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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$37.5M |
| 2 |
BlackRock
New York
|
+$22.4M |
| 3 |
NIPH
NN Investment Partners Holdings
The Hague,
Netherlands
|
+$19.3M |
| 4 |
AAM
AMI Asset Management
Los Angeles,
California
|
+$8.41M |
| 5 |
RG
Redmile Group
San Francisco,
California
|
+$5.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$14.6M |
| 2 |
CAM
Cortina Asset Management
Milwaukee,
Wisconsin
|
-$13.7M |
| 3 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$13.6M |
| 4 |
TCM
TimesSquare Capital Management
New York
|
-$3.75M |
| 5 |
Millennium Management
New York
|
-$3.72M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GI
101
Gradient Investments
Arden Hills,
Minnesota
| – | -$287K | -18,132 | Closed |
|
|
TC
102
TFS Capital
West Chester,
Pennsylvania
| – | -$215K | -13,596 | Closed |
|
103
Goldman Sachs
New York
| – | -$198K | -12,504 | Closed |
|
|
SCA
104
Secor Capital Advisors
New York
| – | -$162K | -10,249 | Closed |
|
105
US Bancorp
Minneapolis,
Minnesota
| – | -$25K | -1,567 | Closed |
|
|
TRCT
106
Tower Research Capital (TRC)
New York
| – | -$17K | -1,063 | Closed |
|
107
Creative Planning
Overland Park,
Kansas
| – | -$3K | -200 | Closed |
|
|
FNBT
108
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$2K | -100 | Closed |
|
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.