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Surgery Partners
SGRY

87 hedge funds and large institutions have $307M invested in Surgery Partners in 2020 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 31 increasing their positions, 19 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,500% more call options, than puts

Call options by funds: $16K | Put options by funds: $1K

63% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 19

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

4.38% more ownership

Funds ownership: 91.11% → 95.5% (+4.4%)

11% less funds holding

Funds holding: 98 → 87 (-11)

36% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 28

57% less capital invested

Capital invested by funds: $716M → $307M (-$409M)

Holders
87
Holders Change
-11
Holders Change %
-11.22%
% of All Funds
1.92%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
18
Increased
31
Reduced
19
Closed
28
Calls
$16K
Puts
$1K
Net Calls
+$15K
Net Calls Change
-$171K

Top Buyers

Rank Fund Capital Flow
1
CP
Centerbridge Partners
New York
+$14.8M
2
KSCM
King Street Capital Management
New York
+$12.9M
3
JP Morgan Chase
JP Morgan Chase
New York
+$8.9M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$5.71M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$4.82M

Top Sellers

Rank Fund Capital Flow
1
PAMU
Pictet Asset Management (UK)
United Kingdom
-$9.07M
2
Millennium Management
Millennium Management
New York
-$7.14M
3
RA
Royce & Associates
New York
-$4.46M
4
NAM
Nexpoint Asset Management
Texas
-$4.37M
5
Marshall Wace
Marshall Wace
United Kingdom
-$2.89M
Name Holding Trade Value Shares
Change 		Change in
Stake
Victory Capital Management
26
Victory Capital Management
Texas
$930K +$2.03M +142,546 New
Ameriprise
27
Ameriprise
Minnesota
$914K +$2M +140,116 New
Charles Schwab
28
Charles Schwab
California
$858K +$67.4K +4,730 +4%
WAM
29
Wolverine Asset Management
Illinois
$766K +$687K +48,185 +70%
BNP Paribas Financial Markets
30
BNP Paribas Financial Markets
France
$703K +$26.5K +1,859 +2%
Bank of New York Mellon
31
Bank of New York Mellon
New York
$635K +$5.22K +366 +0.4%
EVM
32
Eaton Vance Management
Massachusetts
$522K -$570K -40,000 -33%
VCM
33
Voce Capital Management
California
$508K +$1.11M +77,771 New
SO
34
STRS Ohio
Ohio
$460K +$392K +27,500 +64%
Two Sigma Investments
35
Two Sigma Investments
New York
$449K +$980K +68,722 New
SIM
36
Spark Investment Management
New York
$398K – – –
AllianceBernstein
37
AllianceBernstein
Tennessee
$381K – – –
Invesco
38
Invesco
Georgia
$370K -$1.23M -86,505 -60%
California Public Employees Retirement System
39
California Public Employees Retirement System
California
$354K +$79.1K +5,547 +11%
CSS
40
Cubist Systematic Strategies
Connecticut
$296K +$647K +45,381 New
RhumbLine Advisers
41
RhumbLine Advisers
Massachusetts
$254K +$57.4K +4,025 +12%
Swiss National Bank
42
Swiss National Bank
Switzerland
$247K – – –
California State Teachers Retirement System (CalSTRS)
43
California State Teachers Retirement System (CalSTRS)
California
$243K +$6.1K +428 +1%
WLPWM
44
Walled Lake Planning & Wealth Management
Illinois
$213K – – –
Los Angeles Capital Management
45
Los Angeles Capital Management
California
$212K +$190K +13,310 +70%
Truist Financial
46
Truist Financial
North Carolina
$196K – – –
PPA
47
Parametric Portfolio Associates
Washington
$191K -$207K -14,545 -33%
AIM
48
Aigen Investment Management
New York
$175K +$381K +26,726 New
NAM
49
Nexpoint Asset Management
Texas
$168K -$4.37M -306,444 -92%
Deutsche Bank
50
Deutsche Bank
Germany
$139K +$189K +13,273 +165%
1
2
3 4 5

SGRY Hedge Fund Activity: Q1 2020 in Review

87 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Surgery Partners (SGRY) for Q1 2020, worth a combined $307M — down 57% from $716M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of SGRY and 18 opened new positions — a net loss of 10 holders — while 19 trimmed existing stakes and 31 added.

The largest buyer was Centerbridge Partners, opening a new position worth an estimated $14.8M. The largest seller was Pictet Asset Management (UK), cutting an estimated $9.07M.

  • 87 institutional investors held Surgery Partners (SGRY) as of Q1 2020, down from 98 in Q4 2019.
  • Funds reported $307M of Surgery Partners stock for Q1 2020, down 57% quarter-over-quarter.
  • 18 funds opened new Surgery Partners positions in Q1 2020 and 28 closed out, a net change of -10 holders.
  • The largest Surgery Partners buyer in Q1 2020 was Centerbridge Partners, an estimated $14.8M added.
  • The largest Surgery Partners seller in Q1 2020 was Pictet Asset Management (UK), an estimated $9.07M sold.

Based on aggregated 13F filings for Q1 2020.