SurgePays
SURG
28 hedge funds and large institutions have $8.4M invested in SurgePays in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 3 increasing their positions, 13 reducing their positions, and 10 closing their positions.
729% more call options, than puts
Call options by funds: $3.19M | Put options by funds: $384K
3.85% less ownership
Funds ownership: 16.48% → 12.63% (-3.8%)
7% less funds holding
Funds holding: 30 → 28 (-2)
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
51% less capital invested
Capital invested by funds: $17.1M → $8.4M (-$8.65M)
77% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
Bailard
Foster City,
California
|
+$237K |
| 2 |
TI
Trexquant Investment
Stamford,
Connecticut
|
+$178K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$155K |
| 4 |
OQS
Occudo Quantitative Strategies
Fort Lauderdale,
Florida
|
+$75K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$54.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EI
EAM Investors
Solana Beach,
California
|
-$1.66M |
| 2 |
Renaissance Technologies
New York
|
-$447K |
| 3 |
TDC
Thompson Davis & Co
Richmond,
Virginia
|
-$421K |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$382K |
| 5 |
Walleye Capital
New York
|
-$302K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citadel Advisors
Miami,
Florida
| $5.28K | -$62.5K | -12,045 | -91% |
|
27
Fidelity Investments
Boston,
Massachusetts
| $936 | +$1.04K | +200 | New |
|
28
Wells Fargo
San Francisco,
California
| $290 | -$5.21K | -1,004 | -94% |
|
|
EI
29
EAM Investors
Solana Beach,
California
| – | -$1.66M | -226,482 | Closed |
|
|
30
Renaissance Technologies
New York
| – | -$447K | -61,100 | Closed |
|
|
TDC
31
Thompson Davis & Co
Richmond,
Virginia
| – | -$421K | -57,580 | Closed |
|
32
Two Sigma Investments
New York
| – | -$110K | -15,085 | Closed |
|
|
CG
33
Cutler Group
San Francisco,
California
| – | -$64K | -12,347 | Closed |
|
34
Millennium Management
New York
| – | -$85.8K | -11,734 | Closed |
|
35
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$78K | -10,587 | Closed |
|
36
Morgan Stanley
New York
| – | -$2.92K | -400 | Closed |
|
37
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$1K | -170 | Closed |
|
38
Bank of America
Charlotte,
North Carolina
| – | -$7 | -1 | Closed |
|
SURG Hedge Fund Activity: Q3 2023 in Review
28 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in SurgePays (SURG) for Q3 2023, worth a combined $8.4M — down 51% from $17.1M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of SURG and 8 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 3 added.
The largest buyer was Bailard, adding an estimated $237K. The largest seller was EAM Investors, exiting entirely with an estimated $1.66M sold.
- 28 institutional investors held SurgePays (SURG) as of Q3 2023, down from 30 in Q2 2023.
- Funds reported $8.4M of SurgePays stock for Q3 2023, down 51% quarter-over-quarter.
- 8 funds opened new SurgePays positions in Q3 2023 and 10 closed out, a net change of -2 holders.
- The largest SurgePays buyer in Q3 2023 was Bailard, an estimated $237K added.
- The largest SurgePays seller in Q3 2023 was EAM Investors, an estimated $1.66M sold.
Based on aggregated 13F filings for Q3 2023.