SmartRent
SMRT
114 hedge funds and large institutions have $304M invested in SmartRent in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 46 increasing their positions, 27 reducing their positions, and 11 closing their positions.
498% more call options, than puts
Call options by funds: $586K | Put options by funds: $98K
70% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 27
2.27% more ownership
Funds ownership: 55.89% → 58.16% (+2.3%)
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
0% more funds holding
Funds holding: 114 → 114 (0)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
29% less capital invested
Capital invested by funds: $427M → $304M (-$123M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Long Pond Capital
New York
|
+$11.6M |
| 2 |
BDAM
Blue Door Asset Management
Stamford,
Connecticut
|
+$3.82M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.99M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.73M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$2.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$7.1M |
| 2 |
WCP
Waterfront Capital Partners
New York
|
-$3.13M |
| 3 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$1.28M |
| 4 |
BAMCO Inc
New York
|
-$1.04M |
| 5 |
BC
Beaconlight Capital
New York
|
-$810K |
SMRT Hedge Fund Activity: Q3 2023 in Review
114 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in SmartRent (SMRT) for Q3 2023, worth a combined $304M — down 29% from $427M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new SMRT positions and 11 closed out — a net gain of 1 holder — while 46 added to existing stakes and 27 trimmed.
The largest buyer was Long Pond Capital, opening a new position worth an estimated $11.6M. The largest seller was Millennium Management, exiting entirely with an estimated $7.1M sold.
- 114 institutional investors held SmartRent (SMRT) as of Q3 2023, unchanged from Q2 2023.
- Funds reported $304M of SmartRent stock for Q3 2023, down 29% quarter-over-quarter.
- 12 funds opened new SmartRent positions in Q3 2023 and 11 closed out, a net change of +1 holder.
- The largest SmartRent buyer in Q3 2023 was Long Pond Capital, an estimated $11.6M added.
- The largest SmartRent seller in Q3 2023 was Millennium Management, an estimated $7.1M sold.
Based on aggregated 13F filings for Q3 2023.