SmartRent
SMRT
103 hedge funds and large institutions have $258M invested in SmartRent in 2023 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 36 increasing their positions, 30 reducing their positions, and 16 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 30
11% more capital invested
Capital invested by funds: $232M → $258M (+$25.7M)
2.58% more ownership
Funds ownership: 48.18% → 50.76% (+2.6%)
4% less funds holding
Funds holding: 107 → 103 (-4)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
25% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 16
77% less call options, than puts
Call options by funds: $14K | Put options by funds: $61K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
ACK Asset Management
Greenwich,
Connecticut
|
+$15.8M |
| 2 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$8.38M |
| 3 |
TM
Tikvah Management
Charlotte,
North Carolina
|
+$2.48M |
| 4 |
Goldman Sachs
New York
|
+$2.18M |
| 5 |
OWIM
Old West Investment Management
Los Angeles,
California
|
+$2.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAMCO Inc
New York
|
-$6.08M |
| 2 |
LPC
Long Pond Capital
New York
|
-$3.04M |
| 3 |
JGC
J. Goldman & Co
New York
|
-$2.75M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$2.47M |
| 5 |
Citigroup
New York
|
-$2.21M |
SMRT Hedge Fund Activity: Q1 2023 in Review
103 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in SmartRent (SMRT) for Q1 2023, worth a combined $258M — up 11% from $232M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of SMRT and 12 opened new positions — a net loss of 4 holders — while 30 trimmed existing stakes and 36 added.
The largest buyer was ACK Asset Management, opening a new position worth an estimated $15.8M. The largest seller was BAMCO Inc, cutting an estimated $6.08M.
- 103 institutional investors held SmartRent (SMRT) as of Q1 2023, down from 107 in Q4 2022.
- Funds reported $258M of SmartRent stock for Q1 2023, up 11% quarter-over-quarter.
- 12 funds opened new SmartRent positions in Q1 2023 and 16 closed out, a net change of -4 holders.
- The largest SmartRent buyer in Q1 2023 was ACK Asset Management, an estimated $15.8M added.
- The largest SmartRent seller in Q1 2023 was BAMCO Inc, an estimated $6.08M sold.
Based on aggregated 13F filings for Q1 2023.