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Stem
STEM

225 hedge funds and large institutions have $593M invested in Stem in 2023 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 88 increasing their positions, 59 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

49% more repeat investments, than reductions

Existing positions increased: 88 | Existing positions reduced: 59

14% more call options, than puts

Call options by funds: $24M | Put options by funds: $21M

0.15% more ownership

Funds ownership: 3.18% → 3.33% (+0.15%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 42

1% less funds holding

Funds holding: 227 → 225 (-2)

11% less capital invested

Capital invested by funds: $668M → $593M (-$74.7M)

Holders
225
Holders Change
-2
Holders Change %
-0.88%
% of All Funds
3.53%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
42
Increased
88
Reduced
59
Closed
42
Calls
$24M
Puts
$21M
Net Calls
+$2.95M
Net Calls Change
+$1.62M

Top Buyers

1
BNP Paribas Asset Management
BNP Paribas Asset Management
France
+$15.2M
2
ECP
Electron Capital Partners
New York
+$15.2M
3
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$13.2M
4
BlackRock
BlackRock
New York
+$6.27M
5
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
+$5.79M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$17.5M
2
ECA
Encompass Capital Advisors
New York
-$12.5M
3
TCA
Tortoise Capital Advisors
Kansas
-$7.43M
4
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$6M
5
Millennium Management
Millennium Management
New York
-$5.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
AB
151
Amalgamated Bank
New York
$83K -$28.3K -285 -28%
TRCT
152
Tower Research Capital (TRC)
New York
$82.3K +$5.06K +51 +8%
Janney Montgomery Scott
153
Janney Montgomery Scott
Pennsylvania
$78K -$2.58K -26 -4%
IWM
154
IHT Wealth Management
Illinois
$77.6K -$496 -5 -0.7%
QC
155
Quadrature Capital
United Kingdom
$76.3K -$347K -3,496 -84%
TIM
156
Tortoise Investment Management
New York
$73.5K – – –
Mariner
157
Mariner
Kansas
$71.3K -$40.3K -406 -39%
AFO
158
Arrowroot Family Office
California
$70K -$42.9K -432 -41%
DCM
159
Deuterium Capital Management
Florida
$68.6K – – –
BCM
160
Bayesian Capital Management
New York
$68.1K +$59.1K +595 New
State of Wisconsin Investment Board
161
State of Wisconsin Investment Board
Wisconsin
$66.4K +$57.7K +581 New
Teacher Retirement System of Texas
162
Teacher Retirement System of Texas
Texas
$64K +$55.1K +555 New
AIP
163
Ameritas Investment Partners
Nebraska
$61.8K – – –
WANY
164
Wealthspire Advisors (New York)
New York
$60.5K -$3.47K -35 -6%
MWM
165
Meridian Wealth Management
Kentucky
$60.1K +$52.1K +525 New
BRWA
166
B. Riley Wealth Advisors
Florida
$58.9K -$82.2K -828 -62%
LCM
167
Lazari Capital Management
California
$57.7K +$50K +504 New
ETC
168
Exchange Traded Concepts
Oklahoma
$53.4K – – –
CFG
169
CKW Financial Group
Hawaii
$48K – – –
MLICM
170
Metropolitan Life Insurance Company (MetLife)
New York
$45.4K – – –
NA
171
NewEdge Advisors
Louisiana
$26.6K -$18.2K -183 -44%
AAG
172
Armstrong Advisory Group
Massachusetts
$25.3K +$21.9K +221 New
Nisa Investment Advisors
173
Nisa Investment Advisors
Missouri
$24.5K +$15.4K +155 +263%
CG
174
Cutler Group
California
$24K +$20.9K +211 +4,220%
BAM
175
Byrne Asset Management
New Jersey
$20K +$496 +5 +3%
5 6
7
8 9

STEM Hedge Fund Activity: Q2 2023 in Review

225 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Stem (STEM) for Q2 2023, worth a combined $593M — down 11% from $668M a quarter earlier.

Fund positioning in STEM was balanced in Q2 2023: 42 funds opened new positions, 42 closed out, 88 added to existing stakes and 59 trimmed.

The largest buyer was BNP Paribas Asset Management, opening a new position worth an estimated $15.2M. The largest seller was Citadel Advisors, cutting an estimated $17.5M.

  • 225 institutional investors held Stem (STEM) as of Q2 2023, down from 227 in Q1 2023.
  • Funds reported $593M of Stem stock for Q2 2023, down 11% quarter-over-quarter.
  • 42 funds opened new Stem positions in Q2 2023 and 42 closed out, a net change of 0 holders.
  • The largest Stem buyer in Q2 2023 was BNP Paribas Asset Management, an estimated $15.2M added.
  • The largest Stem seller in Q2 2023 was Citadel Advisors, an estimated $17.5M sold.

Based on aggregated 13F filings for Q2 2023.