SM Energy

SM • NYSE

SM Energy is a oil & gas exploration & production company in the energy sector on NYSE, led by Javan D. Ottoson, with a market cap of $2.2B. As of Q3 2025, 102% of shares are held by 374 institutional investors, with BlackRock, Inc. as the largest holder at 17.72%.

CEOJavan D. Ottoson

Market Cap$2.2B

Oil & Gas Exploration & Production

Energy

Employees544.0

Websitesm-energy.com

Country

United States of America

Overview

Overview of institutional ownership in SM as of Q3 2025 with a market cap of $2.9B

All Institutions

Institutions: 374
Value Held: $2.9B
Shares Held: 117.7M
Avg Position: $7.9M
Median Position: $646.8K

Hedge Funds

Hedge Funds: 49
Value Held: $315.3M
Shares Held: 12.6M
Avg Position: $6.4M
Median Position: $1.9M

Ownership Breakdown

Institutional (non-HF)

91.41%

$2.6B

Hedge Funds

10.99%

$315.3M

Retail & Other

Based on market cap of $2.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in SM as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$508.8M 0.01% of portfolio	17.72% 20.4M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$346.0M 0.01% of portfolio	12.05% 13.9M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$153.6M 0.01% of portfolio	5.35% 6.2M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$147.9M 0.03% of portfolio	5.15% 5.9M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
A AMERICAN CENTURY COMPANIES INC Institution	-	$114.5M 0.06% of portfolio	3.99% 4.6M shares	Q4 2019 Held for 5y 11m	$195.93B
WESTWOOD HOLDINGS GROUP INC Institution	Brian O. Casey CEO	$90.8M 0.66% of portfolio	3.16% 3.6M shares	Q4 2023 Held for 1y 11m	$13.8B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$85.6M 0.01% of portfolio	2.98% 3.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
M MACQUARIE GROUP LTD Institution	-	$79.1M 0.10% of portfolio	2.75% 3.2M shares	Q3 2021 Held for 4y 2m	$82.9B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$66.6M 0.00% of portfolio	2.32% 2.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
Woodline Partners LP Hedge Fund•Long/Short	Karl Heinz Kroeker CIO	$60.7M 0.29% of portfolio	2.11% 2.4M shares	Q2 2025 Held for 5 months	$21.3B

Net Capital Flow

Institutional buying and selling activity for SM in Q3 2025

Traded: +$101.9M
Buyers: 210
Sellers: 159
Total Bought: +$288.4M
Total Sold: −$186.5M
Avg Position: $7.0M

Biggest Buyers

Institution	Net Bought	Current Position
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	+$44.9M +1.8M shares	$44.9M 1.8M shares
Woodline Partners LP Hedge Fund•Long/Short	+$40.4M +1.6M shares	$60.7M 2.4M shares
Tributary Capital Management, LLC Long Only Manager	+$17.1M +685.1K shares	$29.6M 1.2M shares
GOLDMAN SACHS GROUP INC Institution	+$15.8M +632.1K shares	$34.2M 1.4M shares
BANK OF AMERICA CORP /DE/ Institution	+$15.3M +612.4K shares	$43.9M 1.8M shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	+$12.1M +486.2K shares	$12.1M 486.2K shares
B BlackRock, Inc. Institution	+$11.8M +473.0K shares	$508.8M 20.4M shares
STATE STREET CORP Institution	+$10.3M +413.6K shares	$153.6M 6.2M shares
A AMERICAN CENTURY COMPANIES INC Institution	+$9.4M +375.8K shares	$114.5M 4.6M shares
D D. E. Shaw & Co., Inc. Institution	+$8.4M +336.1K shares	$10.5M 419.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$28.8M −1.2M shares	$7.2M 287.8K shares
VANGUARD GROUP INC Institution	−$24.6M −986.2K shares	$346.0M 13.9M shares
FIRST TRUST ADVISORS LP ETF Provider	−$9.0M −362.0K shares	$23.7M 949.4K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$7.7M −309.6K shares	$19.3M 772.8K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	−$7.7M −306.9K shares	$2.8M 110.3K shares
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Long Only Manager	−$7.5M −301.9K shares	Sold Off 0 shares
M MACQUARIE GROUP LTD Institution	−$6.7M −267.0K shares	$79.1M 3.2M shares
MORGAN STANLEY RIA/Wealth	−$5.9M −238.2K shares	$32.6M 1.3M shares
Trexquant Investment LP Hedge Fund•Quant	−$5.8M −236.2K shares	Sold Off 0 shares
A Assenagon Asset Management S.A. Institution	−$5.4M −218.4K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited SM in Q3 2025

New Positions: 17
New Value: $6.5M
Exited Positions: 41
Exited Value: $39.3M

New Positions

Institution	Position Value
Lighthouse Investment Partners, LLC Fund of Funds	$4.6M 185.0K shares
Point72 Ltd RIA/Wealth	$618.7K 24.8K shares
P Point72 Asia Pte. Ltd. Institution	$462.3K 18.5K shares
C Concentric Capital Strategies, LP Hedge Fund•Long/Short	$409.6K 16.4K shares
Gryphon Financial Partners LLC RIA/Wealth	$325.3K 13.0K shares
Sontag Advisory, LLC RIA/Wealth	$43.4K 1.7K shares
FIRST HORIZON NATIONAL CORP RIA/Wealth	$29.5K 1.2K shares
S Salomon & Ludwin, LLC Institution	$9.5K 367.0 shares
Strategic Advocates LLC RIA/Wealth	$5.3K 211.0 shares
R Root Financial Partners, LLC RIA/Wealth	$3.6K 145.0 shares

Exited Positions

Institution	Previous Position
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Long Only Manager	$7.5M 301.9K shares
Trexquant Investment LP Hedge Fund•Quant	$5.8M 236.2K shares
A Assenagon Asset Management S.A. Institution	$5.4M 218.4K shares
Portolan Capital Management, LLC Hedge Fund•Long/Short	$4.2M 170.2K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$3.1M 126.7K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$2.0M 80.4K shares
C Campbell & CO Investment Adviser LLC Hedge Fund•Quant Macro	$1.7M 69.1K shares
C CSS LLC/IL Institution	$1.3M 54.3K shares
D De Lisle Partners LLP Institution	$1.2M 50.0K shares
T THOMIST CAPITAL MANAGEMENT, LP Hedge Fund•Long/Short	$931.2K 37.1K shares

Options Activity

Institutions with the largest Call and Put options positions in SM as of Q3 2025

Call Positions: 14
Call Value: $31.0M
Put Positions: 14
Put Value: $20.1M

Call Positions

Institution	Position Value
WELLS FARGO & COMPANY/MN Institution	$9.5M 3.8K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$7.4M 3.0K contracts
P PEAK6 LLC Institution	$4.3M 1.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.3M 1.7K contracts
W WOLVERINE TRADING, LLC Institution	$1.4M 541.0 contracts
D D. E. Shaw & Co., Inc. Institution	$968.8K 388.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$951.4K 381.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$656.7K 263.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$529.4K 212.0 contracts
Walleye Trading LLC RIA/Wealth	$461.9K 185.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$5.1M 2.1K contracts
Caption Management, LLC Hedge Fund•Long/Short	$4.4M 1.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.4M 1.4K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$1.6M 652.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.4M 548.0 contracts
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$1.1M 421.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$996.3K 399.0 contracts
Walleye Trading LLC RIA/Wealth	$796.5K 319.0 contracts
D D. E. Shaw & Co., Inc. Institution	$689.2K 276.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$292.1K 117.0 contracts

Most Committed Institutions

Institutions with SM as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Collar Capital Management, LLC RIA/Wealth	Patrick Daniel Collar Managing Partner	1.42% $2.0M	0.07% 81.3K shares	Q4 2024 Held for 11 months	$143.5M
Tributary Capital Management, LLC Long Only Manager	Mark Alan Wynegar President	1.40% $29.6M	1.03% 1.2M shares	Q2 2022 Held for 3y 5m	$2.1B
PALISADE CAPITAL MANAGEMENT LLC/NJ Long Only Manager	Alison Anne Berman CEO	0.89% $29.0M	1.01% 1.2M shares	Q3 2022 Held for 3y 2m	$3.3B
PEKIN SINGER STRAUSS ASSET MANAGEMENT /IL RIA/Wealth	Adam Savitz Strauss CEO	0.81% $8.0M	0.28% 319.4K shares	Q1 2022 Held for 3y 8m	$986.9M
Tanglewood Legacy Advisors, LLC RIA/Wealth	Kevin Bruce Roth CEO	0.72% $1.9M	0.06% 74.3K shares	Q4 2022 Held for 2y 11m	$258.9M
MOODY ALDRICH PARTNERS LLC Long Only Manager	Daniel Brook Wanzenberg CIO	0.70% $3.7M	0.13% 147.1K shares	Q3 2024 Held for 1y 2m	$527.2M
DENALI ADVISORS LLC Long Only Manager	Robert Guenther Snigaroff CIO	0.69% $6.1M	0.21% 245.6K shares	Q4 2024 Held for 11 months	$885.1M
WESTWOOD HOLDINGS GROUP INC Institution	Brian O. Casey CEO	0.66% $90.8M	3.16% 3.6M shares	Q4 2023 Held for 1y 11m	$13.8B
1492 Capital Management LLC Long Only Manager	Joseph Anthony Frohna Managing Partner	0.64% $1.6M	0.06% 64.2K shares	Q3 2016 Held for 9y 2m	$249.8M
I IRONWOOD INVESTMENT MANAGEMENT LLC Long Only Manager	Donald Collins Managing Partner	0.62% $1.4M	0.05% 56.5K shares	≤ Q2 2013 Held for 12y 5m+	$227.0M