Surgery Partners
SGRY
87 hedge funds and large institutions have $306M 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.
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)
4.24% more ownership
Funds ownership: 91.11% → 95.35% (+4.2%)
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 → $306M (-$409M)
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
New York
|
+$8.9M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$5.71M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$4.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMU
Pictet Asset Management (UK)
London,
United Kingdom
|
-$9.07M |
| 2 |
Millennium Management
New York
|
-$7.14M |
| 3 |
RA
Royce & Associates
New York
|
-$4.46M |
| 4 |
NAM
Nexpoint Asset Management
Dallas,
Texas
|
-$4.37M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$2.89M |
SGRY Hedge Fund Activity: Q1 2020 in Review
87 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Surgery Partners (SGRY) for Q1 2020, worth a combined $306M — 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 $306M 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.