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Surgery Partners
SGRY

90 hedge funds and large institutions have $479M invested in Surgery Partners in 2017 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 36 increasing their positions, 16 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 16

56.68% more ownership

Funds ownership: 38.21% → 94.89% (+57%)

13% more capital invested

Capital invested by funds: $424M → $479M (+$54.9M)

2% more funds holding

Funds holding: 88 → 90 (+2)

10% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 21

20% less call options, than puts

Call options by funds: $143K | Put options by funds: $178K

Holders
90
Holders Change
+2
Holders Change %
+2.27%
% of All Funds
2.24%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
23
Increased
36
Reduced
16
Closed
21
Calls
$143K
Puts
$178K
Net Calls
-$35K
Net Calls Change
+$247K

Top Buyers

Rank Fund Capital Flow
1
BCI
Bain Capital Investors
Massachusetts
+$378M
2
NIPH
NN Investment Partners Holdings
Netherlands
+$44.2M
3
ClearBridge Investments
ClearBridge Investments
New York
+$12.4M
4
AAM
AMI Asset Management
California
+$7.54M
5
RA
Royce & Associates
New York
+$6M

Top Sellers

Rank Fund Capital Flow
1
Neuberger Berman Group
Neuberger Berman Group
New York
-$34.5M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$28.2M
3
PCM
Peregrine Capital Management
Minnesota
-$20.6M
4
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$11.4M
5
EAM
Eagle Asset Management
Florida
-$11M
Name Holding Trade Value Shares
Change 		Change in
Stake
First Trust Advisors
26
First Trust Advisors
Illinois
$1.1M -$163K -11,425 -10%
HHC
27
Hutchin Hill Capital
New York
$1.08M +$1.49M +104,317 New
Bank of New York Mellon
28
Bank of New York Mellon
New York
$1.07M +$2.92K +204 +0.2%
Bank of America
29
Bank of America
North Carolina
$1.04M +$218K +15,236 +18%
RJA
30
Raymond James & Associates
Florida
$860K -$877K -61,310 -42%
PIA
31
Phoenix Investment Adviser
New York
$744K +$1.03M +71,890 New
JG
32
Jefferies Group
New York
$578K +$798K +55,800 New
CIM
33
CIM Investment Management
Pennsylvania
$569K +$450K +31,500 +134%
TCIM
34
TIAA CREF Investment Management
New York
$522K – – –
BCM
35
Bridgeway Capital Management
Texas
$518K – – –
BGC
36
Birch Grove Capital
New York
$502K +$694K +48,505 New
ARTA
37
A.R.T. Advisors
New York
$474K +$656K +45,889 New
MWNA
38
Marshall Wace North America
New York
$458K +$29.3K +2,047 +5%
Deutsche Bank
39
Deutsche Bank
Germany
$458K +$331K +23,157 +109%
Citigroup
40
Citigroup
New York
$430K +$535K +37,418 +898%
Hudson Bay Capital Management
41
Hudson Bay Capital Management
Connecticut
$414K -$143K -10,000 -20%
TA
42
Teachers Advisors
New York
$367K +$5.03K +352 +1%
Swiss National Bank
43
Swiss National Bank
Switzerland
$352K – – –
Invesco
44
Invesco
Georgia
$331K +$30.2K +2,109 +7%
Squarepoint
45
Squarepoint
New York
$326K +$450K +31,464 New
BG
46
Bellevue Group
Switzerland
$321K – – –
California State Teachers Retirement System (CalSTRS)
47
California State Teachers Retirement System (CalSTRS)
California
$305K -$56.8K -3,971 -12%
AP
48
AHL Partners
United Kingdom
$296K +$236K +16,532 +137%
AllianceBernstein
49
AllianceBernstein
Tennessee
$294K – – –
Morgan Stanley
50
Morgan Stanley
New York
$270K +$104K +7,274 +39%
1
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SGRY Hedge Fund Activity: Q3 2017 in Review

90 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Surgery Partners (SGRY) for Q3 2017, worth a combined $479M — up 13% from $424M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new SGRY positions and 21 closed out — a net gain of 2 holders — while 36 added to existing stakes and 16 trimmed.

The largest buyer was Bain Capital Investors, opening a new position worth an estimated $378M. The largest seller was Neuberger Berman Group, exiting entirely with an estimated $34.5M sold.

  • 90 institutional investors held Surgery Partners (SGRY) as of Q3 2017, up from 88 in Q2 2017.
  • Funds reported $479M of Surgery Partners stock for Q3 2017, up 13% quarter-over-quarter.
  • 23 funds opened new Surgery Partners positions in Q3 2017 and 21 closed out, a net change of +2 holders.
  • The largest Surgery Partners buyer in Q3 2017 was Bain Capital Investors, an estimated $378M added.
  • The largest Surgery Partners seller in Q3 2017 was Neuberger Berman Group, an estimated $34.5M sold.

Based on aggregated 13F filings for Q3 2017.