Smart Sand
SND
91 hedge funds and large institutions have $375M invested in Smart Sand in 2017 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 34 increasing their positions, 12 reducing their positions, and 18 closing their positions.
183% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 12
128% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 18
76% more capital invested
Capital invested by funds: $213M → $375M (+$162M)
26% more funds holding
Funds holding: 72 → 91 (+19)
23.92% more ownership
Funds ownership: 32.97% → 56.89% (+24%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$37.3M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$32.7M |
| 3 |
Citigroup
New York
|
+$21.8M |
| 4 |
BlackRock
New York
|
+$16M |
| 5 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$14.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OIM
Oceanic Investment Management
Douglas,
Isle Of Man
|
-$11.7M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$8.24M |
| 3 |
ECA
Encompass Capital Advisors
New York
|
-$8.07M |
| 4 |
Millennium Management
New York
|
-$6.79M |
| 5 |
Janus Henderson Group
London,
United Kingdom
|
-$4.27M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PRCM
101
Pine River Capital Management
Minnetonka,
Minnesota
| – | -$414K | -25,000 | Closed |
|
|
WBC
102
Westpac Banking Corp
Sydney,
Australia
| – | -$397K | -23,959 | Closed |
|
|
CSS
103
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$372K | -22,465 | Closed |
|
104
Jane Street
New York
| – | -$333K | -20,150 | Closed |
|
|
QSS
105
Quantitative Systematic Strategies
Ponte Vedra Beach,
Florida
| – | -$206K | -12,635 | Closed |
|
106
Tudor Investment Corp
Stamford,
Connecticut
| – | -$201K | -12,157 | Closed |
|
107
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$177K | -10,707 | Closed |
|
|
TRCT
108
Tower Research Capital (TRC)
New York
| – | -$166K | -10,058 | Closed |
|
|
TCA
109
Tortoise Capital Advisors
Overland Park,
Kansas
| – | +$496 | +29 | New |
|
SND Hedge Fund Activity: Q1 2017 in Review
91 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Smart Sand (SND) for Q1 2017, worth a combined $375M — up 76% from $213M a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new SND positions and 18 closed out — a net gain of 23 holders — while 34 added to existing stakes and 12 trimmed.
The largest buyer was Victory Capital Management, opening a new position worth an estimated $37.3M. The largest seller was Oceanic Investment Management, exiting entirely with an estimated $11.7M sold.
- 91 institutional investors held Smart Sand (SND) as of Q1 2017, up from 72 in Q4 2016.
- Funds reported $375M of Smart Sand stock for Q1 2017, up 76% quarter-over-quarter.
- 41 funds opened new Smart Sand positions in Q1 2017 and 18 closed out, a net change of +23 holders.
- The largest Smart Sand buyer in Q1 2017 was Victory Capital Management, an estimated $37.3M added.
- The largest Smart Sand seller in Q1 2017 was Oceanic Investment Management, an estimated $11.7M sold.
Based on aggregated 13F filings for Q1 2017.