Surgery Partners
SGRY
63 hedge funds and large institutions have $228M invested in Surgery Partners in 2016 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 24 increasing their positions, 18 reducing their positions, and 16 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 18
2% more funds holding
Funds holding: 62 → 63 (+1)
6% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 16
32% less capital invested
Capital invested by funds: $333M → $228M (-$105M)
69% less call options, than puts
Call options by funds: $4K | Put options by funds: $13K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
TimesSquare Capital Management
New York
|
+$10.9M |
| 2 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$9.85M |
| 3 |
SCM
Stonerise Capital Management
San Francisco,
California
|
+$6.18M |
| 4 |
ClearBridge Investments
New York
|
+$3.17M |
| 5 |
PGH
Partners Group Holding
Baar-Zug,
Switzerland
|
+$3.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$8.55M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$5.63M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$4.4M |
| 4 |
Jennison Associates
New York
|
-$3.71M |
| 5 |
ECM
Element Capital Management
New York
|
-$2.32M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
AssetMark Inc
Concord,
California
| – | -$1K | -43 | Closed |
|
77
US Bancorp
Minneapolis,
Minnesota
| – | -$1K | -29 | Closed |
|
SGRY Hedge Fund Activity: Q1 2016 in Review
63 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Surgery Partners (SGRY) for Q1 2016, worth a combined $228M — down 32% from $333M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new SGRY positions and 16 closed out — a net gain of 1 holder — while 24 added to existing stakes and 18 trimmed.
The largest buyer was TimesSquare Capital Management, adding an estimated $10.9M. The largest seller was Adage Capital Partners, cutting an estimated $8.55M.
- 63 institutional investors held Surgery Partners (SGRY) as of Q1 2016, up from 62 in Q4 2015.
- Funds reported $228M of Surgery Partners stock for Q1 2016, down 32% quarter-over-quarter.
- 17 funds opened new Surgery Partners positions in Q1 2016 and 16 closed out, a net change of +1 holder.
- The largest Surgery Partners buyer in Q1 2016 was TimesSquare Capital Management, an estimated $10.9M added.
- The largest Surgery Partners seller in Q1 2016 was Adage Capital Partners, an estimated $8.55M sold.
Based on aggregated 13F filings for Q1 2016.