Sound Point Meridian Capital
SPMC
12 hedge funds and large institutions have $33.5M invested in Sound Point Meridian Capital in 2024 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 3 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
38% more capital invested
Capital invested by funds: $24.2M → $33.5M (+$9.22M)
33% more funds holding
Funds holding: 9 → 12 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 3
21.71% less ownership
Funds ownership: 30.17% → 8.46% (-22%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$9.89M |
| 2 |
OC
Oppenheimer & Co
New York
|
+$273K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$232K |
| 4 |
Morgan Stanley
New York
|
+$138K |
| 5 |
CL
Choreo LLC
Rockford,
Illinois
|
+$29K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$478K |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$364K |
| 3 |
FRA
Frank Rimerman Advisors
Palo Alto,
California
|
-$200K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.33K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
1
Bank of America
Charlotte,
North Carolina
| $9.88M | – | – | – |
|
|
2
Goldman Sachs
New York
| $9.88M | +$9.89M | +500,000 | New |
|
|
TJHA
3
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $8.34M | -$364K | -18,395 | -4% |
|
|
4
Envestnet Asset Management
Chicago,
Illinois
| $3.05M | +$232K | +11,719 | +8% |
|
|
CL
5
Choreo LLC
Rockford,
Illinois
| $842K | +$29K | +1,467 | +4% |
|
|
RCM
6
Rivernorth Capital Management
West Palm Beach,
Florida
| $511K | -$478K | -24,168 | -48% |
|
|
BSG
7
Black Swift Group
Boulder,
Colorado
| $445K | – | – | – |
|
|
OC
8
Oppenheimer & Co
New York
| $272K | +$273K | +13,775 | New |
|
|
9
Morgan Stanley
New York
| $138K | +$138K | +6,983 | New |
|
10
UBS Group
Zurich,
Switzerland
| $78.9K | +$23.7K | +1,199 | +43% |
|
11
Osaic Holdings
Scottsdale,
Arizona
| $13.8K | +$13.8K | +700 | New |
|
|
12
Royal Bank of Canada
Toronto,
Ontario, Canada
| $6K | -$1.33K | -67 | -18% |
|
|
FRA
13
Frank Rimerman Advisors
Palo Alto,
California
| – | -$200K | -10,000 | Closed |
|
SPMC Hedge Fund Activity: Q3 2024 in Review
12 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in Sound Point Meridian Capital (SPMC) for Q3 2024, worth a combined $33.5M — up 38% from $24.2M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new SPMC positions and 1 closed out — a net gain of 3 holders — while 3 added to existing stakes and 3 trimmed.
The largest buyer was Goldman Sachs, opening a new position worth an estimated $9.89M. The largest seller was Rivernorth Capital Management, cutting an estimated $478K.
- 12 institutional investors held Sound Point Meridian Capital (SPMC) as of Q3 2024, up from 9 in Q2 2024.
- Funds reported $33.5M of Sound Point Meridian Capital stock for Q3 2024, up 38% quarter-over-quarter.
- 4 funds opened new Sound Point Meridian Capital positions in Q3 2024 and 1 closed out, a net change of +3 holders.
- The largest Sound Point Meridian Capital buyer in Q3 2024 was Goldman Sachs, an estimated $9.89M added.
- The largest Sound Point Meridian Capital seller in Q3 2024 was Rivernorth Capital Management, an estimated $478K sold.
Based on aggregated 13F filings for Q3 2024.