State National Companies, Inc.
SNC
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.
25% more capital invested
Capital invested by funds: $444M → $556M (+$112M)
7% less funds holding
Funds holding: 116 → 108 (-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: 6 → 3 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$41.6M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$41.5M |
| 3 |
WIC
Water Island Capital
New York
|
+$41M |
| 4 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$24.5M |
| 5 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$21.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CP
Centerbridge Partners
New York
|
-$76.2M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$24.8M |
| 3 |
AFS
Amtrust Financial Services
New York
|
-$24.3M |
| 4 |
Renaissance Technologies
New York
|
-$6.06M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$5.4M |
SNC Hedge Fund Activity: Q3 2017 in Review
108 of the 4,022 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.