Standard Motor Products
SMP
141 hedge funds and large institutions have $761M invested in Standard Motor Products in 2014 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 44 increasing their positions, 55 reducing their positions, and 13 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
27% more capital invested
Capital invested by funds: $599M → $761M (+$162M)
23% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 13
2% more funds holding
Funds holding: 138 → 141 (+3)
1.64% more ownership
Funds ownership: 73.03% → 74.67% (+1.6%)
20% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 55
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Third Avenue Management
New York
|
+$14.9M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$8.62M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$3.56M |
| 4 |
SGAM
Smith Group Asset Management
Dallas,
Texas
|
+$2.12M |
| 5 |
CCM
Cadence Capital Management
Boston,
Massachusetts
|
+$1.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$3.82M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$3.51M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$3.18M |
| 4 |
RA
Royce & Associates
New York
|
-$2.59M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$2.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VRS
151
Virginia Retirement Systems
Richmond,
Virginia
| – | -$265K | -7,400 | Closed |
|
|
AL
152
Airain Ltd
St. Peter Port,
Guernsey
| – | -$244K | -6,811 | Closed |
|
|
CL
153
CSS LLC
Chicago,
Illinois
| – | -$236K | -6,600 | Closed |
|
154
SG Americas Securities
New York
| – | -$104K | -2,920 | Closed |
|
SMP Hedge Fund Activity: Q2 2014 in Review
141 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Standard Motor Products (SMP) for Q2 2014, worth a combined $761M — up 27% from $599M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new SMP positions and 13 closed out — a net gain of 3 holders — while 44 added to existing stakes and 55 trimmed.
The largest buyer was Third Avenue Management, opening a new position worth an estimated $14.9M. The largest seller was Renaissance Technologies, cutting an estimated $3.82M.
- 141 institutional investors held Standard Motor Products (SMP) as of Q2 2014, up from 138 in Q1 2014.
- Funds reported $761M of Standard Motor Products stock for Q2 2014, up 27% quarter-over-quarter.
- 16 funds opened new Standard Motor Products positions in Q2 2014 and 13 closed out, a net change of +3 holders.
- The largest Standard Motor Products buyer in Q2 2014 was Third Avenue Management, an estimated $14.9M added.
- The largest Standard Motor Products seller in Q2 2014 was Renaissance Technologies, an estimated $3.82M sold.
Based on aggregated 13F filings for Q2 2014.