Sphere Entertainment
SPHR
178 hedge funds and large institutions have $778M invested in Sphere Entertainment in 2023 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 61 increasing their positions, 43 reducing their positions, and 45 closing their positions.
158% more call options, than puts
Call options by funds: $74.1M | Put options by funds: $28.7M
42% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 43
9.85% more ownership
Funds ownership: 92.66% → 102.51% (+9.8%)
5% less funds holding
Funds holding: 187 → 178 (-9)
20% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 45
49% less capital invested
Capital invested by funds: $1.52B → $778M (-$737M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Primecap Management
Pasadena,
California
|
+$20.7M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$15M |
| 3 |
LCG
Luxor Capital Group
New York
|
+$14.3M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$10.7M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$10.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Ariel Investments
Chicago,
Illinois
|
-$42.2M |
| 2 |
ClearBridge Investments
New York
|
-$28.5M |
| 3 |
JCP
Jennifer C. Price
|
-$8.9M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
-$7.15M |
| 5 |
SCM
Shelton Capital Management
Denver,
Colorado
|
-$3.75M |
SPHR Hedge Fund Activity: Q2 2023 in Review
178 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Sphere Entertainment (SPHR) for Q2 2023, worth a combined $778M — down 49% from $1.52B a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of SPHR and 36 opened new positions — a net loss of 9 holders — while 43 trimmed existing stakes and 61 added.
The largest buyer was Primecap Management, opening a new position worth an estimated $20.7M. The largest seller was Ariel Investments, cutting an estimated $42.2M.
- 178 institutional investors held Sphere Entertainment (SPHR) as of Q2 2023, down from 187 in Q1 2023.
- Funds reported $778M of Sphere Entertainment stock for Q2 2023, down 49% quarter-over-quarter.
- 36 funds opened new Sphere Entertainment positions in Q2 2023 and 45 closed out, a net change of -9 holders.
- The largest Sphere Entertainment buyer in Q2 2023 was Primecap Management, an estimated $20.7M added.
- The largest Sphere Entertainment seller in Q2 2023 was Ariel Investments, an estimated $42.2M sold.
Based on aggregated 13F filings for Q2 2023.