State National Companies, Inc.
SNC
SNC was delisted on the 17th of November, 2017.
92 hedge funds and large institutions have $240M invested in State National Companies, Inc. in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 43 increasing their positions, 24 reducing their positions, and 8 closing their positions.
79% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 24
4% more capital invested
Capital invested by funds: $231M → $240M (+$9.3M)
0% more funds holding
Funds holding: 92 → 92 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
0.27% less ownership
Funds ownership: 51.85% → 51.58% (-0.27%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.01M |
| 2 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$881K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$759K |
| 4 |
CIC
Cornercap Investment Counsel
Atlanta,
Georgia
|
+$745K |
| 5 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
+$723K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kensico Capital Management
Greenwich,
Connecticut
|
-$7.23M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$1.69M |
| 3 |
MCM
McKinley Capital Management
Anchorage,
Alaska
|
-$1.21M |
| 4 |
Millennium Management
New York
|
-$808K |
| 5 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$670K |
SNC Hedge Fund Activity: Q3 2016 in Review
92 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in State National Companies, Inc. (SNC) for Q3 2016, worth a combined $240M — up 4% from $231M a quarter earlier.
Fund positioning in SNC was balanced in Q3 2016: 8 funds opened new positions, 8 closed out, 43 added to existing stakes and 24 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.01M. The largest seller was Kensico Capital Management, exiting entirely with an estimated $7.23M sold.
- 92 institutional investors held State National Companies, Inc. (SNC) as of Q3 2016, unchanged from Q2 2016.
- Funds reported $240M of State National Companies, Inc. stock for Q3 2016, up 4% quarter-over-quarter.
- 8 funds opened new State National Companies, Inc. positions in Q3 2016 and 8 closed out, a net change of 0 holders.
- The largest State National Companies, Inc. buyer in Q3 2016 was Morgan Stanley, an estimated $1.01M added.
- The largest State National Companies, Inc. seller in Q3 2016 was Kensico Capital Management, an estimated $7.23M sold.
Based on aggregated 13F filings for Q3 2016.