SM Energy
279 hedge funds and large institutions have $2.47B invested in SM Energy in 2014 Q4 according to their latest regulatory filings, with 53 funds opening new positions, 111 increasing their positions, 85 reducing their positions, and 90 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 85
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
12% more call options, than puts
Call options by funds: $77.4M | Put options by funds: $69.3M
0.8% less ownership
Funds ownership: 95.73% → 94.93% (-0.8%)
13% less funds holding
Funds holding: 320 → 279 (-41)
41% less first-time investments, than exits
New positions opened: 53 | Existing positions closed: 90
51% less capital invested
Capital invested by funds: $5.02B → $2.47B (-$2.54B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$107M |
| 2 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$36.2M |
| 3 |
FPA
First Pacific Advisors
El Segundo,
California
|
+$36.1M |
| 4 |
Millennium Management
New York
|
+$35.3M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$24.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$238M |
| 2 |
Jennison Associates
New York
|
-$36.1M |
| 3 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$35.4M |
| 4 |
William Blair & Company
Chicago,
Illinois
|
-$35.2M |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
-$26.1M |
SM Hedge Fund Activity: Q4 2014 in Review
279 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in SM Energy (SM) for Q4 2014, worth a combined $2.47B — down 51% from $5.02B a quarter earlier.
Sellers outnumbered buyers: 90 funds closed out of SM and 53 opened new positions — a net loss of 37 holders — while 85 trimmed existing stakes and 111 added.
The largest buyer was Goldman Sachs, adding an estimated $107M. The largest seller was T. Rowe Price Associates, cutting an estimated $238M.
- 279 institutional investors held SM Energy (SM) as of Q4 2014, down from 320 in Q3 2014.
- Funds reported $2.47B of SM Energy stock for Q4 2014, down 51% quarter-over-quarter.
- 53 funds opened new SM Energy positions in Q4 2014 and 90 closed out, a net change of -37 holders.
- The largest SM Energy buyer in Q4 2014 was Goldman Sachs, an estimated $107M added.
- The largest SM Energy seller in Q4 2014 was T. Rowe Price Associates, an estimated $238M sold.
Based on aggregated 13F filings for Q4 2014.