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Surgery Partners
SGRY

119 hedge funds and large institutions have $2.55B invested in Surgery Partners in 2021 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 45 increasing their positions, 37 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

84% more capital invested

Capital invested by funds: $1.39B → $2.55B (+$1.16B)

22% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 37

19% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 21

3% more funds holding

Funds holding: 115 → 119 (+4)

1.25% more ownership

Funds ownership: 95.02% → 96.26% (+1.2%)

9% more call options, than puts

Call options by funds: $29.8M | Put options by funds: $27.5M

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
119
Holders Change
+4
Holders Change %
+3.48%
% of All Funds
2.09%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
25
Increased
45
Reduced
37
Closed
21
Calls
$29.8M
Puts
$27.5M
Net Calls
+$2.34M
Net Calls Change
-$4.9M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$231M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$101M
3
Victory Capital Management
Victory Capital Management
Texas
+$28.1M
4
Invesco
Invesco
Georgia
+$27.4M
5
Federated Hermes
Federated Hermes
Pennsylvania
+$25.4M

Top Sellers

1
KSCM
King Street Capital Management
New York
-$29M
2
Millennium Management
Millennium Management
New York
-$20.2M
3
HPCM
Hein Park Capital Management
New York
-$19.4M
4
APM
Avidity Partners Management
Texas
-$15.4M
5
EGI
EAM Global Investors
California
-$10.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCI
1
Bain Capital Investors
Massachusetts
$1.17B – – –
Fidelity Investments
2
Fidelity Investments
Massachusetts
$303M +$231M +6,228,416 +1,009%
ClearBridge Investments
3
ClearBridge Investments
New York
$161M -$1.73M -46,564 -1%
T. Rowe Price Associates
4
T. Rowe Price Associates
Maryland
$121M +$101M +2,716,573 +36,592%
Vanguard Group
5
Vanguard Group
Pennsylvania
$99.1M +$18.3M +491,660 +28%
BlackRock
6
BlackRock
New York
$86.7M +$14.4M +386,547 +25%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$58.8M +$2.29M +61,789 +5%
Invesco
8
Invesco
Georgia
$54.9M +$27.4M +738,247 +147%
Victory Capital Management
9
Victory Capital Management
Texas
$36.6M +$28.1M +756,332 +1,058%
Federated Hermes
10
Federated Hermes
Pennsylvania
$36.5M +$25.4M +684,667 +488%
PCH
11
Polar Capital Holdings
United Kingdom
$32.7M -$2.24M -60,228 -8%
ITP
12
Iron Triangle Partners
Connecticut
$32.1M -$7.22M -194,338 -21%
RA
13
Royce & Associates
New York
$29.7M -$4.85M -130,600 -16%
State Street
14
State Street
Massachusetts
$24.1M +$1.01M +27,189 +5%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$21.2M +$4.61M +124,185 +35%
Morgan Stanley
16
Morgan Stanley
New York
$20.1M +$15.9M +429,047 +1,663%
AAP
17
Ardsley Advisory Partners
Connecticut
$17.8M -$557K -15,000 -4%
CM
18
Castleark Management
Illinois
$14.7M +$2.29M +61,638 +23%
Northern Trust
19
Northern Trust
Illinois
$14.5M +$384K +10,339 +3%
Millennium Management
20
Millennium Management
New York
$14.5M -$20.2M -543,798 -62%
BCM
21
Bridgeway Capital Management
Texas
$12.3M -$149K -4,000 -1%
JP Morgan Chase
22
JP Morgan Chase
New York
$12.3M -$576K -15,502 -5%
Bank of America
23
Bank of America
North Carolina
$12M +$834K +22,452 +9%
WCM Investment Management
24
WCM Investment Management
California
$10.3M -$217K -5,838 -2%
LCG
25
Lisanti Capital Growth
New York
$8.33M +$6.99M +188,215 New
1
2 3 4 5

SGRY Hedge Fund Activity: Q1 2021 in Review

119 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Surgery Partners (SGRY) for Q1 2021, worth a combined $2.55B — up 84% from $1.39B a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new SGRY positions and 21 closed out — a net gain of 4 holders — while 45 added to existing stakes and 37 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $231M. The largest seller was King Street Capital Management, exiting entirely with an estimated $29M sold.

  • 119 institutional investors held Surgery Partners (SGRY) as of Q1 2021, up from 115 in Q4 2020.
  • Funds reported $2.55B of Surgery Partners stock for Q1 2021, up 84% quarter-over-quarter.
  • 25 funds opened new Surgery Partners positions in Q1 2021 and 21 closed out, a net change of +4 holders.
  • The largest Surgery Partners buyer in Q1 2021 was Fidelity Investments, an estimated $231M added.
  • The largest Surgery Partners seller in Q1 2021 was King Street Capital Management, an estimated $29M sold.

Based on aggregated 13F filings for Q1 2021.