SP Plus Corporation
SP was delisted on the 15th of May, 2024.
170 hedge funds and large institutions have $1.01B invested in SP Plus Corporation in 2024 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 51 increasing their positions, 63 reducing their positions, and 38 closing their positions.
259% more call options, than puts
Call options by funds: $17.4M | Put options by funds: $4.85M
2% less capital invested
Capital invested by funds: $1.04B → $1.01B (-$25M)
10% less funds holding
Funds holding: 189 → 170 (-19)
19% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 63
22% less funds holding in top 10
Funds holding in top 10: 9 → 7 (-2)
45% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$65.4M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$25.5M |
| 3 |
GCL
Glazer Capital LLC
New York
|
+$24.1M |
| 4 |
TAL
TIG Advisors LLC
New York
|
+$20.4M |
| 5 |
Millennium Management
New York
|
+$15.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
-$62M |
| 2 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$53.1M |
| 3 |
Morgan Stanley
New York
|
-$29.6M |
| 4 |
ACB
Aristotle Capital Boston
Boston,
Massachusetts
|
-$23.2M |
| 5 |
William Blair Investment Management
Chicago,
Illinois
|
-$23.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CG
201
Cutler Group
San Francisco,
California
| – | -$92K | -1,800 | Closed |
|
|
NFSG
202
Newbridge Financial Services Group
Boca Raton,
Florida
| – | -$16.9K | -330 | Closed |
|
|
WTG
203
West Tower Group
Richmond,
Virginia
| – | -$6.36K | -124 | Closed |
|
|
LF
204
Lee Financial
Dallas,
Texas
| – | -$3.38K | -66 | Closed |
|
|
SAM
205
Smartleaf Asset Management
Boston,
Massachusetts
| – | -$615 | -12 | Closed |
|
206
AssetMark Inc
Concord,
California
| – | -$205 | -4 | Closed |
|
|
FFA
207
Farther Finance Advisors
San Francisco,
California
| – | -$51 | -1 | Closed |
|
SP Hedge Fund Activity: Q1 2024 in Review
170 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in SP Plus Corporation (SP) for Q1 2024, worth a combined $1.01B — down 2.4% from $1.04B a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of SP and 21 opened new positions — a net loss of 17 holders — while 63 trimmed existing stakes and 51 added.
The largest buyer was Pentwater Capital Management, adding an estimated $65.4M. The largest seller was Segall Bryant & Hamill, exiting entirely with an estimated $62M sold.
- 170 institutional investors held SP Plus Corporation (SP) as of Q1 2024, down from 189 in Q4 2023.
- Funds reported $1.01B of SP Plus Corporation stock for Q1 2024, down 2.4% quarter-over-quarter.
- 21 funds opened new SP Plus Corporation positions in Q1 2024 and 38 closed out, a net change of -17 holders.
- The largest SP Plus Corporation buyer in Q1 2024 was Pentwater Capital Management, an estimated $65.4M added.
- The largest SP Plus Corporation seller in Q1 2024 was Segall Bryant & Hamill, an estimated $62M sold.
Based on aggregated 13F filings for Q1 2024.