Sovos Brands, Inc. Common Stock
SOVO
SOVO was delisted on the 11th of March, 2024.
156 hedge funds and large institutions have $2.33B invested in Sovos Brands, Inc. Common Stock in 2023 Q3 according to their latest regulatory filings, with 62 funds opening new positions, 48 increasing their positions, 39 reducing their positions, and 40 closing their positions.
1,119% more call options, than puts
Call options by funds: $154M | Put options by funds: $12.6M
600% more funds holding in top 10
Funds holding in top 10: 1 → 7 (+6)
55% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 40
28% more capital invested
Capital invested by funds: $1.83B → $2.33B (+$505M)
23% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 39
16% more funds holding
Funds holding: 134 → 156 (+22)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$85.2M |
| 2 |
AAM
Alpine Associates Management
Palm Beach,
Florida
|
+$64.1M |
| 3 |
PAM
PSquared Asset Management
Zurich,
Switzerland
|
+$52.6M |
| 4 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$42.4M |
| 5 |
WIC
Water Island Capital
New York
|
+$31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$72.6M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$68.2M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$57.3M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$33.2M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
-$20M |
SOVO Hedge Fund Activity: Q3 2023 in Review
156 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Sovos Brands, Inc. Common Stock (SOVO) for Q3 2023, worth a combined $2.33B — up 28% from $1.83B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new SOVO positions and 40 closed out — a net gain of 22 holders — while 48 added to existing stakes and 39 trimmed.
The largest buyer was Fidelity International, opening a new position worth an estimated $85.2M. The largest seller was Wellington Management Group, cutting an estimated $72.6M.
- 156 institutional investors held Sovos Brands, Inc. Common Stock (SOVO) as of Q3 2023, up from 134 in Q2 2023.
- Funds reported $2.33B of Sovos Brands, Inc. Common Stock stock for Q3 2023, up 28% quarter-over-quarter.
- 62 funds opened new Sovos Brands, Inc. Common Stock positions in Q3 2023 and 40 closed out, a net change of +22 holders.
- The largest Sovos Brands, Inc. Common Stock buyer in Q3 2023 was Fidelity International, an estimated $85.2M added.
- The largest Sovos Brands, Inc. Common Stock seller in Q3 2023 was Wellington Management Group, an estimated $72.6M sold.
Based on aggregated 13F filings for Q3 2023.