Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Surgery Partners Inc (SGRY)

184 + Investors. Track Smart Money conviction in SGRY. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +9
Streak
1Q ▲
Buyers last Q
58%

Smart Money Signals — SGRY

Based on 190 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added SGRY than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (95% of max)

95% of all-time peak
190 hedge funds hold SGRY right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding SGRY is almost the same as a year ago (-6 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 58% buying

116 buying84 selling
Last quarter: 116 funds bought or added vs 84 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+10 vs last Q)

new funds entering per quarter
Funds opening a new SGRY position: 34 → 35 → 31 → 41. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 24% medium ■ 22% new
104 out of 190 hedge funds have held SGRY for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Price up while funds trimmed (+36% value, -3% shares)

Value
+35%
Shares
-3%
Last quarter: total value of institutional SGRY holdings rose +36% even though funds reduced share count by 3%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
➡️

Steady discovery — ~41 new funds/quarter

39 → 34 → 35 → 31 → 41 new funds/Q
New funds entering each quarter: 34 → 35 → 31 → 41. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 63% veterans vs 24% newcomers

■ 63% veterans ■ 13% 1-2yr ■ 24% new
Entry-cohort mix of 196 holders: 123 (63%) are 2+ year veterans, 26 entered 1–2 years ago, and 47 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 32% AUM from major funds

32% from top-100 AUM funds
44 of 187 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — SGRY

In 2026 Q2, 116 hedge funds were net buyers of SGRY (41 opened a new position, 75 added to an existing one), while 84 reduced or exited (52 trimmed, 32 sold completely) — a 58% buyer ratio, indicating a slight buying edge. 32% of total institutional value in SGRY is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +9 funds (more new holders than closures). Total institutional holders: 190.

Hedge Fund Ownership: SGRY

How many hedge funds hold SGRY — quarterly history vs. share price
Quarterly hedge fund ownership of SGRY vs. share price

Market Analysis: SGRY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SGRY

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

12 top-rated funds 4 high-conviction
Consensus
4.8
/ 10
breadth
×
Elite
4.8
/ 10
conviction
Hedge Fund Positioning: SGRY
184 + Investors

Track Smart Money conviction in SGRY. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 184 181 1.66%
13F Shares 155M 162M -4.54%
Total Value $2.50B $1.92B 30.47%
New Positions 39 31 +8
Increased Positions 71 68 +3
Closed Positions 33 31 +2
Reduced Positions 51 47 +4
Total Calls 7 6 16.67%
Total Puts 2 5 -60.0%
PUT/CALL Ratio 0.29 0.83 Bullish

Statistics: SGRY

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Institutional Holders (2026 Q2)

184 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in SGRY. Verified SEC 13F-HR filings.

QUARTER:
Top 25 SGRY holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 King Street Capital Management, L.P. 53.66% 6,058,141 $101.8M
2 Hein Park Capital Management LP 35.74% 1,068,621 $18.0M
3 Varde Management, L.P. 24.64% 1,003,447 $16.9M
4 Bain Capital Investors LLC 17.42% 49,946,972 $839.1M
5 Sea Cliff Partners Management, LP 6.30% 845,864 $14.2M
6 Whitefort Capital Management, LP 3.73% 901,332 $15.1M
7 Pentwater Capital Management LP 1.19% 11,630,000 $195.4M
8 Dimension Capital Management LLC 0.89% 450,606 $7.6M
9 Pier Capital, LLC 0.72% 322,265 $5.4M
10 One68 Global Capital, LLC 0.62% 15,786 $284K
11 Marble Bar Asset Management LLP 0.54% 46,589 $783K
12 Tranquility Partners, LLC 0.43% 74,923 $1.3M
13 Olympiad Research LP 0.38% 10,912 $183K
14 Sirios Capital Management L P 0.35% 172,976 $2.9M
15 Deeter Investments LLP 0.34% 102,502 $1.6M
16 Prelude Capital Management, LLC 0.27% 218,805 $3.7M
17 Quinn Opportunity Partners LLC 0.25% 323,860 $5.4M
18 SLT Holdings LLC 0.21% 20,000 $336K
19 Oaktree Capital Management LP 0.20% 862,588 $14.5M
20 Penn Capital Management Company, LLC 0.19% 175,083 $2.9M
21 Kennedy Capital Management LLC 0.16% 547,967 $9.2M
22 Camelot Portfolios, LLC 0.16% 13,712 $230K
23 Crawford Fund Management, LLC 0.11% 43,000 $722K
24 Mirabella Financial Services LLP 0.11% 65,430 $1.1M
25 Jupiter Topco LLC 0.10% 13,882,155 $233.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Surgery Partners Inc (SGRY)

What does the Smart Money Trend signal show for SGRY?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added SGRY than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for SGRY?

Slight buying edge — 58% buying: Last quarter: 116 funds bought or added vs 84 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for SGRY holders?

Strong quality — 32% AUM from major funds: 44 of 187 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held SGRY?

55% of holders stayed for 2+ years: 104 out of 190 hedge funds have held SGRY for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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