Sonos
SONO
264 hedge funds and large institutions have $1.78B invested in Sonos in 2023 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 70 increasing their positions, 107 reducing their positions, and 54 closing their positions.
32% more call options, than puts
Call options by funds: $39M | Put options by funds: $29.5M
2.04% less ownership
Funds ownership: 87.09% → 85.05% (-2%)
8% less funds holding
Funds holding: 288 → 264 (-24)
18% less capital invested
Capital invested by funds: $2.17B → $1.78B (-$391M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
35% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 107
44% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 54
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$42.5M |
| 2 |
TI
Trigran Investments
Northbrook,
Illinois
|
+$15.3M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
+$15.2M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$11.9M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
+$7.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
-$41.4M |
| 2 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
-$25.5M |
| 3 |
Morgan Stanley
New York
|
-$15.2M |
| 4 |
CCM
Coliseum Capital Management
Rowayton,
Connecticut
|
-$12.6M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
-$7.94M |
SONO Hedge Fund Activity: Q2 2023 in Review
264 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Sonos (SONO) for Q2 2023, worth a combined $1.78B — down 18% from $2.17B a quarter earlier.
Sellers outnumbered buyers: 54 funds closed out of SONO and 30 opened new positions — a net loss of 24 holders — while 107 trimmed existing stakes and 70 added.
The largest buyer was Millennium Management, adding an estimated $42.5M. The largest seller was American Century Companies, cutting an estimated $41.4M.
- 264 institutional investors held Sonos (SONO) as of Q2 2023, down from 288 in Q1 2023.
- Funds reported $1.78B of Sonos stock for Q2 2023, down 18% quarter-over-quarter.
- 30 funds opened new Sonos positions in Q2 2023 and 54 closed out, a net change of -24 holders.
- The largest Sonos buyer in Q2 2023 was Millennium Management, an estimated $42.5M added.
- The largest Sonos seller in Q2 2023 was American Century Companies, an estimated $41.4M sold.
Based on aggregated 13F filings for Q2 2023.