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Surgery Partners
SGRY

80 hedge funds and large institutions have $460M invested in Surgery Partners in 2018 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 36 increasing their positions, 18 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 18

1% more funds holding

Funds holding: 79 → 80 (+1)

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

0.35% more ownership

Funds ownership: 96.95% → 97.3% (+0.35%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

41% less capital invested

Capital invested by funds: $782M → $460M (-$322M)

Holders
80
Holders Change
+1
Holders Change %
+1.27%
% of All Funds
1.78%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
12
Increased
36
Reduced
18
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HCMT
Highland Capital Management (Texas)
Texas
+$8.54M
2
ClearBridge Investments
ClearBridge Investments
New York
+$3.75M
3
BlackRock
BlackRock
New York
+$2.81M
4
ECP
Elk Creek Partners
Colorado
+$2.66M
5
Millennium Management
Millennium Management
New York
+$2.19M

Top Sellers

Rank Fund Capital Flow
1
RG
Redmile Group
California
-$10.5M
2
NIPH
NN Investment Partners Holdings
Netherlands
-$9.57M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
-$5.01M
4
Ameriprise
Ameriprise
Minnesota
-$3.27M
5
Renaissance Technologies
Renaissance Technologies
New York
-$2.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
SIM
26
Spark Investment Management
New York
$915K +$1.25M +93,500 New
Bank of New York Mellon
27
Bank of New York Mellon
New York
$839K -$6.32K -471 -0.5%
TCIM
28
TIAA CREF Investment Management
New York
$794K -$9.65K -719 -0.9%
Morgan Stanley
29
Morgan Stanley
New York
$722K +$112K +8,320 +13%
TA
30
Teachers Advisors
New York
$690K -$16.9K -1,259 -2%
Squarepoint
31
Squarepoint
New York
$689K +$679K +50,620 +256%
Goldman Sachs
32
Goldman Sachs
New York
$572K +$612K +45,599 +353%
Deutsche Bank
33
Deutsche Bank
Germany
$550K +$166K +12,404 +28%
SO
34
STRS Ohio
Ohio
$467K +$52.3K +3,900 +9%
Invesco
35
Invesco
Georgia
$416K +$112K +8,339 +24%
Marshall Wace
36
Marshall Wace
United Kingdom
$381K +$522K +38,871 New
AllianceBernstein
37
AllianceBernstein
Tennessee
$371K – – –
California Public Employees Retirement System
38
California Public Employees Retirement System
California
$361K +$50.2K +3,739 +11%
CIM
39
CIM Investment Management
Pennsylvania
$357K – – –
Renaissance Technologies
40
Renaissance Technologies
New York
$300K -$2.71M -201,800 -87%
Wells Fargo
41
Wells Fargo
California
$294K -$510 -38 -0.1%
GAM
42
Gotham Asset Management
New York
$288K +$179K +13,323 +83%
California State Teachers Retirement System (CalSTRS)
43
California State Teachers Retirement System (CalSTRS)
California
$279K – – –
RhumbLine Advisers
44
RhumbLine Advisers
Massachusetts
$261K +$106K +7,900 +42%
Swiss National Bank
45
Swiss National Bank
Switzerland
$250K – – –
Barclays
46
Barclays
United Kingdom
$226K +$142K +10,615 +85%
Principal Financial Group
47
Principal Financial Group
Iowa
$189K +$22.4K +1,672 +9%
New York State Common Retirement Fund
48
New York State Common Retirement Fund
New York
$184K – – –
PPA
49
Parametric Portfolio Associates
Washington
$163K +$223K +16,615 New
QSS
50
Quantitative Systematic Strategies
Florida
$138K -$9.07K -676 -5%
1
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SGRY Hedge Fund Activity: Q4 2018 in Review

80 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Surgery Partners (SGRY) for Q4 2018, worth a combined $460M — down 41% from $782M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new SGRY positions and 11 closed out — a net gain of 1 holder — while 36 added to existing stakes and 18 trimmed.

The largest buyer was Highland Capital Management (Texas), adding an estimated $8.54M. The largest seller was Redmile Group, exiting entirely with an estimated $10.5M sold.

  • 80 institutional investors held Surgery Partners (SGRY) as of Q4 2018, up from 79 in Q3 2018.
  • Funds reported $460M of Surgery Partners stock for Q4 2018, down 41% quarter-over-quarter.
  • 12 funds opened new Surgery Partners positions in Q4 2018 and 11 closed out, a net change of +1 holder.
  • The largest Surgery Partners buyer in Q4 2018 was Highland Capital Management (Texas), an estimated $8.54M added.
  • The largest Surgery Partners seller in Q4 2018 was Redmile Group, an estimated $10.5M sold.

Based on aggregated 13F filings for Q4 2018.