State National Companies, Inc.
SNC
SNC was delisted on the 17th of November, 2017.
65 hedge funds and large institutions have $214M invested in State National Companies, Inc. in 2015 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 29 increasing their positions, 9 reducing their positions, and 6 closing their positions.
222% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 9
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
14% more funds holding
Funds holding: 57 → 65 (+8)
4% less capital invested
Capital invested by funds: $223M → $214M (-$9.22M)
2.34% less ownership
Funds ownership: 53.62% → 51.27% (-2.3%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NC
Nokomis Capital
Dallas,
Texas
|
+$11M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$2.46M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.27M |
| 5 |
Two Sigma Investments
New York
|
+$1.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Indaba Capital Management
San Francisco,
California
|
-$21.5M |
| 2 |
NM
Newtyn Management
New York
|
-$13.7M |
| 3 |
BC
BHR Capital
New York
|
-$3.64M |
| 4 |
MCM
Moore Capital Management
New York
|
-$2.52M |
| 5 |
SC
Selz Capital
New York
|
-$1.87M |
SNC Hedge Fund Activity: Q4 2015 in Review
65 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in State National Companies, Inc. (SNC) for Q4 2015, worth a combined $214M — down 4.1% from $223M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new SNC positions and 6 closed out — a net gain of 8 holders — while 29 added to existing stakes and 9 trimmed.
The largest buyer was Nokomis Capital, opening a new position worth an estimated $11M. The largest seller was Indaba Capital Management, exiting entirely with an estimated $21.5M sold.
- 65 institutional investors held State National Companies, Inc. (SNC) as of Q4 2015, up from 57 in Q3 2015.
- Funds reported $214M of State National Companies, Inc. stock for Q4 2015, down 4.1% quarter-over-quarter.
- 14 funds opened new State National Companies, Inc. positions in Q4 2015 and 6 closed out, a net change of +8 holders.
- The largest State National Companies, Inc. buyer in Q4 2015 was Nokomis Capital, an estimated $11M added.
- The largest State National Companies, Inc. seller in Q4 2015 was Indaba Capital Management, an estimated $21.5M sold.
Based on aggregated 13F filings for Q4 2015.