Spectrum Brands
267 hedge funds and large institutions have $3.25B invested in Spectrum Brands in 2023 Q2 according to their latest regulatory filings, with 41 funds opening new positions, 92 increasing their positions, 81 reducing their positions, and 35 closing their positions.
80% more funds holding in top 10
Funds holding in top 10: 10 → 18 (+8)
69% more call options, than puts
Call options by funds: $618M | Put options by funds: $366M
23% more capital invested
Capital invested by funds: $2.65B → $3.25B (+$602M)
17% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 35
14% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 81
4.4% more ownership
Funds ownership: 97.15% → 101.56% (+4.4%)
2% more funds holding
Funds holding: 262 → 267 (+5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
+$59.5M |
| 2 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$43.4M |
| 3 |
CCPM
Cooper Creek Partners Management
New York
|
+$30.2M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$22.3M |
| 5 |
TAL
TIG Advisors LLC
New York
|
+$21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Pentwater Capital Management
Naples,
Florida
|
-$83.6M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$75.9M |
| 3 |
SHCM
Sachem Head Capital Management
New York
|
-$51.4M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$43.9M |
| 5 |
AC
Armistice Capital
New York
|
-$20.1M |
SPB Hedge Fund Activity: Q2 2023 in Review
267 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Spectrum Brands (SPB) for Q2 2023, worth a combined $3.25B — up 23% from $2.65B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new SPB positions and 35 closed out — a net gain of 6 holders — while 92 added to existing stakes and 81 trimmed.
The largest buyer was Eminence Capital, adding an estimated $59.5M. The largest seller was Pentwater Capital Management, cutting an estimated $83.6M.
- 267 institutional investors held Spectrum Brands (SPB) as of Q2 2023, up from 262 in Q1 2023.
- Funds reported $3.25B of Spectrum Brands stock for Q2 2023, up 23% quarter-over-quarter.
- 41 funds opened new Spectrum Brands positions in Q2 2023 and 35 closed out, a net change of +6 holders.
- The largest Spectrum Brands buyer in Q2 2023 was Eminence Capital, an estimated $59.5M added.
- The largest Spectrum Brands seller in Q2 2023 was Pentwater Capital Management, an estimated $83.6M sold.
Based on aggregated 13F filings for Q2 2023.