Smart Sand
SND
59 hedge funds and large institutions have $28M invested in Smart Sand in 2025 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 22 increasing their positions, 11 reducing their positions, and 5 closing their positions.
1,005% more call options, than puts
Call options by funds: $641K | Put options by funds: $58K
160% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 5
100% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 11
27% more capital invested
Capital invested by funds: $22.1M → $28M (+$5.89M)
16% more funds holding
Funds holding: 51 → 59 (+8)
2.32% more ownership
Funds ownership: 22.89% → 25.21% (+2.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
+$844K |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$475K |
| 3 |
MSFS
Main Street Financial Solutions
Newtown,
Pennsylvania
|
+$382K |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$267K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$191K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCP
Militia Capital Partners
Las Vegas,
Nevada
|
-$401K |
| 2 |
Renaissance Technologies
New York
|
-$227K |
| 3 |
CM
CastleKnight Management
New York
|
-$195K |
| 4 |
Man Group
London,
United Kingdom
|
-$47.4K |
| 5 |
PGFC
Peapack-Gladstone Financial Corp
Bedminster,
New Jersey
|
-$41K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HWM
51
HighMark Wealth Management
St. Paul,
Minnesota
| $1.36K | – | – | – |
|
52
Bank of America
Charlotte,
North Carolina
| $1.19K | +$31 | +13 | +3% |
|
53
Citigroup
New York
| $1.03K | +$937 | +399 | New |
|
54
BNP Paribas Financial Markets
Paris,
France
| $844 | – | – | – |
|
55
JP Morgan Chase
New York
| $671 | -$9 | -4 | -2% |
|
|
PA
56
PSI Advisors
Tampa,
Florida
| $518 | – | – | – |
|
57
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $132 | +$120 | +51 | New |
|
|
FFA
58
Farther Finance Advisors
San Francisco,
California
| $38 | +$35 | +15 | New |
|
|
SS
59
SBI Securities
Tokyo,
Japan
| $16 | – | – | – |
|
|
MCP
60
Militia Capital Partners
Las Vegas,
Nevada
| – | -$401K | -178,232 | Closed |
|
|
PGFC
61
Peapack-Gladstone Financial Corp
Bedminster,
New Jersey
| – | -$41K | -18,438 | Closed |
|
|
GWSG
62
GPS Wealth Strategies Group
Centennial,
Colorado
| – | -$2.96K | -1,314 | Closed |
|
|
TRCT
63
Tower Research Capital (TRC)
New York
| – | -$1.32K | -586 | Closed |
|
|
CAS
64
Coppell Advisory Solutions
Coppell,
Texas
| – | -$91 | -42 | Closed |
|
SND Hedge Fund Activity: Q1 2025 in Review
59 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Smart Sand (SND) for Q1 2025, worth a combined $28M — up 27% from $22.1M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new SND positions and 5 closed out — a net gain of 8 holders — while 22 added to existing stakes and 11 trimmed.
The largest buyer was Gendell Jeffrey L, adding an estimated $844K. The largest seller was Militia Capital Partners, exiting entirely with an estimated $401K sold.
- 59 institutional investors held Smart Sand (SND) as of Q1 2025, up from 51 in Q4 2024.
- Funds reported $28M of Smart Sand stock for Q1 2025, up 27% quarter-over-quarter.
- 13 funds opened new Smart Sand positions in Q1 2025 and 5 closed out, a net change of +8 holders.
- The largest Smart Sand buyer in Q1 2025 was Gendell Jeffrey L, an estimated $844K added.
- The largest Smart Sand seller in Q1 2025 was Militia Capital Partners, an estimated $401K sold.
Based on aggregated 13F filings for Q1 2025.