SM Energy
274 hedge funds and large institutions have $3.82B invested in SM Energy in 2018 Q3 according to their latest regulatory filings, with 42 funds opening new positions, 83 increasing their positions, 109 reducing their positions, and 32 closing their positions.
31% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 32
14% more capital invested
Capital invested by funds: $3.36B → $3.82B (+$465M)
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
3% more funds holding
Funds holding: 267 → 274 (+7)
8.38% less ownership
Funds ownership: 116.46% → 108.09% (-8.4%)
14% less call options, than puts
Call options by funds: $42M | Put options by funds: $48.7M
24% less repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 109
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$117M |
| 2 |
BCM
Brenham Capital Management
Dallas,
Texas
|
+$80.1M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$22.2M |
| 4 |
Millennium Management
New York
|
+$21.5M |
| 5 |
JP Morgan Chase
New York
|
+$19.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Causeway Capital Management
Los Angeles,
California
|
-$180M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
-$112M |
| 3 |
KL
KGH Ltd
Nassau,
Bahamas
|
-$41.1M |
| 4 |
EECFI
EnCap Energy Capital Fund IX
Houston,
Texas
|
-$31.6M |
| 5 |
FPA
First Pacific Advisors
El Segundo,
California
|
-$24.3M |
SM Hedge Fund Activity: Q3 2018 in Review
274 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in SM Energy (SM) for Q3 2018, worth a combined $3.82B — up 14% from $3.36B a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new SM positions and 32 closed out — a net gain of 10 holders — while 83 added to existing stakes and 109 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $117M. The largest seller was Causeway Capital Management, cutting an estimated $180M.
- 274 institutional investors held SM Energy (SM) as of Q3 2018, up from 267 in Q2 2018.
- Funds reported $3.82B of SM Energy stock for Q3 2018, up 14% quarter-over-quarter.
- 42 funds opened new SM Energy positions in Q3 2018 and 32 closed out, a net change of +10 holders.
- The largest SM Energy buyer in Q3 2018 was Citadel Advisors, an estimated $117M added.
- The largest SM Energy seller in Q3 2018 was Causeway Capital Management, an estimated $180M sold.
Based on aggregated 13F filings for Q3 2018.