Standard Motor Products
SMP
138 hedge funds and large institutions have $621M invested in Standard Motor Products in 2016 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 64 increasing their positions, 45 reducing their positions, and 20 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 45
0.71% more ownership
Funds ownership: 78.51% → 79.22% (+0.71%)
5% less funds holding
Funds holding: 145 → 138 (-7)
8% less capital invested
Capital invested by funds: $676M → $621M (-$55.3M)
35% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 20
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
+$18.4M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
+$7.47M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$2.55M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$2.18M |
| 5 |
Bank of New York Mellon
New York
|
+$2.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$4.57M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$3.5M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$3.49M |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$3.32M |
| 5 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$2.89M |
SMP Hedge Fund Activity: Q1 2016 in Review
138 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Standard Motor Products (SMP) for Q1 2016, worth a combined $621M — down 8.2% from $676M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of SMP and 13 opened new positions — a net loss of 7 holders — while 45 trimmed existing stakes and 64 added.
The largest buyer was Perkins Investment Management, adding an estimated $18.4M. The largest seller was Millennium Management, cutting an estimated $4.57M.
- 138 institutional investors held Standard Motor Products (SMP) as of Q1 2016, down from 145 in Q4 2015.
- Funds reported $621M of Standard Motor Products stock for Q1 2016, down 8.2% quarter-over-quarter.
- 13 funds opened new Standard Motor Products positions in Q1 2016 and 20 closed out, a net change of -7 holders.
- The largest Standard Motor Products buyer in Q1 2016 was Perkins Investment Management, an estimated $18.4M added.
- The largest Standard Motor Products seller in Q1 2016 was Millennium Management, an estimated $4.57M sold.
Based on aggregated 13F filings for Q1 2016.