SM Energy
344 hedge funds and large institutions have $2.11B invested in SM Energy in 2025 Q4 according to their latest regulatory filings, with 66 funds opening new positions, 115 increasing their positions, 130 reducing their positions, and 97 closing their positions.
6% more call options, than puts
Call options by funds: $21.2M | Put options by funds: $20M
3.66% less ownership
Funds ownership: 101.93% → 98.27% (-3.7%)
10% less funds holding
Funds holding: 383 → 344 (-39)
12% less repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 130
28% less capital invested
Capital invested by funds: $2.93B → $2.11B (-$819M)
32% less first-time investments, than exits
New positions opened: 66 | Existing positions closed: 97
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$38.6M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
+$33.5M |
| 3 |
SC
Sagefield Capital
Dallas,
Texas
|
+$22M |
| 4 |
AG
Algert Global
San Francisco,
California
|
+$20.1M |
| 5 |
D.E. Shaw & Co
New York
|
+$20.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$90.8M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$79.1M |
| 3 |
WP
Woodline Partners
San Francisco,
California
|
-$46.7M |
| 4 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$43M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$31.6M |
SM Hedge Fund Activity: Q4 2025 in Review
344 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in SM Energy (SM) for Q4 2025, worth a combined $2.11B — down 28% from $2.93B a quarter earlier.
Sellers outnumbered buyers: 97 funds closed out of SM and 66 opened new positions — a net loss of 31 holders — while 130 trimmed existing stakes and 115 added.
The largest buyer was Millennium Management, adding an estimated $38.6M. The largest seller was Westwood Holdings Group, exiting entirely with an estimated $90.8M sold.
- 344 institutional investors held SM Energy (SM) as of Q4 2025, down from 383 in Q3 2025.
- Funds reported $2.11B of SM Energy stock for Q4 2025, down 28% quarter-over-quarter.
- 66 funds opened new SM Energy positions in Q4 2025 and 97 closed out, a net change of -31 holders.
- The largest SM Energy buyer in Q4 2025 was Millennium Management, an estimated $38.6M added.
- The largest SM Energy seller in Q4 2025 was Westwood Holdings Group, an estimated $90.8M sold.
Based on aggregated 13F filings for Q4 2025.