SmartRent
SMRT
70 hedge funds and large institutions have $787M invested in SmartRent in 2021 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 15 increasing their positions, 12 reducing their positions, and 10 closing their positions.
210% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 10
168% more call options, than puts
Call options by funds: $602K | Put options by funds: $225K
43% more funds holding
Funds holding: 49 → 70 (+21)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
25% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 12
5.53% more ownership
Funds ownership: 36.29% → 41.82% (+5.5%)
15% less capital invested
Capital invested by funds: $924M → $787M (-$137M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$32M |
| 2 |
BCP
Bayberry Capital Partners
New York
|
+$14.9M |
| 3 |
DCP
Diameter Capital Partners
New York
|
+$14.5M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$14.4M |
| 5 |
BlackRock
New York
|
+$13.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAMCO Inc
New York
|
-$36.8M |
| 2 |
EC
Eminence Capital
New York
|
-$24.1M |
| 3 |
LPC
Long Pond Capital
New York
|
-$19.6M |
| 4 |
DCP
D1 Capital Partners
New York
|
-$19.5M |
| 5 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$19.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Alyeska Investment Group
Chicago,
Illinois
| – | -$3.25M | -250,000 | Closed |
|
|
BC
77
Brookfield Corp
Toronto,
Ontario, Canada
| – | -$2.52M | -193,578 | Closed |
|
78
HighTower Advisors
Chicago,
Illinois
| – | -$293K | -22,525 | Closed |
|
79
Capstone Investment Advisors
New York
| – | -$232K | -17,849 | Closed |
|
|
YCMGA
80
York Capital Management Global Advisors
New York
| – | -$216K | -16,614 | Closed |
|
SMRT Hedge Fund Activity: Q4 2021 in Review
70 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in SmartRent (SMRT) for Q4 2021, worth a combined $787M — down 15% from $924M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new SMRT positions and 10 closed out — a net gain of 21 holders — while 15 added to existing stakes and 12 trimmed.
The largest buyer was Vulcan Value Partners, adding an estimated $32M. The largest seller was BAMCO Inc, cutting an estimated $36.8M.
- 70 institutional investors held SmartRent (SMRT) as of Q4 2021, up from 49 in Q3 2021.
- Funds reported $787M of SmartRent stock for Q4 2021, down 15% quarter-over-quarter.
- 31 funds opened new SmartRent positions in Q4 2021 and 10 closed out, a net change of +21 holders.
- The largest SmartRent buyer in Q4 2021 was Vulcan Value Partners, an estimated $32M added.
- The largest SmartRent seller in Q4 2021 was BAMCO Inc, an estimated $36.8M sold.
Based on aggregated 13F filings for Q4 2021.