Sonic Corp
SONC
SONC was delisted on the 6th of December, 2018.
161 hedge funds and large institutions have $843M invested in Sonic Corp in 2013 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 63 increasing their positions, 65 reducing their positions, and 23 closing their positions.
336% more call options, than puts
Call options by funds: $5.47M | Put options by funds: $1.26M
19% more capital invested
Capital invested by funds: $710M → $843M (+$133M)
3% less repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 65
5% less funds holding
Funds holding: 169 → 161 (-8)
26% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 23
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Cortina Asset Management
Milwaukee,
Wisconsin
|
+$22.7M |
| 2 |
CCM
Cadian Capital Management
New York
|
+$14.7M |
| 3 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$8.77M |
| 4 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
+$8.46M |
| 5 |
SAM
Scopus Asset Management
New York
|
+$7.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$26.8M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$17.6M |
| 3 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
-$10.8M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$9.3M |
| 5 |
Bank of New York Mellon
New York
|
-$5.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$316K | -19,324 | Closed |
|
|
HAMF
177
Hatteras Alternative Mutual Funds
Raleigh,
North Carolina
| – | -$253K | -17,369 | Closed |
|
|
RJFSA
178
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$230K | -15,823 | Closed |
|
179
Citadel Advisors
Miami,
Florida
| – | -$256K | -15,613 | -100% |
|
|
MA
180
MUFG Americas
New York
| – | -$221K | -15,200 | Closed |
|
|
GC
181
Guggenheim Capital
Chicago,
Illinois
| – | -$171K | -11,767 | Closed |
|
|
BJ
182
BlackRock Japan
Tokyo,
Japan
| – | -$23K | -1,604 | Closed |
|
|
OMCS
183
Old Mutual Customised Solutions
Pinelands,
South Africa
| – | -$22K | -1,500 | Closed |
|
|
ECAM
184
East Coast Asset Management
Essex,
Massachusetts
| – | -$5K | -360 | Closed |
|
SONC Hedge Fund Activity: Q3 2013 in Review
161 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Sonic Corp (SONC) for Q3 2013, worth a combined $843M — up 19% from $710M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of SONC and 17 opened new positions — a net loss of 6 holders — while 65 trimmed existing stakes and 63 added.
The largest buyer was Cortina Asset Management, opening a new position worth an estimated $22.7M. The largest seller was Mackenzie Financial, exiting entirely with an estimated $26.8M sold.
- 161 institutional investors held Sonic Corp (SONC) as of Q3 2013, down from 169 in Q2 2013.
- Funds reported $843M of Sonic Corp stock for Q3 2013, up 19% quarter-over-quarter.
- 17 funds opened new Sonic Corp positions in Q3 2013 and 23 closed out, a net change of -6 holders.
- The largest Sonic Corp buyer in Q3 2013 was Cortina Asset Management, an estimated $22.7M added.
- The largest Sonic Corp seller in Q3 2013 was Mackenzie Financial, an estimated $26.8M sold.
Based on aggregated 13F filings for Q3 2013.