SM Energy
306 hedge funds and large institutions have $4.31B invested in SM Energy in 2014 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 126 increasing their positions, 102 reducing their positions, and 51 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 102
1% more call options, than puts
Call options by funds: $26.9M | Put options by funds: $26.7M
2.52% less ownership
Funds ownership: 92.55% → 90.03% (-2.5%)
5% less funds holding
Funds holding: 321 → 306 (-15)
16% less capital invested
Capital invested by funds: $5.15B → $4.31B (-$848M)
22% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 51
88% less funds holding in top 10
Funds holding in top 10: 8 → 1 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Herndon Capital Management
Atlanta,
Georgia
|
+$151M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$54.2M |
| 3 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$49.8M |
| 4 |
EM
Elliott Management
New York
|
+$37.2M |
| 5 |
VanEck Associates
New York
|
+$31.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$175M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$123M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$56.6M |
| 4 |
ECA
Encompass Capital Advisors
New York
|
-$41.2M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$32.5M |
SM Hedge Fund Activity: Q1 2014 in Review
306 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in SM Energy (SM) for Q1 2014, worth a combined $4.31B — down 16% from $5.15B a quarter earlier.
Sellers outnumbered buyers: 51 funds closed out of SM and 40 opened new positions — a net loss of 11 holders — while 102 trimmed existing stakes and 126 added.
The largest buyer was Herndon Capital Management, adding an estimated $151M. The largest seller was T. Rowe Price Associates, cutting an estimated $175M.
- 306 institutional investors held SM Energy (SM) as of Q1 2014, down from 321 in Q4 2013.
- Funds reported $4.31B of SM Energy stock for Q1 2014, down 16% quarter-over-quarter.
- 40 funds opened new SM Energy positions in Q1 2014 and 51 closed out, a net change of -11 holders.
- The largest SM Energy buyer in Q1 2014 was Herndon Capital Management, an estimated $151M added.
- The largest SM Energy seller in Q1 2014 was T. Rowe Price Associates, an estimated $175M sold.
Based on aggregated 13F filings for Q1 2014.