Vault-13

SOVOS BRANDS INC

COM · Common Stock · CUSIP 84612U107

135 institutional holders +23 vs Q1 2023
93,441,86793.4m shares reported held*
$1.8bnreported value*
36 new 61 added 24 reduced 14 sold out net sold ≈ $83.0m (-4.2m shares)

* 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 ($321.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $19.56. Options: 4 managers hold calls ($325.8k notional), 2 hold puts ($70.4k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 97Q4 22: 95Q1 23: 112Q2 23: 135135Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202297
Q4 202295
Q1 2023112
Q2 2023135

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 48 bought or addedQ4 22: 51 cut or sold outQ4 22Q1 23: 73 bought or addedQ1 23: 42 cut or sold outQ1 23Q2 23: 97 bought or addedQ2 23: 38 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20224851
Q1 20237342
Q2 20239738

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1m$2m$3mQ3 22 calls: $2.2mQ3 22 puts: $0Q3 22P/C 0.00Q4 22 calls: $355.0kQ4 22 puts: $0Q4 22P/C 0.00Q1 23 calls: $69.4kQ1 23 puts: $15.0kQ1 23P/C 0.22Q2 23 calls: $325.8kQ2 23 puts: $70.4kQ2 23P/C 0.22
Numbers
QuarterCallsPutsP/C
Q3 2022$2.2m$00.00
Q4 2022$355.0k$00.00
Q1 2023$69.4k$15.0k0.22
Q2 2023$325.8k$70.4k0.22

Biggest buyers

Driehaus Capital Management LLC Added +1,190,923+1.2m
VANGUARD GROUP INC Added +921,202+921.2k
D. E. Shaw & Co., Inc. Added +749,467+749.5k
BlackRock Inc. Added +698,905+698.9k
MORGAN STANLEY Added +665,665+665.7k
TWO SIGMA INVESTMENTS, LP Added +514,190+514.2k
TWO SIGMA ADVISERS, LP New +451,300+451.3k
MARSHALL WACE, LLP Added +397,321+397.3k
Cercano Management LLC Added +390,157+390.2k
CITADEL ADVISORS LLC Added +372,927+372.9k

Biggest sellers

Advent International, L.P. Reduced -11,150,000-11.2m
FMR LLC Reduced -2,870,831-2.9m
WELLINGTON MANAGEMENT GROUP LLP Reduced -570,586-570.6k
Moody Aldrich Partners LLC Sold out -300,018-300.0k
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -250,768-250.8k
Clearbridge Investments, LLC Reduced -142,653-142.7k
PEAK6 Investments LLC Sold out -133,360-133.4k
Weiss Multi-Strategy Advisers LLC Reduced -111,540-111.5k
AMERICAN CENTURY COMPANIES INC Reduced -95,763-95.8k
CORNERCAP INVESTMENT COUNSEL INC Sold out -72,465-72.5k

Biggest calls

CITADEL ADVISORS LLC Added $316.9k16.2k shares
SIMPLEX TRADING, LLC Reduced $5.0k300 shares
GROUP ONE TRADING LLC New $3.9k200 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $70.4k3.6k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Advent International, L.P. 9.65% of their portfolio BOSTON, MA 42,612,15442.6m $833.5m $833.5m 9.65% Reduced -11.2m -11,150,000
2 WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio Boston, MA 5,638,9565.6m $110.3m $110.3m 0.02% Reduced -570.6k -570,586
3 Capital World Investors 0.02% of their portfolio LOS ANGELES, CA 5,357,9325.4m $104.8m $104.8m 0.02% Unchanged
4 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 4,652,0644.7m $91.0m $91.0m 0.00% Added +921.2k +921,202
5 BlackRock Inc. 0.00% of their portfolio New York, NY 4,237,3784.2m $82.9m $82.9m 0.00% Added +698.9k +698,905
6 FMR LLC 0.01% of their portfolio BOSTON, MA 3,380,7833.4m $66.1m $66.1m 0.01% Reduced -2.9m -2,870,831
7 Champlain Investment Partners, LLC 0.38% of their portfolio BURLINGTON, VT 3,173,4203.2m $62.1m $62.1m 0.38% Added +161.8k +161,845
8 LOOMIS SAYLES & CO L P 0.07% of their portfolio BOSTON, MA 2,229,2362.2m $43.6m $43.6m 0.07% Added +354.9k +354,891
9 Driehaus Capital Management LLC 0.46% of their portfolio Chicago, IL 1,855,2271.9m $36.3m $36.3m 0.46% Added +1.2m +1,190,923
10 Ranger Investment Management, L.P. 1.65% of their portfolio DALLAS, TX 1,400,3791.4m $27.4m $27.4m 1.65% Added +54.2k +54,194
11 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 1,023,0251.0m $20.0m $20.0m 0.03% Reduced -250.8k -250,768
12 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 950,475950.5k $18.6m $18.6m 0.00% Added +135.7k +135,660
13 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 914,219914.2k $17.9m $17.9m 0.02% Reduced -37.4k -37,402
14 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 907,419907.4k $17.8m $17.8m 0.01% Added +318.5k +318,461
15 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 826,869826.9k $16.2m $16.2m 0.03% Added +749.5k +749,467
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 818,389818.4k $16.0m $16.0m 0.00% Added +76.0k +76,017
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 747,441747.4k $14.6m $14.6m 0.00% Added +665.7k +665,665
18 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 740,015740.0k $14.5m $14.5m 0.01% Reduced -95.8k -95,763
19 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 656,961657.0k $12.9m $12.9m 0.02% Added +32.2k +32,244
20 Cercano Management LLC 0.39% of their portfolio BELLEVUE, WA 579,957580.0k $11.3m $11.3m 0.39% Added +390.2k +390,157
21 Clearbridge Investments, LLC 0.01% of their portfolio NEW YORK, NY 573,107573.1k $11.2m $11.2m 0.01% Reduced -142.7k -142,653
22 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 560,731560.7k $11.0m $11.0m 0.02% Added +397.3k +397,321
23 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 549,390549.4k $10.7m $10.7m 0.03% Added +514.2k +514,190
24 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 451,300451.3k $8.8m $8.8m 0.02% New
25 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 429,668429.7k $8.4m $8.4m 0.00% Added +335.4k +335,427
26 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 427,600427.6k $8.4m $8.4m 0.01% Added +259.7k +259,700
27 THORNBURG INVESTMENT MANAGEMENT INC 0.13% of their portfolio SANTA FE, NM 405,401405.4k $7.9m $7.9m 0.13% Added +6.5k +6,483
28 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 404,954405.0k $7.9m $7.9m 0.01% Added +372.9k +372,927
29 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 377,960378.0k $7.4m $7.4m 0.00% Added +38.6k +38,626
30 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 372,962373.0k $7.3m $7.3m 0.00% Added +286.5k +286,537
31 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 342,784342.8k $6.7m $6.7m 0.00% Added +59.9k +59,855
32 Lisanti Capital Growth, LLC 0.91% of their portfolio NEW YORK, NY 334,430334.4k $6.5m $6.5m 0.91% New
33 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 326,405326.4k $6.4m $6.4m 0.01% Added +315.0k +314,961
34 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 303,080303.1k $5.9m $5.9m 0.00% Added +228.3k +228,260
35 ALGERT GLOBAL LLC 0.21% of their portfolio SAN FRANCISCO, CA 251,126251.1k $4.9m $4.9m 0.21% Added +110.9k +110,900
36 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio JUPITER, FL 238,089238.1k $4.7m $4.7m 0.02% New
37 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.03% of their portfolio NEW YORK, NY 233,773233.8k $4.6m $4.6m 0.03% New
38 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 209,965210.0k $4.1m $4.1m 0.00% Added +154.3k +154,322
39 Ghisallo Capital Management LLC 0.47% of their portfolio BOSTON, MA 200,000200.0k $3.9m $3.9m 0.47% New
40 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 191,352191.4k $3.7m $3.7m 0.00% Added +115.1k +115,071
41 NORGES BANK 0.00% of their portfolio OSLO, Q8 180,040180.0k $3.5m $3.5m 0.00% Not comparable
42 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 179,198179.2k $3.5m $3.5m 0.00% Added +11.3k +11,312
43 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 162,572162.6k $3.2m $3.2m 0.00% Added +141.4k +141,402
44 Informed Momentum Co LLC 0.56% of their portfolio SOLANA BEACH, CA 155,061155.1k $3.0m $3.0m 0.56% Added +86.6k +86,585
45 Weiss Multi-Strategy Advisers LLC 0.06% of their portfolio NEW YORK, NY 134,017134.0k $2.6m $2.6m 0.06% Reduced -111.5k -111,540
46 Boston Partners 0.00% of their portfolio BOSTON, MA 123,775123.8k $2.4m $2.4m 0.00% Reduced -7.7k -7,747
47 Engineers Gate Manager LP 0.08% of their portfolio NEW YORK, NY 111,995112.0k $2.2m $2.2m 0.08% New
48 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 103,500103.5k $2.0m $2.0m 0.00% Added +85.0k +84,976
49 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.02% of their portfolio FRANKFORT, KY 99,07899.1k $1.9m $1.9m 0.02% Reduced -30.3k -30,279
50 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 89,05689.1k $1.7m $1.7m 0.00% Added +18.6k +18,564
51 Swiss National Bank 0.00% of their portfolio ZURICH, V8 87,30087.3k $1.7m $1.7m 0.00% Added +21.9k +21,900
52 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 87,17787.2k $1.7m $1.7m 0.01% Added +9.9k +9,908
53 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 77,94677.9k $1.5m $1.5m 0.00% Added +53.3k +53,347
54 Jump Financial, LLC 0.05% of their portfolio Chicago, IL 75,57475.6k $1.5m $1.5m 0.05% New
55 HUNTER ASSOCIATES INVESTMENT MANAGEMENT LLC 0.27% of their portfolio PITTSBURGH, PA 69,79369.8k $1.4m $1.4m 0.27% Added +29.3k +29,313
56 ExodusPoint Capital Management, LP 0.01% of their portfolio NEW YORK, NY 64,94564.9k $1.3m $1.3m 0.01% New
57 Numerai GP LLC 0.25% of their portfolio SAN FRANCISCO, CA 61,44361.4k $1.2m $1.2m 0.25% New
58 Cubist Systematic Strategies, LLC 0.01% of their portfolio STAMFORD, CT 58,19658.2k $1.1m $1.1m 0.01% New
59 UBS Group AG 0.00% of their portfolio ZURICH, V8 58,02658.0k $1.1m $1.1m 0.00% Added +55.7k +55,726
60 Trexquant Investment LP 0.03% of their portfolio STAMFORD, CT 55,35455.4k $1.1m $1.1m 0.03% Reduced -17.5k -17,524
61 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 55,28755.3k $1.1m $1.1m 0.02% Added +44.6k +44,620
62 WESBANCO BANK INC 0.04% of their portfolio WHEELING, WV 54,31354.3k $1.1m $1.1m 0.04% Unchanged
63 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 53,66653.7k $1.0m $1.0m 0.00% Added +818 +818
64 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 52,14452.1k $1.0m $1.0m 0.00% New
65 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 52,10952.1k $1.0m $1.0m 0.00% New
66 MARTINGALE ASSET MANAGEMENT L P 0.02% of their portfolio BOSTON, MA 49,92449.9k $976.5k $976.5k 0.02% Unchanged
67 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.13% of their portfolio Englewood, NJ 48,86348.9k $955.8k $955.8k 0.13% New
68 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 48,67048.7k $952.0k $952.0k 0.00% Added +12.9k +12,852
69 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 48,47948.5k $948.2k $948.2k 0.00% Added +7.6k +7,627
70 PDT Partners, LLC 0.13% of their portfolio New York, NY 46,64346.6k $912.3k $912.3k 0.13% Added +11.2k +11,219
71 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 44,71744.7k $874.7k $874.7k 0.00% New
72 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 44,65944.7k $873.6k $873.6k 0.00% Reduced -19.4k -19,437
73 Quadrature Capital Ltd 0.02% of their portfolio LONDON, X0 43,81543.8k $857.7k $857.7k 0.02% New
74 Graham Capital Management, L.P. 0.03% of their portfolio ROWAYTON, CT 42,86042.9k $838.3k $838.3k 0.03% Added +27.3k +27,282
75 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 42,51142.5k $831.5k $831.5k 0.00% Reduced -17.6k -17,575
76 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 42,41942.4k $829.7k $829.7k 0.00% Reduced -6.7k -6,748
77 GLENMEDE TRUST CO NA 0.00% of their portfolio PHILADELPHIA, PA 38,87038.9k $648.4k $648.4k 0.00% Unchanged
78 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 37,72037.7k $737.8k $737.8k 0.00% Added +12.8k +12,820
79 Nebula Research & Development LLC 0.47% of their portfolio New York, NY 31,49831.5k $616.1k $616.1k 0.47% New
80 Legal & General Group Plc 0.00% of their portfolio London, X0 30,59930.6k $598.5k $598.5k 0.00% Added +17.6k +17,635
81 Quantbot Technologies LP 0.04% of their portfolio NEW YORK, NY 29,36229.4k $574.3k $574.3k 0.04% New
82 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 25,28925.3k $494.7k $494.7k 0.01% New
83 Mariner, LLC 0.00% of their portfolio Overland Park, KS 23,97824.0k $469.0k $469.0k 0.00% Added +936 +936
84 Legato Capital Management LLC 0.06% of their portfolio San Francisco, CA 23,78023.8k $465.1k $465.1k 0.06% New
85 LEVEL FOUR ADVISORY SERVICES, LLC 0.03% of their portfolio DALLAS, TX 23,54523.5k $460.5k $460.5k 0.03% New
86 Ameritas Advisory Services, LLC 0.06% of their portfolio Lincoln, NE 22,83922.8k $436.7k $436.7k 0.06% Added +3.4k +3,361
87 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 22,16922.2k $369.8k $369.8k 0.00% Unchanged
88 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 21,95322.0k $429.4k $429.4k 0.00% Unchanged
89 First City Capital Management, Inc. 0.25% of their portfolio SAVANNAH, GA 21,50021.5k $420.5k $420.5k 0.25% New
90 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 20,12620.1k $393.7k $393.7k 0.00% Reduced -248 -248
91 Bayesian Capital Management, LP 0.04% of their portfolio Brooklyn, NY 20,04120.0k $392.0k $392.0k 0.04% New
92 DIVERSIFIED TRUST CO 0.01% of their portfolio MEMPHIS, TN 19,41419.4k $379.7k $379.7k 0.01% Added +1.6k +1,600
93 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 19,11919.1k $374.0k $374.0k 0.00% Added +628 +628
94 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 18,65018.6k $364.8k $364.8k 0.00% Added +9.4k +9,394
95 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 18,53818.5k $362.6k $362.6k 0.00% Unchanged
96 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 18,41618.4k $360.2k $360.2k 0.00% New
97 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 17,81517.8k $349.8k $349.8k 0.00% Reduced -92 -92
98 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 17,16917.2k $335.8k $335.8k 0.00% Added +1.2k +1,161
99 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 16,87016.9k $330.0k $330.0k 0.00% New
100 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 16,49316.5k $322.6k $322.6k 0.00% Added +15.1k +15,140