SM Energy
256 hedge funds and large institutions have $1.8B invested in SM Energy in 2017 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 119 increasing their positions, 66 reducing their positions, and 42 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 66
42% more call options, than puts
Call options by funds: $36.8M | Put options by funds: $26M
0.05% more ownership
Funds ownership: 98.07% → 98.12% (+0.05%)
3% less funds holding
Funds holding: 265 → 256 (-9)
19% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 42
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
32% less capital invested
Capital invested by funds: $2.64B → $1.8B (-$840M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
+$66.5M |
| 2 |
CCM
Causeway Capital Management
Los Angeles,
California
|
+$55.8M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$33.5M |
| 4 |
KL
KGH Ltd
Nassau,
Bahamas
|
+$30.5M |
| 5 |
FPA
First Pacific Advisors
El Segundo,
California
|
+$16.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RO
Reservoir Operations
New York
|
-$80.4M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$68.4M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
-$59.3M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$50.2M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$44.6M |
SM Hedge Fund Activity: Q2 2017 in Review
256 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in SM Energy (SM) for Q2 2017, worth a combined $1.8B — down 32% from $2.64B a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of SM and 34 opened new positions — a net loss of 8 holders — while 66 trimmed existing stakes and 119 added.
The largest buyer was Fir Tree Capital Management, opening a new position worth an estimated $66.5M. The largest seller was Reservoir Operations, exiting entirely with an estimated $80.4M sold.
- 256 institutional investors held SM Energy (SM) as of Q2 2017, down from 265 in Q1 2017.
- Funds reported $1.8B of SM Energy stock for Q2 2017, down 32% quarter-over-quarter.
- 34 funds opened new SM Energy positions in Q2 2017 and 42 closed out, a net change of -8 holders.
- The largest SM Energy buyer in Q2 2017 was Fir Tree Capital Management, an estimated $66.5M added.
- The largest SM Energy seller in Q2 2017 was Reservoir Operations, an estimated $80.4M sold.
Based on aggregated 13F filings for Q2 2017.