Smart Sand
SND
82 hedge funds and large institutions have $80.8M invested in Smart Sand in 2018 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 29 increasing their positions, 22 reducing their positions, and 23 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 22
3.32% less ownership
Funds ownership: 46.66% → 43.34% (-3.3%)
10% less funds holding
Funds holding: 91 → 82 (-9)
27% less capital invested
Capital invested by funds: $111M → $80.8M (-$30.4M)
35% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 23
75% less call options, than puts
Call options by funds: $181K | Put options by funds: $727K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.88M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.36M |
| 3 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
+$3.22M |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$2.77M |
| 5 |
SCM
Signia Capital Management
Spokane,
Washington
|
+$2.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$4.62M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$3.41M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
-$2.58M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
-$2.34M |
| 5 |
GPGA
Grandeur Peak Global Advisors
Salt Lake City,
Utah
|
-$2.09M |
SND Hedge Fund Activity: Q2 2018 in Review
82 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Smart Sand (SND) for Q2 2018, worth a combined $80.8M — down 27% from $111M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of SND and 15 opened new positions — a net loss of 8 holders — while 22 trimmed existing stakes and 29 added.
The largest buyer was Fidelity Investments, adding an estimated $3.88M. The largest seller was THB Asset Management, exiting entirely with an estimated $4.62M sold.
- 82 institutional investors held Smart Sand (SND) as of Q2 2018, down from 91 in Q1 2018.
- Funds reported $80.8M of Smart Sand stock for Q2 2018, down 27% quarter-over-quarter.
- 15 funds opened new Smart Sand positions in Q2 2018 and 23 closed out, a net change of -8 holders.
- The largest Smart Sand buyer in Q2 2018 was Fidelity Investments, an estimated $3.88M added.
- The largest Smart Sand seller in Q2 2018 was THB Asset Management, an estimated $4.62M sold.
Based on aggregated 13F filings for Q2 2018.