Summit Materials, Inc. Class A Common Stock
SUM was delisted on the 10th of February, 2025.
293 hedge funds and large institutions have $3.76B invested in Summit Materials, Inc. Class A Common Stock in 2023 Q3 according to their latest regulatory filings, with 62 funds opening new positions, 106 increasing their positions, 79 reducing their positions, and 35 closing their positions.
1,646% more call options, than puts
Call options by funds: $6.02M | Put options by funds: $345K
77% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 35
34% more repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 79
9% more funds holding
Funds holding: 268 → 293 (+25)
18% less capital invested
Capital invested by funds: $4.6B → $3.76B (-$848M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$111M |
| 2 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$36.5M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$29.8M |
| 4 |
BlackRock
New York
|
+$26.2M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$25.4M |
Top Sellers
| 1 |
Capital International Investors
Los Angeles,
California
|
-$125M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$62.2M |
| 3 |
Millennium Management
New York
|
-$55.6M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$44.3M |
| 5 |
Jennison Associates
New York
|
-$31M |
SUM Hedge Fund Activity: Q3 2023 in Review
293 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Summit Materials, Inc. Class A Common Stock (SUM) for Q3 2023, worth a combined $3.76B — down 18% from $4.6B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new SUM positions and 35 closed out — a net gain of 27 holders — while 106 added to existing stakes and 79 trimmed.
The largest buyer was Massachusetts Financial Services, adding an estimated $111M. The largest seller was Capital International Investors, cutting an estimated $125M.
- 293 institutional investors held Summit Materials, Inc. Class A Common Stock (SUM) as of Q3 2023, up from 268 in Q2 2023.
- Funds reported $3.76B of Summit Materials, Inc. Class A Common Stock stock for Q3 2023, down 18% quarter-over-quarter.
- 62 funds opened new Summit Materials, Inc. Class A Common Stock positions in Q3 2023 and 35 closed out, a net change of +27 holders.
- The largest Summit Materials, Inc. Class A Common Stock buyer in Q3 2023 was Massachusetts Financial Services, an estimated $111M added.
- The largest Summit Materials, Inc. Class A Common Stock seller in Q3 2023 was Capital International Investors, an estimated $125M sold.
Based on aggregated 13F filings for Q3 2023.