Summit Materials, Inc. Class A Common Stock
SUM was delisted on the 10th of February, 2025.
308 hedge funds and large institutions have $5.4B invested in Summit Materials, Inc. Class A Common Stock in 2024 Q1 according to their latest regulatory filings, with 54 funds opening new positions, 103 increasing their positions, 103 reducing their positions, and 40 closing their positions.
35% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 40
16% more capital invested
Capital invested by funds: $4.64B → $5.4B (+$757M)
4% more funds holding
Funds holding: 297 → 308 (+11)
0% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 103
59% less call options, than puts
Call options by funds: $5.86M | Put options by funds: $14.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$76.6M |
| 2 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$68.5M |
| 3 |
Millennium Management
New York
|
+$36.6M |
| 4 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$29.5M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$28.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$93.9M |
| 2 |
BlackRock
New York
|
-$53.3M |
| 3 |
Goldman Sachs
New York
|
-$32.9M |
| 4 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$30.8M |
| 5 |
Morgan Stanley
New York
|
-$27.8M |
SUM Hedge Fund Activity: Q1 2024 in Review
308 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Summit Materials, Inc. Class A Common Stock (SUM) for Q1 2024, worth a combined $5.4B — up 16% from $4.64B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new SUM positions and 40 closed out — a net gain of 14 holders — while 103 added to existing stakes and 103 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $76.6M. The largest seller was Fidelity Investments, cutting an estimated $93.9M.
- 308 institutional investors held Summit Materials, Inc. Class A Common Stock (SUM) as of Q1 2024, up from 297 in Q4 2023.
- Funds reported $5.4B of Summit Materials, Inc. Class A Common Stock stock for Q1 2024, up 16% quarter-over-quarter.
- 54 funds opened new Summit Materials, Inc. Class A Common Stock positions in Q1 2024 and 40 closed out, a net change of +14 holders.
- The largest Summit Materials, Inc. Class A Common Stock buyer in Q1 2024 was AllianceBernstein, an estimated $76.6M added.
- The largest Summit Materials, Inc. Class A Common Stock seller in Q1 2024 was Fidelity Investments, an estimated $93.9M sold.
Based on aggregated 13F filings for Q1 2024.