STEM INC
COM · CUSIP 85859N102
185
institutional holders
-27 vs Q1 2024
79.7m
shares reported held*
$88.7mreported value*
24 new
57 added
50 reduced
54 sold out
net sold ≈ $22.2m (-20.1m 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 ($11.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1.11. Options: 14 managers hold calls ($1.2m notional), 11 hold puts ($1.6m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 220 |
| Q4 2022 | 235 |
| Q1 2023 | 228 |
| Q2 2023 | 228 |
| Q3 2023 | 228 |
| Q4 2023 | 225 |
| Q1 2024 | 212 |
| Q2 2024 | 185 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 117 | 104 |
| Q1 2023 | 133 | 106 |
| Q2 2023 | 130 | 100 |
| Q3 2023 | 104 | 104 |
| Q4 2023 | 91 | 119 |
| Q1 2024 | 94 | 109 |
| Q2 2024 | 81 | 104 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $24.3m | $21.5m | 0.88 |
| Q4 2023 | $14.8m | $13.0m | 0.88 |
| Q1 2024 | $2.7m | $3.2m | 1.16 |
| Q2 2024 | $1.2m | $1.6m | 1.38 |
Biggest buyers
| SIR Capital Management, L.P. | Added | +1.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.2m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Added | +998.1k |
| STATE STREET CORP | Added | +917.7k |
| GSA CAPITAL PARTNERS LLP | Added | +827.9k |
| AQR CAPITAL MANAGEMENT LLC | Added | +764.4k |
| Baird Financial Group, Inc. | Added | +763.5k |
| Prescott Group Capital Management, L.L.C. | New | +690.0k |
| IQ EQ FUND MANAGEMENT (IRELAND) Ltd | Added | +551.5k |
| Squarepoint Ops LLC | Added | +480.2k |
Biggest sellers
| ALKEON CAPITAL MANAGEMENT LLC | Sold out | -7.2m |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Sold out | -3.6m |
| MORGAN STANLEY | Reduced | -3.5m |
| HITE Hedge Asset Management LLC | Sold out | -3.1m |
| WELLINGTON MANAGEMENT GROUP LLP | Sold out | -2.3m |
| CenterBook Partners LP | Sold out | -1.9m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.5m |
| Bridgewater Associates, LP | Reduced | -872.6k |
| Bank of New York Mellon Corp | Reduced | -723.1k |
| JPMORGAN CHASE & CO | Reduced | -510.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $210.8k189.9k shares |
| GROUP ONE TRADING LLC | Added | $164.7k148.4k shares |
| JANE STREET GROUP, LLC | Reduced | $142.6k128.5k shares |
| GTS SECURITIES LLC | Reduced | $137.6k124.0k shares |
| SIMPLEX TRADING, LLC | Added | $114.0k103.6k shares |
| CITADEL ADVISORS LLC | Reduced | $97.6k87.9k shares |
| BANK OF MONTREAL /CAN/ | New | $89.2k75.0k shares |
| WOLVERINE TRADING, LLC | Added | $64.0k57.7k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $55.5k50.0k shares |
| Skaana Management L.P. | Unchanged | $43.3k39.0k shares |
Biggest puts
| WOLVERINE ASSET MANAGEMENT LLC | Added | $701.0k631.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $432.0k389.2k shares |
| CITADEL ADVISORS LLC | Reduced | $146.0k131.5k shares |
| Sculptor Capital LP | Unchanged | $141.4k127.4k shares |
| Skaana Management L.P. | Reduced | $73.6k66.3k shares |
| GROUP ONE TRADING LLC | Added | $47.4k42.7k shares |
| SIMPLEX TRADING, LLC | Added | $27.0k25.1k shares |
| GTS SECURITIES LLC | Reduced | $24.3k21.9k shares |
| JANE STREET GROUP, LLC | New | $21.4k19.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $19.0k17.1k 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 2024
| Manager | Shares | Change |
|---|---|---|
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 13.4m $14.9m | Added +998.1k |
| BlackRock Inc. 0.00% of their portfolio | 10.9m $12.1m | Reduced -401.1k |
| VANGUARD GROUP INC 0.00% of their portfolio | 8.5m $9.5m | Added +353.5k |
| STATE STREET CORP 0.00% of their portfolio | 5.0m $5.5m | Added +917.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.4m $3.8m | Added +266.5k |
| Invesco Ltd. 0.00% of their portfolio | 2.7m $3.0m | Reduced -440.0k |
| ARDSLEY ADVISORY PARTNERS LP 0.35% of their portfolio | 1.8m $1.9m | Reduced -510.0k |
| Rock Point Advisors, LLC 0.54% of their portfolio | 1.6m $1.8m | Added +109.8k |
| SIR Capital Management, L.P. 0.17% of their portfolio | 1.6m $1.8m | Added +1.2m |
| Baird Financial Group, Inc. 0.00% of their portfolio | 1.4m $1.6m | Added +763.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 1.4m $1.5m | Added +1.2m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.2m $1.4m | Added +55.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $1.3m | Reduced -81.4k |
| Lido Advisors, LLC 0.01% of their portfolio | 1.1m $1.2m | Unchanged |
| GSA CAPITAL PARTNERS LLP 0.08% of their portfolio | 1.1m $1.2m | Added +827.9k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 1.0m $1.1m | Added +72.0k |
| NOMURA HOLDINGS INC 0.01% of their portfolio | 944.6k $1.0m | Reduced -380.9k |
| CITIGROUP INC 0.00% of their portfolio | 864.2k $959.3k | Added +104.4k |
| IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.11% of their portfolio | 856.1k $950.3k | Added +551.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 835.7k $927.6k | Added +23.2k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 777.6k $863.2k | Added +764.4k |
| Swiss Life Asset Management Ltd 0.01% of their portfolio | 719.8k $798.8k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 709.2k $787.2k | Reduced -3.5m |
| Prescott Group Capital Management, L.L.C. 0.12% of their portfolio | 690.0k $766.0k | New |
| KBC Group NV 0.00% of their portfolio | 678.0k $753.0k | Added +376.0k |
| LEVIN CAPITAL STRATEGIES, L.P. 0.08% of their portfolio | 660.0k $732.6k | Added +270.0k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 638.4k $708.7k | Added +284.7k |
| COHEN & STEERS, INC. 0.00% of their portfolio | 637.8k $708.0k | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 614.9k $682.6k | Added +353.7k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 575.3k $638.6k | Reduced -54.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 551.3k $612.0k | Reduced -723.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 516.4k $573.0k | Added +2.9k |
| Squarepoint Ops LLC 0.00% of their portfolio | 491.3k $545.3k | Added +480.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 479.3k $532.0k | Reduced -90.5k |
| Bridgewater Associates, LP 0.00% of their portfolio | 475.4k $527.7k | Reduced -872.6k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 474.0k $526.1k | Reduced -334.4k |
| UBS Group AG 0.00% of their portfolio | 432.3k $479.9k | Reduced -382.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 414.5k $460.1k | Reduced -65.6k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 409.5k $454.6k | Added +295.2k |
| Tidal Investments LLC 0.01% of their portfolio | 391.6k $434.7k | Added +269.9k |
| Sanctuary Advisors, LLC 0.00% of their portfolio | 364.8k $667.5k | First filing |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 360.7k $400.4k | Reduced -113.5k |
| Skandinaviska Enskilda Banken AB (publ) 0.00% of their portfolio | 352.5k $391.3k | Reduced -54.7k |
| MIZUHO MARKETS AMERICAS LLC 0.01% of their portfolio | 349.4k $387.8k | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 341.1k $376.0k | Added +300.2k |
| SCP Investment, LP 0.19% of their portfolio | 270.9k $300.7k | Added +148.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 266.4k $295.7k | Reduced -1.5m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 265.0k $294.2k | Added +150.6k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 262.4k $291.3k | Added +21.2k |
| GROUP ONE TRADING LLC 0.01% of their portfolio | 237.3k $263.4k | Added +55.1k |
| AlTi Global, Inc. 0.01% of their portfolio | 217.9k $241.9k | Unchanged |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 210.9k $234.0k | Reduced -8.3k |
| DNB Asset Management AS 0.00% of their portfolio | 209.3k $232.3k | Added +78.4k |
| Maytree Asset Management Ltd 0.21% of their portfolio | 183.5k $203.7k | Reduced -65.2k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 172.2k $191.2k | First filing |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 171.1k $189.9k | Added +3.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 166.1k $185.0k | Added +8.0k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 158.3k $175.7k | Added +24.1k |
| Swedbank AB 0.00% of their portfolio | 158.1k $175.5k | Unchanged |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 152.5k $169.3k | Added +43.6k |
| OPPENHEIMER & CO INC 0.00% of their portfolio | 136.5k $151.5k | Added +101.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 129.6k $143.8k | Reduced -510.1k |
| Sculptor Capital LP 0.00% of their portfolio | 127.4k $141.4k | Unchanged |
| Electron Capital Partners, LLC 0.01% of their portfolio | 125.2k $138.9k | Added +1.9k |
| Steele Capital Management, Inc. 0.01% of their portfolio | 125.0k $138.8k | Unchanged |
| Cetera Investment Advisers 0.00% of their portfolio | 95.0k $105.4k | Added +4.4k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 94.2k $104.6k | Added +31.4k |
| TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio | 91.6k $101.7k | Reduced -171.8k |
| Corebridge Financial, Inc. 0.00% of their portfolio | 81.7k $90.7k | First filing |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 78.1k $86.6k | New |
| BARCLAYS PLC 0.00% of their portfolio | 75.2k $83.4k | Reduced -184.2k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 68.6k $76.0k | Reduced -8.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 59.4k $66.0k | Added +56 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 56.3k $62.5k | Reduced -92 |
| Advisory Services Network, LLC 0.00% of their portfolio | 53.6k $59.5k | Reduced -5.7k |
| Brevan Howard Capital Management LP 0.00% of their portfolio | 47.0k $52.1k | New |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 46.4k $51.6k | Reduced -5.5k |
| Creative Planning 0.00% of their portfolio | 44.6k $49.5k | Reduced -6.6k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 43.6k $48.4k | Added +5.4k |
| Dynamic Technology Lab Private Ltd 0.01% of their portfolio | 42.7k $47.0k | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 40.7k $45.1k | Added +16.5k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 40.5k $45.0k | Added +3.4k |
| Sigma Planning Corp 0.00% of their portfolio | 36.0k $40.0k | Added +15.1k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 34.0k $37.8k | Added +33.6k |
| SG Americas Securities, LLC 0.00% of their portfolio | 33.7k $37.0k | Added +14.3k |
| HB Wealth Management, LLC 0.00% of their portfolio | 31.7k $35.2k | Reduced -120 |
| EMFO, LLC 0.03% of their portfolio | 29.1k $32.3k | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 28.8k $29.9k | Added +4.5k |
| Vident Advisory, LLC 0.00% of their portfolio | 28.6k $31.7k | Unchanged |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 28.5k $31.6k | Added +27.4k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 27.4k $30.5k | Added +16.5k |
| Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio | 26.7k $26.7k | New |
| Aries Wealth Management 0.01% of their portfolio | 26.0k $28.9k | Added +1.0k |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio | 25.5k $28.3k | Reduced -400 |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 24.2k $27.0k | Reduced -2.7k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 21.9k $24.3k | Added +9.3k |
| Savant Capital, LLC 0.00% of their portfolio | 20.3k $22.6k | New |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 19.4k $21.6k | Added +165 |
| ProShare Advisors LLC 0.00% of their portfolio | 19.1k $21.2k | Reduced -6.5k |
| Aberdeen Group plc 0.00% of their portfolio | 17.3k $19.2k | Unchanged |