486K +25,000 New
LIA
49
LBMC Investment Advisors
Tennessee
$438K – – –
New York State Common Retirement Fund
50
New York State Common Retirement Fund
New York
$367K +$19 +1 +0%
1
2
3 4 5

SGRY Hedge Fund Activity: Q1 2017 in Review

86 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Surgery Partners (SGRY) for Q1 2017, worth a combined $370M — up 29% from $287M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new SGRY positions and 22 closed out — a net gain of 1 holder — while 21 added to existing stakes and 36 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $37.5M. The largest seller was Jennison Associates, cutting an estimated $14.6M.

  • 86 institutional investors held Surgery Partners (SGRY) as of Q1 2017, down from 92 in Q4 2016.
  • Funds reported $370M of Surgery Partners stock for Q1 2017, up 29% quarter-over-quarter.
  • 23 funds opened new Surgery Partners positions in Q1 2017 and 22 closed out, a net change of +1 holder.
  • The largest Surgery Partners buyer in Q1 2017 was Fidelity Investments, an estimated $37.5M added.
  • The largest Surgery Partners seller in Q1 2017 was Jennison Associates, an estimated $14.6M sold.

Based on aggregated 13F filings for Q1 2017.