Sovos Brands, Inc. Common Stock
SOVO
SOVO was delisted on the 11th of March, 2024.
96 hedge funds and large institutions have $1.32B invested in Sovos Brands, Inc. Common Stock in 2022 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 49 increasing their positions, 19 reducing their positions, and 8 closing their positions.
188% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 8
158% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 19
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
19% more funds holding
Funds holding: 81 → 96 (+15)
11% less capital invested
Capital invested by funds: $1.47B → $1.32B (-$155M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$27.7M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$20.1M |
| 3 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$16.2M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$9.95M |
| 5 |
BlackRock
New York
|
+$8.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Advent International
Boston,
Massachusetts
|
-$143M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$3.31M |
| 3 |
ClearBridge Investments
New York
|
-$2.44M |
| 4 |
ERSOT
Employees Retirement System of Texas
Austin,
Texas
|
-$1.68M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$1.67M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$12K | -765 | Closed |
|
|
PTC
102
Private Trust Company
Cleveland,
Ohio
| – | -$9K | -592 | Closed |
|
|
C
103
Covestor
London,
United Kingdom
| – | -$29 | -2 | -13% |
|
|
PA
104
Parallel Advisors
San Francisco,
California
| – | +$292 | +20 | New |
|
SOVO Hedge Fund Activity: Q3 2022 in Review
96 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in Sovos Brands, Inc. Common Stock (SOVO) for Q3 2022, worth a combined $1.32B — down 11% from $1.47B a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new SOVO positions and 8 closed out — a net gain of 15 holders — while 49 added to existing stakes and 19 trimmed.
The largest buyer was Loomis, Sayles & Company, opening a new position worth an estimated $27.7M. The largest seller was Advent International, cutting an estimated $143M.
- 96 institutional investors held Sovos Brands, Inc. Common Stock (SOVO) as of Q3 2022, up from 81 in Q2 2022.
- Funds reported $1.32B of Sovos Brands, Inc. Common Stock stock for Q3 2022, down 11% quarter-over-quarter.
- 23 funds opened new Sovos Brands, Inc. Common Stock positions in Q3 2022 and 8 closed out, a net change of +15 holders.
- The largest Sovos Brands, Inc. Common Stock buyer in Q3 2022 was Loomis, Sayles & Company, an estimated $27.7M added.
- The largest Sovos Brands, Inc. Common Stock seller in Q3 2022 was Advent International, an estimated $143M sold.
Based on aggregated 13F filings for Q3 2022.