Spectrum Brands
262 hedge funds and large institutions have $2.65B invested in Spectrum Brands in 2023 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 82 increasing their positions, 80 reducing their positions, and 34 closing their positions.
106% more call options, than puts
Call options by funds: $491M | Put options by funds: $239M
53% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 34
25% more funds holding in top 10
Funds holding in top 10: 8 → 10 (+2)
8% more capital invested
Capital invested by funds: $2.46B → $2.65B (+$191M)
7% more funds holding
Funds holding: 246 → 262 (+16)
3% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 80
4.31% less ownership
Funds ownership: 101.46% → 97.15% (-4.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$41M |
| 2 |
SHCM
Sachem Head Capital Management
New York
|
+$29.2M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$25M |
| 4 |
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
|
+$23.1M |
| 5 |
Charles Schwab
San Francisco,
California
|
+$18.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$157M |
| 2 |
EC
Eminence Capital
New York
|
-$39.2M |
| 3 |
Goldman Sachs
New York
|
-$25.9M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$24.6M |
| 5 |
SSA
Schonfeld Strategic Advisors
New York
|
-$15.2M |
SPB Hedge Fund Activity: Q1 2023 in Review
262 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Spectrum Brands (SPB) for Q1 2023, worth a combined $2.65B — up 7.8% from $2.46B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new SPB positions and 34 closed out — a net gain of 18 holders — while 82 added to existing stakes and 80 trimmed.
The largest buyer was Pentwater Capital Management, adding an estimated $41M. The largest seller was Fidelity Investments, cutting an estimated $157M.
- 262 institutional investors held Spectrum Brands (SPB) as of Q1 2023, up from 246 in Q4 2022.
- Funds reported $2.65B of Spectrum Brands stock for Q1 2023, up 7.8% quarter-over-quarter.
- 52 funds opened new Spectrum Brands positions in Q1 2023 and 34 closed out, a net change of +18 holders.
- The largest Spectrum Brands buyer in Q1 2023 was Pentwater Capital Management, an estimated $41M added.
- The largest Spectrum Brands seller in Q1 2023 was Fidelity Investments, an estimated $157M sold.
Based on aggregated 13F filings for Q1 2023.