Sterling Infrastructure
STRL
294 hedge funds and large institutions have $2.23B invested in Sterling Infrastructure in 2023 Q4 according to their latest regulatory filings, with 55 funds opening new positions, 92 increasing their positions, 116 reducing their positions, and 29 closing their positions.
98% more call options, than puts
Call options by funds: $12.8M | Put options by funds: $6.48M
90% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 29
24% more capital invested
Capital invested by funds: $1.79B → $2.23B (+$436M)
10% more funds holding
Funds holding: 268 → 294 (+26)
3.05% more ownership
Funds ownership: 79.02% → 82.07% (+3.1%)
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
21% less repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 116
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$56.6M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$40.8M |
| 3 |
HAI
Hennessy Advisors Inc
Novato,
California
|
+$26.4M |
| 4 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$16.9M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$16.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$22.3M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$18M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
-$17M |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$12.3M |
| 5 |
GIPM
G2 Investment Partners Management
New York
|
-$9.94M |
STRL Hedge Fund Activity: Q4 2023 in Review
294 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Sterling Infrastructure (STRL) for Q4 2023, worth a combined $2.23B — up 24% from $1.79B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new STRL positions and 29 closed out — a net gain of 26 holders — while 92 added to existing stakes and 116 trimmed.
The largest buyer was Fuller & Thaler Asset Management, opening a new position worth an estimated $56.6M. The largest seller was Millennium Management, cutting an estimated $22.3M.
- 294 institutional investors held Sterling Infrastructure (STRL) as of Q4 2023, up from 268 in Q3 2023.
- Funds reported $2.23B of Sterling Infrastructure stock for Q4 2023, up 24% quarter-over-quarter.
- 55 funds opened new Sterling Infrastructure positions in Q4 2023 and 29 closed out, a net change of +26 holders.
- The largest Sterling Infrastructure buyer in Q4 2023 was Fuller & Thaler Asset Management, an estimated $56.6M added.
- The largest Sterling Infrastructure seller in Q4 2023 was Millennium Management, an estimated $22.3M sold.
Based on aggregated 13F filings for Q4 2023.