SmartRent
SMRT
126 hedge funds and large institutions have $346M invested in SmartRent in 2024 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 42 increasing their positions, 40 reducing their positions, and 10 closing their positions.
108% more capital inflows, than outflows
Capital inflows: $44M | Capital outflows: $21.1M
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
3.74% more ownership
Funds ownership: 59.6% → 63.35% (+3.7%)
2% more funds holding
Funds holding: 123 → 126 (+3)
5% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 40
92% less call options, than puts
Call options by funds: $1K | Put options by funds: $13K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Simcoe Capital Management
New York
|
+$12.1M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$4.56M |
| 3 |
Blue Door Asset Management
Stamford,
Connecticut
|
+$3.76M |
| 4 |
Royce & Associates
New York
|
+$2.9M |
| 5 |
Old West Investment Management
Los Angeles,
California
|
+$2.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACK Asset Management
Greenwich,
Connecticut
|
-$5.53M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
-$3.14M |
| 3 |
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$2.47M |
| 4 |
Beaconlight Capital
New York
|
-$1.98M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.03M |
SMRT Hedge Fund Activity: Q1 2024 in Review
126 of the 6,966 institutional investors tracked by Wall St. Rank reported a position in SmartRent (SMRT) for Q1 2024, worth a combined $346M — down 10% from $386M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new SMRT positions and 10 closed out — a net gain of 3 holders — while 42 added to existing stakes and 40 trimmed.
The largest buyer was Simcoe Capital Management, opening a new position worth an estimated $12.1M. The largest seller was ACK Asset Management, cutting an estimated $5.53M.
- 126 institutional investors held SmartRent (SMRT) as of Q1 2024, up from 123 in Q4 2023.
- Funds reported $346M of SmartRent stock for Q1 2024, down 10% quarter-over-quarter.
- 13 funds opened new SmartRent positions in Q1 2024 and 10 closed out, a net change of +3 holders.
- The largest SmartRent buyer in Q1 2024 was Simcoe Capital Management, an estimated $12.1M added.
- The largest SmartRent seller in Q1 2024 was ACK Asset Management, an estimated $5.53M sold.
Based on aggregated 13F filings for Q1 2024.