Sphere Entertainment
SPHR
195 hedge funds and large institutions have $1.04B invested in Sphere Entertainment in 2023 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 51 increasing their positions, 62 reducing their positions, and 25 closing their positions.
72% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 25
60% more call options, than puts
Call options by funds: $95.4M | Put options by funds: $59.7M
33% more capital invested
Capital invested by funds: $778M → $1.04B (+$257M)
10% more funds holding
Funds holding: 178 → 195 (+17)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2.34% less ownership
Funds ownership: 102.51% → 100.17% (-2.3%)
18% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 62
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JCAM
Jericho Capital Asset Management
New York
|
+$62.6M |
| 2 |
LPC
Long Pond Capital
New York
|
+$35.1M |
| 3 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
+$16.3M |
| 4 |
DFO
Duquesne Family Office
New York
|
+$9.96M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$5.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Channing Capital Management
Chicago,
Illinois
|
-$29.8M |
| 2 |
AI
Ariel Investments
Chicago,
Illinois
|
-$28.7M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$17.1M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$11.4M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$10M |
SPHR Hedge Fund Activity: Q3 2023 in Review
195 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Sphere Entertainment (SPHR) for Q3 2023, worth a combined $1.04B — up 33% from $778M a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new SPHR positions and 25 closed out — a net gain of 18 holders — while 51 added to existing stakes and 62 trimmed.
The largest buyer was Jericho Capital Asset Management, opening a new position worth an estimated $62.6M. The largest seller was Channing Capital Management, exiting entirely with an estimated $29.8M sold.
- 195 institutional investors held Sphere Entertainment (SPHR) as of Q3 2023, up from 178 in Q2 2023.
- Funds reported $1.04B of Sphere Entertainment stock for Q3 2023, up 33% quarter-over-quarter.
- 43 funds opened new Sphere Entertainment positions in Q3 2023 and 25 closed out, a net change of +18 holders.
- The largest Sphere Entertainment buyer in Q3 2023 was Jericho Capital Asset Management, an estimated $62.6M added.
- The largest Sphere Entertainment seller in Q3 2023 was Channing Capital Management, an estimated $29.8M sold.
Based on aggregated 13F filings for Q3 2023.