SmartRent
SMRT
114 hedge funds and large institutions have $427M invested in SmartRent in 2023 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 48 increasing their positions, 21 reducing their positions, and 11 closing their positions.
129% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 21
100% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 11
65% more capital invested
Capital invested by funds: $258M → $427M (+$169M)
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
11% more funds holding
Funds holding: 103 → 114 (+11)
5.13% more ownership
Funds ownership: 50.76% → 55.89% (+5.1%)
60% less call options, than puts
Call options by funds: $38K | Put options by funds: $94K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$14.6M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$13.3M |
| 3 |
Millennium Management
New York
|
+$3.43M |
| 4 |
WCP
Waterfront Capital Partners
New York
|
+$2.5M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$2.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
-$9.73M |
| 2 |
Citigroup
New York
|
-$4.39M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
-$3.07M |
| 4 |
Goldman Sachs
New York
|
-$2.15M |
| 5 |
EH
EMG Holdings
Old Greenwich,
Connecticut
|
-$1.02M |
SMRT Hedge Fund Activity: Q2 2023 in Review
114 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in SmartRent (SMRT) for Q2 2023, worth a combined $427M — up 65% from $258M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new SMRT positions and 11 closed out — a net gain of 11 holders — while 48 added to existing stakes and 21 trimmed.
The largest buyer was BlackRock, adding an estimated $14.6M. The largest seller was Vulcan Value Partners, cutting an estimated $9.73M.
- 114 institutional investors held SmartRent (SMRT) as of Q2 2023, up from 103 in Q1 2023.
- Funds reported $427M of SmartRent stock for Q2 2023, up 65% quarter-over-quarter.
- 22 funds opened new SmartRent positions in Q2 2023 and 11 closed out, a net change of +11 holders.
- The largest SmartRent buyer in Q2 2023 was BlackRock, an estimated $14.6M added.
- The largest SmartRent seller in Q2 2023 was Vulcan Value Partners, an estimated $9.73M sold.
Based on aggregated 13F filings for Q2 2023.