SM β€” SM ENERGY CO

Ownership history in PRINCIPAL SECURITIES, INC.  Β·  8 quarters on record

This page tracks every 13F SEC filing in which PRINCIPAL SECURITIES, INC. reported a position in SM ENERGY CO (SM). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.01% (2024 Q2)
πŸ“Š Avg. % of fund
0.0%
πŸ“… First filed
2023 Q4
πŸ“… Last filed
2025 Q3
⏱ Quarters held
8

Position Intelligence

PRINCIPAL SECURITIES, INC. Γ— SM AI Analytics

πŸ“‰ PRINCIPAL SECURITIES, INC. underperformed the S&P 500 by –58.2% annually on this SM position. Timing score: 40% (2/5 decisions correct). Average cost basis: $43.89. Maximum drawdown during holding period: –49.1%.

πŸ“ˆ Position Alpha vs SPY
-58.2%
annualised excess return

❌ Significantly underperformed the S&P 500 by 58.2% ann.
6 quarters analyzed

⏱️ Timing Score
40%

⚠️ Poor timing β€” buys often preceded drops, trims preceded rallies.
2 of 5 add/trim decisions correct

πŸ’° Entry Quality
$43.89
-44.7% vs current ($24.27)

Best entry: $24.27 (2025 Q3)  Β·  Worst: $46.86 (2024 Q1)

πŸ›‘οΈ Drawdown Resilience
–49.1%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
57%
buy-side decisions

4 adds Β· 3 trims. Bought during 1 of 5 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.0% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    SM price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 8 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q3 ADDED 248 +28 +12.7% 0.00% $6K $24.27
2025 Q2 REDUCED 220 -6,731 -96.8% 0.00% $5K $23.84
2025 Q1 UNCHANGED 6,951 β€” 0% 0.01% $269K $28.64
2024 Q4 REDUCED 6,951 -86 -1.2% 0.01% $269K $36.88
2024 Q3 REDUCED 7,037 -46 -0.6% 0.01% $281K $37.85
2024 Q2 ADDED 7,083 +3,065 +76.3% 0.01% $306K $40.78
2024 Q1 ADDED 4,018 +3,388 +537.8% 0.01% $200K $46.86
2023 Q4 INITIATED 630 β€” β€” 0.00% $24K β€”
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