Vault-13

STEM INC

COM · CUSIP 85859N102

225 institutional holders -3 vs Q3 2023
99,889,16799.9m shares reported held*
$387.6mreported value*
27 new 64 added 82 reduced 37 sold out net sold ≈ $35.5m (-9.2m 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 ($85.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $3.88. Options: 19 managers hold calls ($14.8m notional), 19 hold puts ($13.0m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 220Q4 22: 235Q1 23: 228Q2 23: 228Q3 23: 228Q4 23: 225225Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022220
Q4 2022235
Q1 2023228
Q2 2023228
Q3 2023228
Q4 2023225

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 117 bought or addedQ4 22: 104 cut or sold outQ4 22Q1 23: 133 bought or addedQ1 23: 106 cut or sold outQ1 23Q2 23: 130 bought or addedQ2 23: 100 cut or sold outQ2 23Q3 23: 104 bought or addedQ3 23: 104 cut or sold outQ3 23Q4 23: 91 bought or addedQ4 23: 119 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022117104
Q1 2023133106
Q2 2023130100
Q3 2023104104
Q4 202391119

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ1 23 calls: $14.0mQ1 23 puts: $12.7mQ1 23P/C 0.90Q2 23 calls: $24.0mQ2 23 puts: $21.0mQ2 23P/C 0.88Q3 23 calls: $24.3mQ3 23 puts: $21.5mQ3 23P/C 0.88Q4 23 calls: $14.8mQ4 23 puts: $13.0mQ4 23P/C 0.88
Numbers
QuarterCallsPutsP/C
Q1 2023$14.0m$12.7m0.90
Q2 2023$24.0m$21.0m0.88
Q3 2023$24.3m$21.5m0.88
Q4 2023$14.8m$13.0m0.88

Biggest buyers

ALKEON CAPITAL MANAGEMENT LLC Added +3,300,000+3.3m
GOLDMAN SACHS GROUP INC Added +1,018,605+1.0m
MORGAN STANLEY Added +878,606+878.6k
BlackRock Inc. Added +872,122+872.1k
Rock Point Advisors, LLC Added +720,080+720.1k
Sculptor Capital LP New +539,500+539.5k
Bank of New York Mellon Corp Added +485,469+485.5k
STATE STREET CORP Added +460,688+460.7k
JANE STREET GROUP, LLC Added +400,000+400.0k
HSBC HOLDINGS PLC Added +381,864+381.9k

Biggest sellers

Electron Capital Partners, LLC Sold out -4,978,739-5.0m
VANGUARD GROUP INC Reduced -2,641,184-2.6m
WELLINGTON MANAGEMENT GROUP LLP Reduced -2,244,956-2.2m
CIBC Private Wealth Group LLC Reduced -2,204,752-2.2m
Point72 Asset Management, L.P. Reduced -2,154,800-2.2m
NORGES BANK Reduced -1,566,524-1.6m
Erste Asset Management GmbH Reduced -1,007,321-1.0m
LEVIN CAPITAL STRATEGIES, L.P. Reduced -828,792-828.8k
BANK OF MONTREAL /CAN/ Reduced -501,394-501.4k
DECADE RENEWABLE PARTNERS LP Sold out -496,375-496.4k

Biggest calls

CITADEL ADVISORS LLC Reduced $3.0m771.4k shares
JANE STREET GROUP, LLC Added $2.3m598.0k shares
SIMPLEX TRADING, LLC Added $2.1m541.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.9m490.0k shares
GROUP ONE TRADING LLC Reduced $1.3m334.9k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $1.2m322.1k shares
HSBC HOLDINGS PLC Reduced $793.9k204.1k shares
GTS SECURITIES LLC Reduced $602.6k155.3k shares
Skaana Management L.P. Added $557.9k143.8k shares
D. E. Shaw & Co., Inc. Added $237.5k61.2k shares

Biggest puts

GOLDMAN SACHS GROUP INC Reduced $3.8m977.6k shares
WOLVERINE ASSET MANAGEMENT LLC Reduced $2.6m669.4k shares
Sculptor Capital LP Reduced $2.1m539.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.9m500.1k shares
BANK OF AMERICA CORP /DE/ Added $970.0k250.0k shares
CITADEL ADVISORS LLC Reduced $412.1k106.2k shares
Point72 Asset Management, L.P. Unchanged $388.0k100.0k shares
GTS SECURITIES LLC Added $179.6k46.3k shares
Cubist Systematic Strategies, LLC Reduced $136.2k35.1k shares
BANK OF MONTREAL /CAN/ Reduced $121.4k30.5k 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SCHRODER INVESTMENT MANAGEMENT GROUP 0.06% of their portfolio London, X0 11,431,32011.4m $44.4m $44.4m 0.06% Added +360.2k +360,232
2 BlackRock Inc. 0.00% of their portfolio New York, NY 11,203,57311.2m $43.5m $43.5m 0.00% Added +872.1k +872,122
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 11,123,92411.1m $43.2m $43.2m 0.00% Reduced -2.6m -2,641,184
4 ALKEON CAPITAL MANAGEMENT LLC 0.18% of their portfolio New York, NY 7,188,6127.2m $27.9m $27.9m 0.18% Added +3.3m +3,300,000
5 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.07% of their portfolio Paris, I0 6,637,6256.6m $25.8m $25.8m 0.07% Added +296.3k +296,291
6 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,783,3833.8m $14.7m $14.7m 0.00% Added +460.7k +460,688
7 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 3,114,3273.1m $12.1m $12.1m 0.00% Added +170.8k +170,825
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,934,3482.9m $11.4m $11.4m 0.00% Added +878.6k +878,606
9 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 2,669,7092.7m $10.4m $10.4m 0.00% Added +1.0m +1,018,605
10 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 2,518,6262.5m $9.8m $9.8m 0.00% Added +342.5k +342,514
11 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,594,7081.6m $6.2m $6.2m 0.00% Reduced -2.2m -2,244,956
12 ARDSLEY ADVISORY PARTNERS LP 1.18% of their portfolio Norwalk, CT 1,420,0001.4m $5.5m $5.5m 1.18% Added +360.0k +360,000
13 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 1,413,5761.4m $5.5m $5.5m 0.01% Reduced -113.4k -113,380
14 Rock Point Advisors, LLC 1.66% of their portfolio BURLINGTON, VT 1,407,5251.4m $5.5m $5.5m 1.66% Added +720.1k +720,080
15 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,282,0351.3m $5.0m $5.0m 0.00% Reduced -28.5k -28,467
16 NOMURA HOLDINGS INC 0.04% of their portfolio TOKYO, M0 1,196,9561.2m $4.6m $4.6m 0.04% Added +103.3k +103,325
17 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,132,3871.1m $4.4m $4.4m 0.00% Added +485.5k +485,469
18 Lido Advisors, LLC 0.04% of their portfolio Los Angeles, CA 1,075,7721.1m $4.2m $4.2m 0.04% Unchanged
19 Yaupon Capital Management LP 0.44% of their portfolio NEW YORK, NY 1,055,0411.1m $4.1m $4.1m 0.44% Added +175.6k +175,560
20 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 999,530999.5k $3.9m $3.9m 0.00% Reduced -128.3k -128,270
21 Autonomy Capital (Jersey) L.P. 6.79% of their portfolio ST. HELIER, Y9 959,037959.0k $3.7m $3.7m 6.79% Unchanged
22 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 849,178849.2k $3.3m $3.3m 0.01% Added +32.9k +32,883
23 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 783,764783.8k $3.0m $3.0m 0.00% Reduced -80.9k -80,867
24 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 779,160779.2k $3.0m $3.0m 0.00% Reduced -263.1k -263,083
25 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 754,948754.9k $2.9m $2.9m 0.00% Added +69.5k +69,496
26 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 686,757686.8k $2.7m $2.7m 0.00% Reduced -55.9k -55,880
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 670,847670.8k $2.6m $2.6m 0.00% Reduced -37.6k -37,588
28 COHEN & STEERS, INC. 0.01% of their portfolio NEW YORK, NY 637,750637.8k $2.5m $2.5m 0.01% Unchanged
29 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 606,566606.6k $2.4m $2.4m 0.00% Reduced -14.2k -14,243
30 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 575,319575.3k $2.2m $2.2m 0.00% Reduced -30.4k -30,403
31 Swiss Life Asset Management Ltd 0.03% of their portfolio Zurich, V8 561,740561.7k $2.2m $2.2m 0.03% Added +164.5k +164,473
32 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 559,342559.3k $2.2m $2.2m 0.00% Added +94.8k +94,774
33 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 546,796546.8k $2.1m $2.1m 0.00% Added +2.6k +2,599
34 Sculptor Capital LP 0.05% of their portfolio New York, NY 539,500539.5k $2.1m $2.1m 0.05% New
35 NICOLA WEALTH MANAGEMENT LTD. 0.22% of their portfolio VANCOUVER, A1 535,000535.0k $2.1m $2.1m 0.22% Added +45.0k +45,000
36 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 533,266533.3k $2.1m $2.1m 0.00% Reduced -28.6k -28,622
37 ALPS ADVISORS INC 0.02% of their portfolio Denver, CO 513,002513.0k $2.0m $2.0m 0.02% Reduced -82.5k -82,535
38 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 498,396498.4k $1.9m $1.9m 0.00% Added +381.9k +381,864
39 Amundi 0.00% of their portfolio Paris, I0 486,609486.6k $1.8m $1.8m 0.00% Reduced -208.3k -208,263
40 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 483,898483.9k $1.9m $1.9m 0.00% Reduced -66.9k -66,900
41 Skandinaviska Enskilda Banken AB (publ) 0.01% of their portfolio STOCKHOLM, V7 481,770481.8k $1.9m $1.9m 0.01% Reduced -18.2k -18,152
42 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 438,346438.3k $1.7m $1.7m 0.00% Added +400.0k +400,000
43 TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio STAMFORD, CT 401,296401.3k $1.6m $1.6m 0.02% Added +376.6k +376,638
44 Swedbank AB 0.00% of their portfolio STOCKHOLM, V7 386,100386.1k $1.5m $1.5m 0.00% Unchanged
45 Erste Asset Management GmbH 0.02% of their portfolio VIENNA, C4 357,424357.4k $1.4m $1.4m 0.02% Reduced -1.0m -1,007,321
46 MIZUHO MARKETS AMERICAS LLC 0.04% of their portfolio NEW YORK, NY 349,390349.4k $1.4m $1.4m 0.04% Reduced -68.0k -68,000
47 SCP Investment, LP 0.56% of their portfolio ORINDA, CA 345,200345.2k $1.5m $1.5m 0.56% Added +15.6k +15,600
48 Clear Sky Carbon Solutions Investment Management, LLC 0.62% of their portfolio BELLAIRE, TX 342,839342.8k $1.3m $1.3m 0.62% New
49 HITE Hedge Asset Management LLC 0.14% of their portfolio BRAINTREE, MA 341,821341.8k $1.3m $1.3m 0.14% Reduced -387.4k -387,430
50 Symmetry Investments LP 0.23% of their portfolio ST HELIER, Y9 329,065329.1k $1.3m $1.3m 0.23% Added +195.4k +195,404
51 Insight Wealth Strategies, LLC 0.21% of their portfolio SAN RAMON, CA 328,364328.4k $1.3m $1.3m 0.21% Added +156.8k +156,760
52 IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.14% of their portfolio DUBLIN 2, L2 310,298310.3k $1.2m $1.2m 0.14% Added +292.7k +292,670
53 Swiss National Bank 0.00% of their portfolio ZURICH, V8 291,700291.7k $1.1m $1.1m 0.00% Reduced -33.1k -33,100
54 NORGES BANK 0.00% of their portfolio OSLO, Q8 261,610261.6k $1.0m $1.0m 0.00% Reduced -1.6m -1,566,524
55 Vontobel Holding Ltd. 0.01% of their portfolio ZURICH, V8 253,800253.8k $984.7k $984.7k 0.01% Reduced -158.2k -158,200
56 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 253,530253.5k $983.7k $983.7k 0.00% Reduced -4.9k -4,934
57 Maytree Asset Management Ltd 1.22% of their portfolio HONG KONG, K3 248,702248.7k $965.0k $965.0k 1.22% Unchanged
58 Bridgewater Associates, LP 0.00% of their portfolio Westport, CT 229,555229.6k $890.7k $890.7k 0.00% New
59 AlTi Global, Inc. 0.03% of their portfolio NEW YORK, NY 217,940217.9k $845.6k $845.6k 0.03% First filing
60 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 206,910206.9k $802.8k $802.8k 0.00% Added +206.9k +206,870
61 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 196,928196.9k $764.1k $764.1k 0.00% Added +16.9k +16,942
62 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 0.07% of their portfolio DALLAS, TX 196,900196.9k $764.0k $764.0k 0.07% Reduced -205.6k -205,635
63 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 188,162188.2k $730.1k $730.1k 0.00% Added +26.1k +26,086
64 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 170,253170.3k $660.6k $660.6k 0.00% Reduced -87.8k -87,787
65 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 155,331155.3k $602.7k $602.7k 0.00% Reduced -6.6k -6,615
66 IPG Investment Advisors LLC 0.12% of their portfolio SAN DIEGO, CA 150,000150.0k $582.0k $582.0k 0.12% New
67 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 145,289145.3k $563.7k $563.7k 0.00% Added +27.2k +27,212
68 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio TORONTO, A6 144,595144.6k $561.0k $561.0k 0.00% Added +12.1k +12,113
69 Legal & General Group Plc 0.00% of their portfolio London, X0 139,274139.3k $540.4k $540.4k 0.00% Unchanged
70 LEVIN CAPITAL STRATEGIES, L.P. 0.06% of their portfolio NEW YORK, NY 128,020128.0k $496.7k $496.7k 0.06% Reduced -828.8k -828,792
71 Perigon Wealth Management, LLC 0.02% of their portfolio SAN FRANCISCO, CA 126,817126.8k $492.1k $492.1k 0.02% Reduced -2.3k -2,283
72 Susquehanna Portfolio Strategies, LLC 0.01% of their portfolio Bala Cynwyd, PA 126,665126.7k $491.5k $491.5k 0.01% First filing
73 DNB Asset Management AS 0.00% of their portfolio Oslo, Q8 126,568126.6k $491.1k $491.1k 0.00% Added +49.3k +49,256
74 Steele Capital Management, Inc. 0.03% of their portfolio DUBUQUE, IA 125,000125.0k $485.0k $485.0k 0.03% First filing
75 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 117,827117.8k $457.2k $457.2k 0.00% Reduced -20.7k -20,673
76 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 116,932116.9k $453.7k $453.7k 0.00% Reduced -76.5k -76,462
77 Engineers Gate Manager LP 0.01% of their portfolio NEW YORK, NY 115,438115.4k $447.9k $447.9k 0.01% New
78 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 113,957114.0k $442.2k $442.2k 0.00% New
79 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 108,788108.8k $422.1k $422.1k 0.00% Reduced -24.6k -24,620
80 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 108,389108.4k $421.0k $421.0k 0.00% Added +20.3k +20,294
81 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 105,923105.9k $411.0k $411.0k 0.00% Reduced -2.2m -2,154,800
82 Clarity Capital Partners LLC 0.28% of their portfolio Newport Beach, CA 101,025101.0k $392.0k $392.0k 0.28% First filing
83 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 97,80997.8k $379.0k $379.0k 0.00% New
84 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 95,37595.4k $370.1k $370.1k 0.00% Added +13.7k +13,742
85 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 76,95877.0k $298.6k $298.6k 0.00% Unchanged
86 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 74,85874.9k $290.1k $290.1k 0.00% Reduced -104 -104
87 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 71,82071.8k $278.7k $278.7k 0.00% Added +2.0k +2,000
88 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 70,81370.8k $274.8k $274.8k 0.00% Reduced -287 -287
89 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 63,21763.2k $245.0k $245.0k 0.00% Added +1.7k +1,672
90 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 59,49159.5k $230.8k $230.8k 0.00% Added +3.9k +3,855
91 Virtu Financial LLC 0.02% of their portfolio New York, NY 58,72058.7k $228.0k $228.0k 0.02% New
92 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 57,81257.8k $224.3k $224.3k 0.01% Reduced -4.5k -4,516
93 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 56,19556.2k $218.0k $218.0k 0.00% Unchanged
94 Ulland Investment Advisors, LLC 0.21% of their portfolio MINNEAPOLIS, MN 54,87554.9k $213.0k $213.0k 0.21% Reduced -18.3k -18,275
95 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 53,86253.9k $209.0k $209.0k 0.00% New
96 Man Group plc 0.00% of their portfolio LONDON, X0 51,15451.2k $198.5k $198.5k 0.00% New
97 Ursa Fund Management, LLC 0.38% of their portfolio Danville, CA 50,00050.0k $194.0k $194.0k 0.38% New
98 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 47,92347.9k $185.9k $185.9k 0.00% Added +19.4k +19,397
99 FLPUTNAM INVESTMENT MANAGEMENT CO 0.00% of their portfolio PORTLAND, ME 45,66945.7k $177.2k $177.2k 0.00% Reduced -1.5k -1,497
100 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 43,89943.9k $170.3k $170.3k 0.00% Reduced -71.1k -71,100