SPHR ranks #1455 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
SPHR is a top-conviction position for Islander Capital Partners, L.P. — at 13.8% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in SPHR belongs to BlackRock, Inc., but the position matters far more to Islander Capital Partners, L.P., who has 13.8% 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 SPHR position for two straight quarters, increasing it by $510.2M to reach $706.0M today.
Walleye Capital LLC has trimmed its SPHR position for two straight quarters, cutting it by $30.0M while still holding $2.9M.
SPHR is down 2.2% today, but institutions show net buying of $1.2B this quarter — a divergence between today's price move and the underlying institutional flow.