SONIC AUTOMOTIVE INC SAH
CL A · Common Stock · CUSIP 83545G102
American automotive retailing company
- SectorConsumer discretionary
- IndustryRetail-Auto Dealers & Gasoline Stations
- HeadquartersCharlotte, NC
- Founded1997
- Websitesonicautomotive.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($14.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $84.69. Options: 1 managers hold calls ($347.6k notional), 3 hold puts ($1.9m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 201 |
| Q4 2022 | 200 |
| Q1 2023 | 188 |
| Q2 2023 | 184 |
| Q3 2023 | 183 |
| Q4 2023 | 197 |
| Q1 2024 | 185 |
| Q2 2024 | 193 |
| Q3 2024 | 190 |
| Q4 2024 | 189 |
| Q1 2025 | 208 |
| Q2 2025 | 216 |
| Q3 2025 | 228 |
| Q4 2025 | 229 |
| Q1 2026 | 226 |
| Q2 2026 | 237 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 75 | 107 |
| Q4 2024 | 73 | 101 |
| Q1 2025 | 104 | 80 |
| Q2 2025 | 101 | 117 |
| Q3 2025 | 128 | 90 |
| Q4 2025 | 107 | 119 |
| Q1 2026 | 103 | 115 |
| Q2 2026 | 120 | 106 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $913.1k | $243.5k | 0.27 |
| Q4 2025 | $0 | $0 | — |
| Q1 2026 | $370.3k | $6.9k | 0.02 |
| Q2 2026 | $347.6k | $1.9m | 5.54 |
Biggest buyers
| LSV ASSET MANAGEMENT | New | +734.0k |
| JPMORGAN CHASE & CO | Added | +272.5k |
| AMERICAN CENTURY COMPANIES INC | Added | +142.8k |
| D. E. Shaw & Co., Inc. | Added | +124.3k |
| MORGAN STANLEY | Added | +90.5k |
| Nuveen, LLC | Added | +70.6k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +63.9k |
| DENALI ADVISORS LLC | New | +56.6k |
| GOLDMAN SACHS GROUP INC | Added | +44.8k |
| UBS Group AG | Added | +30.5k |
Biggest sellers
| Trexquant Investment LP | Sold out | -124.9k |
| WESTWOOD HOLDINGS GROUP INC | Reduced | -113.0k |
| Balyasny Asset Management L.P. | Sold out | -109.1k |
| BlackRock, Inc. | Reduced | -101.8k |
| Squarepoint Ops LLC | Reduced | -100.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Reduced | -94.9k |
| CX Institutional | Reduced | -87.4k |
| Engineers Gate Manager LP | Reduced | -72.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Reduced | -68.0k |
| Invesco Ltd. | Reduced | -61.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $347.6k4.1k shares |
Biggest puts
| JANE STREET GROUP, LLC | New | $1.7m19.8k shares |
| CITADEL ADVISORS LLC | New | $228.9k2.7k shares |
| SIMPLEX TRADING, LLC | Added | $17.0k200 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
SMITH BRYAN SCOTT
13D · may seek influence
filed 2026-06-17
Stated purposeItem 4 of the Schedule 13D is hereby amended and supplemented by adding the following: The Reporting Persons filed an initial Schedule 13D on November 19, 1997. The Schedule 13D was amended from time to time to reflect, among other things, additional purchases and sales of Shares over time. The Reporting Persons presently believe that the Shares are undervalued at current market prices and represent an attractive investment opportunity. As a result, the Reporting Persons are filing this Amendment to, among other things, report their intention to potentially acquire additional Shares from time to time in open market transactions or in privately negotiated transactions with third parties. The Reporting Persons have not decided on an exact number of Shares to acquire, which will depend on ma… Full filing |
42.3% |
| BlackRock, Inc. 13G · institution -1.1 pts · filed 2026-10-27 | 9.1% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution -1.4 pts · filed 2025-07-15 | 6.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 1 | $3.5m | $3.5m |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 2 | $9.6m | $9.6m |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-06-10 | DYKE JEFF President, director | Sold plan | $3.0m35.1k shares |
| 2026-06-09 | DYKE JEFF President, director | Sold plan | $1.3m14.9k shares |
| 2026-06-08 | DYKE JEFF President, director · by Ash & Erin, LLC | Sold plan | $4.1m50.0k shares |
| 2026-06-02 | Byrd Heath EVP and CFO | Sold plan | $430.2k5.1k shares |
| 2026-05-28 | Byrd Heath EVP and CFO | Sold plan | $809.7k9.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 2.4m $204.0m | Reduced -101.8k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.3m $113.1m | Added +20.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 760.9k $64.5m | Reduced -68.0k |
| LSV ASSET MANAGEMENT 0.11% of their portfolio | 734.0k $62.2m | New |
| STATE STREET CORP 0.00% of their portfolio | 634.4k $54.1m | Reduced -41.5k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.07% of their portfolio | 588.5k $49.9m | Reduced -46.4k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 536.1k $45.5m | Reduced -41.8k |
| WESTWOOD HOLDINGS GROUP INC 0.32% of their portfolio | 494.9k $42.0m | Reduced -113.0k |
| Invesco Ltd. 0.00% of their portfolio | 388.3k $32.9m | Reduced -61.9k |
| Nuveen, LLC 0.01% of their portfolio | 386.1k $32.7m | Added +70.6k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 366.9k $31.1m | Added +142.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 325.2k $27.6m | Reduced -35.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 294.8k $25.0m | Added +272.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 277.5k $23.5m | Reduced -49.1k |
| MORGAN STANLEY 0.00% of their portfolio | 273.4k $23.2m | Added +90.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 234.2k $19.9m | Reduced -17.2k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.33% of their portfolio | 223.8k $19.0m | Added +25.8k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 204.8k $17.4m | Added +124.3k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 196.4k $16.7m | Reduced -40.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 195.2k $16.6m | Added +44.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 192.7k $16.3m | Reduced -7.8k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 183.1k $15.5m | Reduced -34.3k |
| Empowered Funds, LLC 0.07% of their portfolio | 156.4k $13.3m | Added +25.1k |
| HEARTLAND ADVISORS INC 0.56% of their portfolio | 147.6k $12.5m | Added +24.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 130.8k $11.1m | Added +511 |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.04% of their portfolio | 121.7k $10.3m | Reduced -94.9k |
| UBS Group AG 0.00% of their portfolio | 113.7k $9.6m | Added +30.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 104.6k $8.9m | Added +63.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 99.1k $8.4m | Added +3.3k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 87.3k $7.4m | Reduced -10.7k |
| PDT Partners, LLC 0.38% of their portfolio | 84.5k $7.2m | Added +7.8k |
| Phocas Financial Corp. 0.98% of their portfolio | 83.3k $7.1m | Reduced -4.4k |
| ProShare Advisors LLC 0.01% of their portfolio | 80.9k $6.9m | Reduced -22.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 79.1k $6.7m | Reduced -7.5k |
| HRT FINANCIAL LP 0.01% of their portfolio | 70.9k $6.0m | Reduced -15.8k |
| Man Group plc 0.01% of their portfolio | 70.1k $5.9m | Reduced -5.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 67.0k $5.7m | Added +15.9k |
| DENALI ADVISORS LLC 0.48% of their portfolio | 56.6k $4.8m | New |
| Public Sector Pension Investment Board 0.01% of their portfolio | 56.4k $4.8m | Reduced -7.6k |
| Susquehanna Portfolio Strategies, LLC 0.07% of their portfolio | 54.6k $4.6m | Added +110 |
| Squarepoint Ops LLC 0.01% of their portfolio | 53.9k $4.6m | Reduced -100.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 49.5k $4.2m | Reduced -28.9k |
| MARTINGALE ASSET MANAGEMENT L P 0.10% of their portfolio | 48.5k $4.1m | Added +1.5k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 45.2k $3.8m | Reduced -6.9k |
| Teewinot Capital Advisers, L.L.C. 0.24% of their portfolio | 39.3k $3.3m | Unchanged |
| FMR LLC 0.00% of their portfolio | 39.1k $3.3m | Reduced -5.6k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 38.9k $3.3m | Added +1.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 36.0k $3.1m | Reduced -918 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 35.9k $3.0m | Reduced -8.9k |
| XTX Topco Ltd 0.04% of their portfolio | 35.8k $3.0m | Added +1.4k |
| FORMULA GROWTH LTD 1.07% of their portfolio | 35.8k $3.0m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 35.7k $3.0m | Reduced -5.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 35.5k $3.0m | Reduced -52.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 35.0k $3.0m | Added +14.1k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 34.8k $3.0m | Reduced -11.4k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 32.8k $1.4m | Added +14.5k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 30.8k $2.6m | Added +3.0k |
| Engineers Gate Manager LP 0.03% of their portfolio | 30.4k $2.6m | Reduced -72.4k |
| Legal & General Group Plc 0.00% of their portfolio | 30.1k $2.5m | Reduced -2.4k |
| Swiss National Bank 0.00% of their portfolio | 28.1k $2.4m | Reduced -200 |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 27.9k $2.3m | Added +14.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 27.5k $2.3m | Added +5.8k |
| Aquatic Capital Management LLC 0.08% of their portfolio | 27.3k $2.3m | New |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 26.9k $2.3m | Added +463 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 26.3k $2.2m | Reduced -37.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 25.7k $2.2m | Reduced -3.9k |
| CAPITAL FUND MANAGEMENT S.A. 0.01% of their portfolio | 23.3k $2.0m | New |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio | 23.1k $2.0m | Added +6.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 21.7k $1.8m | Added +14.9k |
| New Age Alpha Advisors, LLC 0.08% of their portfolio | 21.1k $1.8m | Reduced -5.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 20.6k $1.7m | Reduced -4.6k |
| CITIGROUP INC 0.00% of their portfolio | 20.6k $1.7m | Added +7.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 19.8k $1.4m | Reduced -1.1k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 19.1k $1.6m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 18.6k $1.6m | Added +1.2k |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 17.9k $1.5m | New |
| Brevan Howard Capital Management LP 0.02% of their portfolio | 17.8k $1.5m | Added +8.8k |
| NorthCrest Asset Manangement, LLC 0.04% of their portfolio | 17.7k $1.7m | Added +47 |
| SEI INVESTMENTS CO 0.00% of their portfolio | 16.8k $1.4m | Reduced -3.8k |
| Quantbot Technologies LP 0.06% of their portfolio | 16.5k $1.4m | Added +7.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 15.5k $1.3m | Added +1.8k |
| Quantinno Capital Management LP 0.00% of their portfolio | 15.3k $1.3m | Added +5.3k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 13.5k $1.1m | Reduced -2.0k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 13.2k $1.1m | Reduced -16.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 13.0k $1.1m | Reduced -33.1k |
| Jump Financial, LLC 0.01% of their portfolio | 12.8k $1.1m | Added +2.7k |
| BARCLAYS PLC 0.00% of their portfolio | 12.3k $1.0m | Added +3.7k |
| WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio | 12.1k $1.0m | Reduced -5.9k |
| Creative Planning 0.00% of their portfolio | 12.0k $1.0m | Added +4.0k |
| A&I FINANCIAL SERVICES, LLC 0.43% of their portfolio | 11.8k $996.8k | Added +109 |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 11.1k $937.0k | Reduced -1.5k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 9.7k $824.8k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 8.7k $736.1k | Reduced -8.9k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 8.6k $730.0k | Reduced -1.3k |
| Handelsbanken Fonder AB 0.00% of their portfolio | 8.5k $721.0k | Reduced -600 |
| MARSHALL WACE, LLP 0.00% of their portfolio | 8.3k $703.8k | Added +3.4k |
| Inspire Investing, LLC 0.03% of their portfolio | 8.0k $680.9k | Added +469 |
| MAI Capital Management 0.00% of their portfolio | 8.0k $680.7k | Added +171 |
| Illinois Municipal Retirement Fund 0.01% of their portfolio | 7.8k $658.1k | Added +4 |
| MetLife Investment Management, LLC 0.00% of their portfolio | 7.7k $654.7k | Reduced -1.1k |