SurgePays
SURG
17 hedge funds and large institutions have $9.62M invested in SurgePays in 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 10 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
27% more call options, than puts
Call options by funds: $1.61M | Put options by funds: $1.27M
1.59% less ownership
Funds ownership: 17.08% → 15.49% (-1.6%)
31% less capital invested
Capital invested by funds: $14M → $9.62M (-$4.42M)
32% less funds holding
Funds holding: 25 → 17 (-8)
80% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$491K |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$132K |
| 3 |
CG
Cutler Group
San Francisco,
California
|
+$27.1K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$16.9K |
| 5 |
William Blair & Company
Chicago,
Illinois
|
+$13.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EI
EAM Investors
Solana Beach,
California
|
-$1.57M |
| 2 |
MA
MYDA Advisors
Woodmere,
New York
|
-$747K |
| 3 |
PCM
Praetorian Capital Management
Coral Gables,
Florida
|
-$594K |
| 4 |
DC
Diametric Capital
Boston,
Massachusetts
|
-$228K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$187K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of America
Charlotte,
North Carolina
| – | -$132 | -20 | Closed |
|
|
CS
27
Credit Suisse
Zurich,
Switzerland
| – | -$7 | -1 | Closed |
|
SURG Hedge Fund Activity: Q1 2023 in Review
17 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in SurgePays (SURG) for Q1 2023, worth a combined $9.62M — down 31% from $14M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of SURG and 2 opened new positions — a net loss of 8 holders — while 4 trimmed existing stakes and 7 added.
The largest buyer was Bridgeway Capital Management, adding an estimated $491K. The largest seller was EAM Investors, exiting entirely with an estimated $1.57M sold.
- 17 institutional investors held SurgePays (SURG) as of Q1 2023, down from 25 in Q4 2022.
- Funds reported $9.62M of SurgePays stock for Q1 2023, down 31% quarter-over-quarter.
- 2 funds opened new SurgePays positions in Q1 2023 and 10 closed out, a net change of -8 holders.
- The largest SurgePays buyer in Q1 2023 was Bridgeway Capital Management, an estimated $491K added.
- The largest SurgePays seller in Q1 2023 was EAM Investors, an estimated $1.57M sold.
Based on aggregated 13F filings for Q1 2023.