Smart Sand
SND
53 hedge funds and large institutions have $22.2M invested in Smart Sand in 2025 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 15 reducing their positions, and 13 closing their positions.
9,500% more call options, than puts
Call options by funds: $384K | Put options by funds: $4K
33% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 15
0.17% less ownership
Funds ownership: 25.21% → 25.04% (-0.17%)
10% less funds holding
Funds holding: 59 → 53 (-6)
21% less capital invested
Capital invested by funds: $28M → $22.2M (-$5.85M)
46% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
+$633K |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$320K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$133K |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$125K |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$124K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSFS
Main Street Financial Solutions
Newtown,
Pennsylvania
|
-$421K |
| 2 |
Renaissance Technologies
New York
|
-$210K |
| 3 |
Millennium Management
New York
|
-$198K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$144K |
| 5 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
-$85.1K |
SND Hedge Fund Activity: Q2 2025 in Review
53 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Smart Sand (SND) for Q2 2025, worth a combined $22.2M — down 21% from $28M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of SND and 7 opened new positions — a net loss of 6 holders — while 15 trimmed existing stakes and 20 added.
The largest buyer was Gendell Jeffrey L, adding an estimated $633K. The largest seller was Main Street Financial Solutions, exiting entirely with an estimated $421K sold.
- 53 institutional investors held Smart Sand (SND) as of Q2 2025, down from 59 in Q1 2025.
- Funds reported $22.2M of Smart Sand stock for Q2 2025, down 21% quarter-over-quarter.
- 7 funds opened new Smart Sand positions in Q2 2025 and 13 closed out, a net change of -6 holders.
- The largest Smart Sand buyer in Q2 2025 was Gendell Jeffrey L, an estimated $633K added.
- The largest Smart Sand seller in Q2 2025 was Main Street Financial Solutions, an estimated $421K sold.
Based on aggregated 13F filings for Q2 2025.