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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
TRCT
101
Tower Research Capital (TRC)
New York
$50K +$48.6K +2,398 New
AIP
102
Ameritas Investment Partners
Nebraska
$47K
UBS Group
103
UBS Group
Switzerland
$47K +$42K +2,073 +1,296%
CG
104
Cutler Group
California
$29K +$28.1K +1,389 New
QI
105
QS Investors
New York
$11K
PHK
106
Point72 Hong Kong
Hong Kong
$2K +$1.48K +73 New
NFG
107
Next Financial Group
Texas
$1K
CP
108
Centerbridge Partners
New York
-$76.2M -4,145,000 Closed
AFS
109
Amtrust Financial Services
New York
-$24.3M -1,321,644 Closed
Thrivent Financial for Lutherans
110
Thrivent Financial for Lutherans
Minnesota
-$5.4M -293,767 Closed
RCAMU
111
Rothschild & Co Asset Management US
Connecticut
-$3.54M -192,789 Closed
PM
112
Precept Management
Texas
-$3.47M -189,000 Closed
Federated Hermes
113
Federated Hermes
Pennsylvania
-$2.67M -145,271 Closed
PP
114
Prospector Partners
Connecticut
-$2.65M -144,100 Closed
WCM
115
Wedge Capital Management
North Carolina
-$2.48M -134,896 Closed
MAM
116
Martingale Asset Management
Massachusetts
-$1.69M -91,705 Closed
Two Sigma Advisers
117
Two Sigma Advisers
New York
-$1.67M -90,812 Closed
HCM
118
Hodges Capital Management
Texas
-$1.42M -77,000 Closed
CCM
119
Cadence Capital Management
Massachusetts
-$1.4M -76,278 Closed
ACM
120
Ativo Capital Management
Illinois
-$1.29M -70,018 Closed
MCM
121
McKinley Capital Management
Alaska
-$1.2M -65,440 Closed
Millennium Management
122
Millennium Management
New York
-$1.2M -65,334 Closed
HIM
123
Hillsdale Investment Management
Ontario, Canada
-$1.19M -64,500 Closed
SCM
124
Sterling Capital Management
North Carolina
-$1.16M -62,975 Closed
SCM
125
Silver Capital Management
New York
-$935K -50,876 Closed

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.