Smart Sand
About: Smart Sand Inc. is a fully integrated frac sand company providing mine-to-well site proppant supply and logistics. It produces Northern White frac sand for enhanced hydrocarbon recovery in oil and gas wells. The company offers products like Smart System, SmartBelt, SmartDepot Silo, and SmartPath Loader. It is expanding into industrial markets, including glass, ceramics, and renewable energy, while its main revenue comes from sand sales and logistics.
Employees: 285
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
1,005% more call options, than puts
Call options by funds: $641K | Put options by funds: $58K
180% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 5
100% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 11
28% more capital invested
Capital invested by funds: $22.1M [Q4 2024] → $28.2M (+$6.11M) [Q1 2025]
18% more funds holding
Funds holding: 51 [Q4 2024] → 60 (+9) [Q1 2025]
2.45% more ownership
Funds ownership: 22.89% [Q4 2024] → 25.34% (+2.45%) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for SND.
Financial journalist opinion









