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SNC

State National Companies, Inc.
SNC

Delisted

SNC was delisted on the 17th of November, 2017.

108 hedge funds and large institutions have $556M invested in State National Companies, Inc. in 2017 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 24 increasing their positions, 32 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more capital invested

Capital invested by funds: $444M → $556M (+$112M)

7% less funds holding

Funds holding: 116108 (-8)

19% less first-time investments, than exits

New positions opened: 35 | Existing positions closed: 43

25% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 32

40% less call options, than puts

Call options by funds: $3K | Put options by funds: $5K

50% less funds holding in top 10

Funds holding in top 10: 63 (-3)

Holders
108
Holders Change
-8
Holders Change %
-6.9%
% of All Funds
2.69%
Holding in Top 10
3
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-50%
% of All Funds
0.07%
New
35
Increased
24
Reduced
32
Closed
43
Calls
$3K
Puts
$5K
Net Calls
-$2K
Net Calls Change
-$6K
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$4.06M -$153K -7,527 -4%
COPPSERS
27
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$3.93M +$3.79M +187,143 New
GH
28
GAM Holding
Switzerland
$3.81M +$3.68M +181,415 New
Bank of America
29
Bank of America
North Carolina
$3.22M +$3.02M +149,135 +3,455%
Charles Schwab
30
Charles Schwab
California
$3.17M +$344K +16,970 +13%
Wells Fargo
31
Wells Fargo
California
$2.94M -$2.34M -115,676 -45%
LSV Asset Management
32
LSV Asset Management
Illinois
$2.9M -$2.15M -106,290 -43%
SG Americas Securities
33
SG Americas Securities
New York
$2.47M +$2.38M +117,659 New
USAA
34
United Services Automobile Association
Texas
$2.43M
TCIM
35
TIAA CREF Investment Management
New York
$2.28M -$567K -27,975 -21%
IA
36
IndexIQ Advisors
New York
$2.27M +$1.52M +75,190 +229%
CS
37
Candriam SCA
Luxembourg
$2.24M +$2.17M +106,860 New
CIC
38
Cornercap Investment Counsel
Georgia
$2.24M -$152K -7,520 -7%
GCIA
39
Gabelli & Co Investment Advisers
New York
$2.19M +$2.11M +104,100 New
Norges Bank
40
Norges Bank
Norway
$2.04M +$1.97M +97,040 New
Susquehanna International Group
41
Susquehanna International Group
Pennsylvania
$2.03M +$1.17M +57,724 +147%
Morgan Stanley
42
Morgan Stanley
New York
$1.98M -$2.63M -129,597 -58%
PAMP
43
Polar Asset Management Partners
Ontario, Canada
$1.89M +$1.82M +90,000 New
Renaissance Technologies
44
Renaissance Technologies
New York
$1.77M -$6.06M -299,100 -78%
PAM
45
Panagora Asset Management
Massachusetts
$1.64M +$1.58M +78,005 New
GF
46
Gabelli Funds
New York
$1.61M +$1.56M +76,780 New
BCM
47
Bridgeway Capital Management
Texas
$1.58M
MWNA
48
Marshall Wace North America
New York
$1.53M +$1.48M +73,018 New
PCM
49
Prelude Capital Management
New York
$1.39M +$1.33M +65,847 +21,949%
Barclays
50
Barclays
United Kingdom
$1.32M +$1.03M +50,619 +418%

SNC Hedge Fund Activity: Q3 2017 in Review

108 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in State National Companies, Inc. (SNC) for Q3 2017, worth a combined $556M — up 25% from $444M a quarter earlier.

Sellers outnumbered buyers: 43 funds closed out of SNC and 35 opened new positions — a net loss of 8 holders — while 32 trimmed existing stakes and 24 added.

The largest buyer was AQR Arbitrage, opening a new position worth an estimated $41.6M. The largest seller was Centerbridge Partners, exiting entirely with an estimated $76.2M sold.

  • 108 institutional investors held State National Companies, Inc. (SNC) as of Q3 2017, down from 116 in Q2 2017.
  • Funds reported $556M of State National Companies, Inc. stock for Q3 2017, up 25% quarter-over-quarter.
  • 35 funds opened new State National Companies, Inc. positions in Q3 2017 and 43 closed out, a net change of -8 holders.
  • The largest State National Companies, Inc. buyer in Q3 2017 was AQR Arbitrage, an estimated $41.6M added.
  • The largest State National Companies, Inc. seller in Q3 2017 was Centerbridge Partners, an estimated $76.2M sold.

Based on aggregated 13F filings for Q3 2017.