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)
2.41% more ownership
Funds ownership: 6.04% → 8.46% (+2.4%)
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
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 |
SPMC Hedge Fund Activity: Q3 2024 in Review
12 of the 6,979 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.