Summit Materials, Inc. Class A Common Stock
SUM was delisted on the 10th of February, 2025.
268 hedge funds and large institutions have $4.6B invested in Summit Materials, Inc. Class A Common Stock in 2023 Q2 according to their latest regulatory filings, with 55 funds opening new positions, 84 increasing their positions, 82 reducing their positions, and 30 closing their positions.
261% more call options, than puts
Call options by funds: $8.57M | Put options by funds: $2.38M
83% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 30
33% more capital invested
Capital invested by funds: $3.47B → $4.6B (+$1.13B)
10% more funds holding
Funds holding: 243 → 268 (+25)
2% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 82
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$74M |
| 2 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$31.1M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
+$27.3M |
| 4 |
FAM
Fred Alger Management
New York
|
+$19.7M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$18.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$101M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$47.6M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$30.7M |
| 4 |
Jennison Associates
New York
|
-$12.4M |
| 5 |
ECM
ExodusPoint Capital Management
New York
|
-$11.6M |
SUM Hedge Fund Activity: Q2 2023 in Review
268 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Summit Materials, Inc. Class A Common Stock (SUM) for Q2 2023, worth a combined $4.6B — up 33% from $3.47B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new SUM positions and 30 closed out — a net gain of 25 holders — while 84 added to existing stakes and 82 trimmed.
The largest buyer was Massachusetts Financial Services, opening a new position worth an estimated $74M. The largest seller was T. Rowe Price Associates, cutting an estimated $101M.
- 268 institutional investors held Summit Materials, Inc. Class A Common Stock (SUM) as of Q2 2023, up from 243 in Q1 2023.
- Funds reported $4.6B of Summit Materials, Inc. Class A Common Stock stock for Q2 2023, up 33% quarter-over-quarter.
- 55 funds opened new Summit Materials, Inc. Class A Common Stock positions in Q2 2023 and 30 closed out, a net change of +25 holders.
- The largest Summit Materials, Inc. Class A Common Stock buyer in Q2 2023 was Massachusetts Financial Services, an estimated $74M added.
- The largest Summit Materials, Inc. Class A Common Stock seller in Q2 2023 was T. Rowe Price Associates, an estimated $101M sold.
Based on aggregated 13F filings for Q2 2023.