SMBC ranks #3637 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
SMBC is a top-conviction position for Raffles Associates LP — at 13.7% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in SMBC belongs to BlackRock, Inc., but the position matters far more to Raffles Associates LP, who has 13.7% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
BlackRock has added to its SMBC position for two straight quarters, increasing it by $30.0M to reach $85.3M today.
Sterling Capital Management LLC has trimmed its SMBC position for two straight quarters, cutting it by $16.5K while still holding $13.9K.
SMBC is down 0.5% today, but institutions show net buying of $97.1M this quarter — a divergence between today's price move and the underlying institutional flow.