SM Energy
241 hedge funds and large institutions have $2.1B invested in SM Energy in 2017 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 98 increasing their positions, 66 reducing their positions, and 37 closing their positions.
48% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 66
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
16% more capital invested
Capital invested by funds: $1.8B → $2.1B (+$292M)
7.64% more ownership
Funds ownership: 98.12% → 105.76% (+7.6%)
6% less funds holding
Funds holding: 256 → 241 (-15)
32% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 37
54% less call options, than puts
Call options by funds: $33.4M | Put options by funds: $72.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$33.5M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$31.2M |
| 3 |
ECA
Encompass Capital Advisors
New York
|
+$25.5M |
| 4 |
FTCM
Fir Tree Capital Management
New York
|
+$21.1M |
| 5 |
Goldman Sachs
New York
|
+$20.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$17.4M |
| 2 |
CCM
Causeway Capital Management
Los Angeles,
California
|
-$13.4M |
| 3 |
Renaissance Technologies
New York
|
-$9.28M |
| 4 |
NAMA
Nikko Asset Management Americas
New York
|
-$7.92M |
| 5 |
Ninety One (UK)
London,
United Kingdom
|
-$7.5M |
SM Hedge Fund Activity: Q3 2017 in Review
241 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in SM Energy (SM) for Q3 2017, worth a combined $2.1B — up 16% from $1.8B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of SM and 25 opened new positions — a net loss of 12 holders — while 66 trimmed existing stakes and 98 added.
The largest buyer was Capital Research Global Investors, adding an estimated $33.5M. The largest seller was Fidelity Investments, cutting an estimated $17.4M.
- 241 institutional investors held SM Energy (SM) as of Q3 2017, down from 256 in Q2 2017.
- Funds reported $2.1B of SM Energy stock for Q3 2017, up 16% quarter-over-quarter.
- 25 funds opened new SM Energy positions in Q3 2017 and 37 closed out, a net change of -12 holders.
- The largest SM Energy buyer in Q3 2017 was Capital Research Global Investors, an estimated $33.5M added.
- The largest SM Energy seller in Q3 2017 was Fidelity Investments, an estimated $17.4M sold.
Based on aggregated 13F filings for Q3 2017.