Sonos
SONO
243 hedge funds and large institutions have $1.38B invested in Sonos in 2023 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 78 increasing their positions, 90 reducing their positions, and 44 closing their positions.
50% more call options, than puts
Call options by funds: $29M | Put options by funds: $19.3M
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1.69% less ownership
Funds ownership: 85.05% → 83.36% (-1.7%)
8% less funds holding
Funds holding: 264 → 243 (-21)
13% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 90
23% less capital invested
Capital invested by funds: $1.78B → $1.38B (-$402M)
41% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 44
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
+$48.2M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$8.56M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$7.31M |
| 4 |
TI
Trigran Investments
Northbrook,
Illinois
|
+$6.48M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
+$6.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$60.7M |
| 2 |
Millennium Management
New York
|
-$35.9M |
| 3 |
SM
Sunriver Management
Greenwich,
Connecticut
|
-$16.5M |
| 4 |
GH
GAM Holding
Zurich,
Switzerland
|
-$4.32M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
-$4.05M |
SONO Hedge Fund Activity: Q3 2023 in Review
243 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Sonos (SONO) for Q3 2023, worth a combined $1.38B — down 23% from $1.78B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of SONO and 26 opened new positions — a net loss of 18 holders — while 90 trimmed existing stakes and 78 added.
The largest buyer was Hawk Ridge Capital Management, adding an estimated $48.2M. The largest seller was Thrivent Financial for Lutherans, cutting an estimated $60.7M.
- 243 institutional investors held Sonos (SONO) as of Q3 2023, down from 264 in Q2 2023.
- Funds reported $1.38B of Sonos stock for Q3 2023, down 23% quarter-over-quarter.
- 26 funds opened new Sonos positions in Q3 2023 and 44 closed out, a net change of -18 holders.
- The largest Sonos buyer in Q3 2023 was Hawk Ridge Capital Management, an estimated $48.2M added.
- The largest Sonos seller in Q3 2023 was Thrivent Financial for Lutherans, an estimated $60.7M sold.
Based on aggregated 13F filings for Q3 2023.