Smart Sand
SND
45 hedge funds and large institutions have $24.9M invested in Smart Sand in 2025 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 17 reducing their positions, and 14 closing their positions.
12% more capital invested
Capital invested by funds: $22.2M → $24.9M (+$2.76M)
1.68% more ownership
Funds ownership: 25.04% → 26.72% (+1.7%)
15% less funds holding
Funds holding: 53 → 45 (-8)
35% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 17
57% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
+$1.3M |
| 2 |
MSFS
Main Street Financial Solutions
Newtown,
Pennsylvania
|
+$321K |
| 3 |
JCP
JB Capital Partners
Armonk,
New York
|
+$218K |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$197K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$163K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$189K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$96.6K |
| 3 |
Jane Street
New York
|
-$88.4K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$74K |
| 5 |
Man Group
London,
United Kingdom
|
-$74K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Squarepoint
New York
| – | -$40.8K | -20,318 | Closed |
|
|
KCM
52
Kathmere Capital Management
Wayne,
Pennsylvania
| – | -$25.4K | -12,636 | Closed |
|
|
KWA
53
Kingswood Wealth Advisors
San Diego,
California
| – | -$22.1K | -11,000 | Closed |
|
|
CSS
54
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$22.1K | -10,974 | Closed |
|
|
HF
55
HRT Financial
New York
| – | -$21K | -10,502 | Closed |
|
|
SOW
56
State of Wyoming
Cheyenne,
Wyoming
| – | -$8.2K | -4,081 | Closed |
|
57
Raymond James Financial
St Petersburg,
Florida
| – | -$2.96K | -1,470 | Closed |
|
|
HWM
58
HighMark Wealth Management
St. Paul,
Minnesota
| – | -$1.05K | -524 | Closed |
|
59
BNP Paribas Financial Markets
Paris,
France
| – | -$655 | -326 | Closed |
|
SND Hedge Fund Activity: Q3 2025 in Review
45 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Smart Sand (SND) for Q3 2025, worth a combined $24.9M — up 12% from $22.2M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of SND and 6 opened new positions — a net loss of 8 holders — while 17 trimmed existing stakes and 11 added.
The largest buyer was Gendell Jeffrey L, adding an estimated $1.3M. The largest seller was Vanguard Group, cutting an estimated $189K.
- 45 institutional investors held Smart Sand (SND) as of Q3 2025, down from 53 in Q2 2025.
- Funds reported $24.9M of Smart Sand stock for Q3 2025, up 12% quarter-over-quarter.
- 6 funds opened new Smart Sand positions in Q3 2025 and 14 closed out, a net change of -8 holders.
- The largest Smart Sand buyer in Q3 2025 was Gendell Jeffrey L, an estimated $1.3M added.
- The largest Smart Sand seller in Q3 2025 was Vanguard Group, an estimated $189K sold.
Based on aggregated 13F filings for Q3 2025.