Vault-13

SUMMIT MATLS INC SUM

CL A · Common Stock · CUSIP 86614U100

269 institutional holders +23 vs Q1 2023
121,383,038121.4m shares reported held*
$4.6bnreported value*
53 new 84 added 83 reduced 31 sold out net sold ≈ $188.4m (-4.9m 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 ($13.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $37.82. Options: 9 managers hold calls ($8.6m notional), 6 hold puts ($2.4m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 243Q4 22: 243Q1 23: 246Q2 23: 269269Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022243
Q4 2022243
Q1 2023246
Q2 2023269

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 153 bought or addedQ4 22: 107 cut or sold outQ4 22Q1 23: 102 bought or addedQ1 23: 131 cut or sold outQ1 23Q2 23: 137 bought or addedQ2 23: 114 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022153107
Q1 2023102131
Q2 2023137114

Calls vs puts

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

CallsPuts
$0$2.5m$5m$7.5m$10mQ3 22 calls: $4.7mQ3 22 puts: $38.0kQ3 22P/C 0.01Q4 22 calls: $5.1mQ4 22 puts: $5.7mQ4 22P/C 1.12Q1 23 calls: $2.5mQ1 23 puts: $310.6kQ1 23P/C 0.13Q2 23 calls: $8.6mQ2 23 puts: $2.4mQ2 23P/C 0.28
Numbers
QuarterCallsPutsP/C
Q3 2022$4.7m$38.0k0.01
Q4 2022$5.1m$5.7m1.12
Q1 2023$2.5m$310.6k0.13
Q2 2023$8.6m$2.4m0.28

Biggest buyers

MASSACHUSETTS FINANCIAL SERVICES CO /MA/ New +2,390,384+2.4m
WESTWOOD HOLDINGS GROUP INC New +1,005,122+1.0m
Nuveen Asset Management, LLC Added +882,720+882.7k
FRED ALGER MANAGEMENT, LLC New +635,637+635.6k
Driehaus Capital Management LLC New +592,982+593.0k
VICTORY CAPITAL MANAGEMENT INC Added +529,798+529.8k
CITADEL ADVISORS LLC Added +492,648+492.6k
BlackRock Inc. Added +485,086+485.1k
MACQUARIE GROUP LTD Added +266,304+266.3k
D. E. Shaw & Co., Inc. Added +165,639+165.6k

Biggest sellers

FMR LLC Reduced -6,244,122-6.2m
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -3,252,360-3.3m
FRANKLIN RESOURCES INC Reduced -990,165-990.2k
JENNISON ASSOCIATES LLC Reduced -401,475-401.5k
ExodusPoint Capital Management, LP Reduced -373,151-373.2k
Thrivent Financial for Lutherans Reduced -302,254-302.3k
AMERICAN CENTURY COMPANIES INC Reduced -293,829-293.8k
DG Capital Management, LLC Reduced -283,524-283.5k
Lodge Hill Capital, LLC Reduced -283,000-283.0k
Orchard Capital Management, LLC Reduced -185,567-185.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.7m98.1k shares
Caption Management, LLC New $1.9m50.0k shares
BANK OF MONTREAL /CAN/ Unchanged $1.4m38.0k shares
GROUP ONE TRADING LLC Added $564.0k14.9k shares
CITADEL ADVISORS LLC Reduced $495.8k13.1k shares
WOLVERINE TRADING, LLC New $232.7k6.2k shares
Walleye Trading LLC New $132.5k3.5k shares
SIMPLEX TRADING, LLC Added $98.0k2.6k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

WOLVERINE TRADING, LLC New $1.5m39.1k shares
Walleye Trading LLC New $423.9k11.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $253.6k6.7k shares
CITADEL ADVISORS LLC Reduced $204.4k5.4k shares
SIMPLEX TRADING, LLC New $26.0k700 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 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 11,788,36711.8m $446.2m $446.2m 0.01% Reduced -83.8k -83,767
2 BlackRock Inc. 0.01% of their portfolio New York, NY 9,616,3299.6m $364.0m $364.0m 0.01% Added +485.1k +485,086
3 Capital International Investors 0.07% of their portfolio Los Angeles, CA 7,454,0347.5m $282.1m $282.1m 0.07% Added +1.9k +1,861
4 DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio AUSTIN, TX 5,979,2616.0m $226.3m $226.3m 0.07% Reduced -148.1k -148,066
5 MACQUARIE GROUP LTD 0.24% of their portfolio Sydney, NSW 2000, C3 5,500,1335.5m $208.2m $208.2m 0.24% Added +266.3k +266,304
6 PRINCIPAL FINANCIAL GROUP INC 0.13% of their portfolio DES MOINES, IA 5,145,2655.1m $194.7m $194.7m 0.13% Added +34.8k +34,771
7 PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio BALTIMORE, MD 5,049,0675.0m $191.1m $191.1m 0.03% Reduced -3.3m -3,252,360
8 VICTORY CAPITAL MANAGEMENT INC 0.17% of their portfolio San Antonio, TX 3,964,2284.0m $150.0m $150.0m 0.17% Added +529.8k +529,798
9 Invesco Ltd. 0.04% of their portfolio ATLANTA, GA 3,610,0523.6m $136.6m $136.6m 0.04% Added +21.2k +21,158
10 JANUS HENDERSON GROUP PLC 0.08% of their portfolio LONDON, X0 3,282,3173.3m $124.2m $124.2m 0.08% Reduced -1.7k -1,676
11 FMR LLC 0.01% of their portfolio BOSTON, MA 3,166,5523.2m $119.9m $119.9m 0.01% Reduced -6.2m -6,244,122
12 Clearbridge Investments, LLC 0.10% of their portfolio NEW YORK, NY 3,027,0373.0m $114.6m $114.6m 0.10% Reduced -164.2k -164,214
13 Nuveen Asset Management, LLC 0.03% of their portfolio CHICAGO, IL 2,632,6672.6m $99.6m $99.6m 0.03% Added +882.7k +882,720
14 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 2,562,2232.6m $97.0m $97.0m 0.01% Added +51.8k +51,751
15 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio Boston, MA 2,390,3842.4m $90.5m $90.5m 0.03% New
16 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 2,356,8402.4m $89.2m $89.2m 0.03% Reduced -47.9k -47,851
17 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 2,331,7582.3m $88.3m $88.3m 0.01% Added +72.0k +71,951
18 JENNISON ASSOCIATES LLC 0.07% of their portfolio NEW YORK, NY 2,178,2342.2m $82.4m $82.4m 0.07% Reduced -401.5k -401,475
19 MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio NEW YORK, NY 2,126,0152.1m $80.5m $80.5m 0.09% Reduced -134.2k -134,181
20 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 1,930,3901.9m $73.1m $73.1m 0.03% Reduced -990.2k -990,165
21 EAGLE ASSET MANAGEMENT INC 0.38% of their portfolio ST PETERSBURG, FL 1,798,0301.8m $68.1m $68.1m 0.38% Reduced -23.9k -23,850
22 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,570,5831.6m $59.4m $59.4m 0.02% Added +50.8k +50,830
23 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,503,4091.5m $56.9m $56.9m 0.01% Added +49.3k +49,291
24 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 1,341,8971.3m $50.8m $50.8m 0.01% Reduced -10.6k -10,582
25 NORGES BANK 0.01% of their portfolio OSLO, Q8 1,260,4641.3m $47.7m $47.7m 0.01% Added +16.4k +16,394
26 Aristotle Capital Boston, LLC 1.24% of their portfolio BOSTON, MA 1,095,8411.1m $41.5m $41.5m 1.24% Added +25.2k +25,231
27 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 1,058,2951.1m $40.1m $40.1m 0.02% Added +17.8k +17,791
28 SEGALL BRYANT & HAMILL, LLC 0.41% of their portfolio CHICAGO, IL 1,047,7261.0m $39.7m $39.7m 0.41% Reduced -42.9k -42,875
29 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 1,010,1241.0m $38.2m $38.2m 0.03% Reduced -293.8k -293,829
30 WESTWOOD HOLDINGS GROUP INC 0.34% of their portfolio DALLAS, TX 1,005,1221.0m $38.0m $38.0m 0.34% New
31 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 981,422981.4k $37.1m $37.1m 0.00% Reduced -104.5k -104,463
32 PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.16% of their portfolio DENVER, CO 869,443869.4k $32.9m $32.9m 0.16% Unchanged
33 SASCO CAPITAL INC / CT/ 3.61% of their portfolio FAIRFIELD, CT 805,457805.5k $30.5m $30.5m 3.61% Reduced -153.8k -153,800
34 Thrivent Financial for Lutherans 0.07% of their portfolio Minneapolis, MN 758,149758.1k $28.7m $28.7m 0.07% Reduced -302.3k -302,254
35 Hood River Capital Management LLC 0.85% of their portfolio PALM BEACH GARDENS, FL 753,349753.3k $28.5m $28.5m 0.85% Added +17.2k +17,156
36 PARADIGM CAPITAL MANAGEMENT INC/NY 1.61% of their portfolio ALBANY, NY 743,121743.1k $28.1m $28.1m 1.61% Added +85.5k +85,505
37 FRED ALGER MANAGEMENT, LLC 0.12% of their portfolio NEW YORK, NY 635,637635.6k $24.1m $24.1m 0.12% New
38 Mirae Asset Global Investments Co., Ltd. 0.05% of their portfolio SEOUL, M5 624,276624.3k $23.6m $23.6m 0.05% Added +46.6k +46,578
39 Driehaus Capital Management LLC 0.28% of their portfolio Chicago, IL 592,982593.0k $22.4m $22.4m 0.28% New
40 River Road Asset Management, LLC 0.31% of their portfolio LOUISVILLE, KY 592,602592.6k $22.4m $22.4m 0.31% Reduced -104.4k -104,369
41 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 583,112583.1k $22.1m $22.1m 0.02% Added +492.6k +492,648
42 CONGRESS ASSET MANAGEMENT CO 0.19% of their portfolio BOSTON, MA 567,477567.5k $21.5m $21.5m 0.19% Added +5.6k +5,639
43 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 526,128526.1k $19.9m $19.9m 0.00% Reduced -8.4k -8,392
44 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 524,468524.5k $19.9m $19.9m 0.02% Reduced -100.9k -100,932
45 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 484,259484.3k $18.3m $18.3m 0.00% Added +108.9k +108,884
46 FRONTIER CAPITAL MANAGEMENT CO LLC 0.17% of their portfolio Boston, MA 479,592479.6k $18.2m $18.2m 0.17% Reduced -4.9k -4,908
47 KORNITZER CAPITAL MANAGEMENT INC /KS 0.35% of their portfolio SHAWNEE MISSION, KS 471,311471.3k $17.8m $17.8m 0.35% Unchanged
48 Harvey Partners, LLC 2.10% of their portfolio Tarrytown, NY 449,000449.0k $17.0m $17.0m 2.10% Added +26.0k +26,000
49 Penn Capital Management Company, LLC 1.55% of their portfolio PHILADELPHIA, PA 420,005420.0k $15.9m $15.9m 1.55% Added +4.5k +4,485
50 SEI INVESTMENTS CO 0.03% of their portfolio OAKS, PA 394,209394.2k $14.9m $14.9m 0.03% Added +15.2k +15,163
51 ROYCE & ASSOCIATES LP 0.13% of their portfolio New York, NY 363,123363.1k $13.7m $13.7m 0.13% Reduced -26.7k -26,700
52 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 350,793350.8k $13.3m $13.3m 0.02% Added +165.6k +165,639
53 NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio ALBANY, NY 345,876345.9k $13.1m $13.1m 0.02% Added +5.1k +5,087
54 BESSEMER GROUP INC 0.03% of their portfolio WOODBRIDGE, NJ 345,639345.6k $13.1m $13.1m 0.03% Added +19.7k +19,665
55 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 332,689332.7k $12.6m $12.6m 0.00% Reduced -134.8k -134,817
56 PRUDENTIAL FINANCIAL INC 0.02% of their portfolio NEWARK, NJ 276,693276.7k $10.5m $10.5m 0.02% Added +37.8k +37,768
57 Homestead Advisers Corp 0.28% of their portfolio Arlington, VA 275,109275.1k $10.4m $10.4m 0.28% Reduced -14.5k -14,500
58 PEREGRINE CAPITAL MANAGEMENT LLC 0.28% of their portfolio MINNEAPOLIS, MN 268,017268.0k $10.1m $10.1m 0.28% Reduced -63.3k -63,340
59 Swiss National Bank 0.01% of their portfolio ZURICH, V8 258,715258.7k $9.8m $9.8m 0.01% Added +3.1k +3,100
60 GUGGENHEIM CAPITAL LLC 0.07% of their portfolio CHICAGO, IL 241,805241.8k $9.2m $9.2m 0.07% Added +104.6k +104,638
61 Lodge Hill Capital, LLC 2.91% of their portfolio NEW YORK, NY 227,354227.4k $8.6m $8.6m 2.91% Reduced -283.0k -283,000
62 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 220,287220.3k $8.3m $8.3m 0.01% Reduced -9.3k -9,277
63 Moody Aldrich Partners LLC 1.61% of their portfolio MARBLEHEAD, MA 219,016219.0k $8.3m $8.3m 1.61% Reduced -620 -620
64 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 217,509217.5k $8.2m $8.2m 0.00% Added +22.4k +22,392
65 CASTLEARK MANAGEMENT LLC 0.36% of their portfolio CHICAGO, IL 209,446209.4k $7.9m $7.9m 0.36% Added +64.2k +64,190
66 CW Advisors, LLC 0.18% of their portfolio BOSTON, MA 203,447203.4k $7.7m $7.7m 0.18% Reduced -2.7k -2,691
67 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 196,994197.0k $7.5m $7.5m 0.01% Added +2.8k +2,771
68 Select Equity Group, L.P. 0.02% of their portfolio NEW YORK, NY 173,624173.6k $6.6m $6.6m 0.02% Added +8.4k +8,416
69 Orchard Capital Management, LLC 2.21% of their portfolio CHICAGO, IL 173,439173.4k $6.6m $6.6m 2.21% Reduced -185.6k -185,567
70 Madison Asset Management, LLC 0.09% of their portfolio MADISON, WI 161,259161.3k $6.1m $6.1m 0.09% Added +304 +304
71 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 158,910158.9k $6.0m $6.0m 0.01% Added +47.8k +47,832
72 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 148,256148.3k $5.6m $5.6m 0.00% Added +289 +289
73 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 146,026146.0k $5.5m $5.5m 0.01% Added +8.5k +8,451
74 First Washington CORP 2.41% of their portfolio SEATTLE, WA 145,041145.0k $5.5m $5.5m 2.41% Unchanged
75 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 144,321144.3k $5.5m $5.5m 0.01% Reduced -3.9k -3,936
76 Knights of Columbus Asset Advisors LLC 0.49% of their portfolio NEW HAVEN, CT 143,824143.8k $5.4m $5.4m 0.49% Added +333 +333
77 Lisanti Capital Growth, LLC 0.72% of their portfolio NEW YORK, NY 136,530136.5k $5.2m $5.2m 0.72% New
78 JOHN G ULLMAN & ASSOCIATES INC 0.76% of their portfolio CORNING, NY 130,126130.1k $4.9m $4.9m 0.76% Reduced -9.5k -9,541
79 Woodline Partners LP 0.06% of their portfolio San Francisco, CA 124,668124.7k $4.7m $4.7m 0.06% New
80 CARDINAL CAPITAL MANAGEMENT LLC /CT 0.18% of their portfolio GREENWICH, CT 123,113123.1k $4.7m $4.7m 0.18% New
81 KENNEDY CAPITAL MANAGEMENT LLC 0.11% of their portfolio ST LOUIS, MO 122,758122.8k $4.6m $4.6m 0.11% Added +115.2k +115,190
82 LEUTHOLD GROUP, LLC 0.59% of their portfolio MINNEAPOLIS, MN 121,176121.2k $4.6m $4.6m 0.59% New
83 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 120,496120.5k $3.4m $3.4m 0.00% Unchanged
84 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 119,630119.6k $4.5m $4.5m 0.01% New
85 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 113,794113.8k $4.3m $4.3m 0.01% Added +39.8k +39,780
86 Legal & General Group Plc 0.00% of their portfolio London, X0 108,703108.7k $4.1m $4.1m 0.00% Added +109 +109
87 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 89,17489.2k $3.4m $3.4m 0.00% Added +42.8k +42,792
88 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 83,10083.1k $3.1m $3.1m 0.00% Added +2.6k +2,608
89 ExodusPoint Capital Management, LP 0.04% of their portfolio NEW YORK, NY 82,62782.6k $3.1m $3.1m 0.04% Reduced -373.2k -373,151
90 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 81,38281.4k $3.1m $3.1m 0.00% Added +203 +203
91 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 76,98577.0k $2.9m $2.9m 0.01% Added +22.1k +22,073
92 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 76,68776.7k $2.9m $2.9m 0.01% Reduced -4.2k -4,163
93 DG Capital Management, LLC 1.47% of their portfolio NEW YORK, NY 75,13575.1k $2.8m $2.8m 1.47% Reduced -283.5k -283,524
94 Concentric Capital Strategies, LP 0.58% of their portfolio Stamford, CT 71,69071.7k $2.7m $2.7m 0.58% Added +48.1k +48,132
95 TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio STAMFORD, CT 68,63468.6k $2.6m $2.6m 0.04% New
96 Man Group plc 0.01% of their portfolio LONDON, X0 67,50067.5k $2.6m $2.6m 0.01% New
97 Capital Analysts, LLC 0.14% of their portfolio FORT WASHINGTON, PA 66,54966.5k $2.5m $2.5m 0.14% Reduced -1.6k -1,572
98 Alberta Investment Management Corp 0.02% of their portfolio EDMONTON, A0 66,52666.5k $2.5m $2.5m 0.02% Reduced -8.3k -8,323
99 Oliver Luxxe Assets LLC 0.62% of their portfolio GLADSTONE, NJ 65,26065.3k $2.5m $2.5m 0.62% New
100 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 64,58764.6k $2.4m $2.4m 0.00% Reduced -2.5k -2,503