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SM Energy Co

SM
Exchange
NYSE
Industry
Crude Petroleum & Natural Gas
SEC CIK
0000893538

In the last 90 days, SM Energy Co insiders filed 0 open-market purchases and 2 sales; 499 institutions reported holding it in 13F filings for Q2 2026, worth $6.01B in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in SM Energy Co as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
345
−30 vs. Q3 2025
Shares held
112.6M
−4.00M (−3.4%) vs. Q3 2025
Total value
$2.11B
−$804.1M (−27.6%) vs. Q3 2025
New holders
66
116 more added
Sold out
96
130 more reduced

8 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting SM on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 345 institutions
Q1 2021: 184 institutionsQ2 2021: 226 institutionsQ3 2021: 238 institutionsQ4 2021: 262 institutionsQ1 2022: 302 institutionsQ2 2022: 310 institutionsQ3 2022: 310 institutionsQ4 2022: 342 institutionsQ1 2023: 296 institutionsQ2 2023: 309 institutionsQ3 2023: 373 institutionsQ4 2023: 370 institutionsQ1 2024: 390 institutionsQ2 2024: 422 institutionsQ3 2024: 420 institutionsQ4 2024: 426 institutionsQ1 2025: 404 institutionsQ2 2025: 372 institutionsQ3 2025: 383 institutionsQ4 2025: 345 institutionsQ1 2026: 514 institutionsQ2 2026: 499 institutions
Value heldQ4 2025: $2.11B
Q1 2021: $1.62BQ2 2021: $2.53BQ3 2021: $2.74BQ4 2021: $3.05BQ1 2022: $4.08BQ2 2022: $3.71BQ3 2022: $4.13BQ4 2022: $3.90BQ1 2023: $3.04BQ2 2023: $3.44BQ3 2023: $4.21BQ4 2023: $4.25BQ1 2024: $5.71BQ2 2024: $4.92BQ3 2024: $4.66BQ4 2024: $4.47BQ1 2025: $3.48BQ2 2025: $2.83BQ3 2025: $2.93BQ4 2025: $2.11BQ1 2026: $7.08BQ2 2026: $6.01B
Institutions holding SM and their total value by quarter
QuarterHoldersValue
Q2 2026499$6.01B
Q1 2026514$7.08B
Q4 2025345$2.11B
Q3 2025383$2.93B
Q2 2025372$2.83B
Q1 2025404$3.48B
Q4 2024426$4.47B
Q3 2024420$4.66B
Q2 2024422$4.92B
Q1 2024390$5.71B
Q4 2023370$4.25B
Q3 2023373$4.21B
Q2 2023309$3.44B
Q1 2023296$3.04B
Q4 2022342$3.90B
Q3 2022310$4.13B
Q2 2022310$3.71B
Q1 2022302$4.08B
Q4 2021262$3.05B
Q3 2021238$2.74B
Q2 2021226$2.53B
Q1 2021184$1.62B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding SM Energy Co; share changes are against Q3 2025.

Institutions holding SM in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Sankala Group LLC3,000$69.4K0.06%+3,000New
KBC Group NV3,790$71.0K0.00%00.0%Unchanged
Byrne Asset Management LLC5,356$100.2K0.06%+3,631+210.5%Added
National Bank of Canada6,155$115.0K0.00%+210+3.5%Added
Leonteq Securities AG6,447$120.6K0.01%+5,308+466.0%Added
Sterling Capital Management LLC6,589$123.2K0.00%−1,317−16.7%Reduced
Acadian Asset Management LLC7,236$135.0K0.00%00.0%Unchanged
The PNC Financial Services Group, Inc.7,325$137.0K0.00%−10,328−58.5%Reduced
Ensign Peak Advisors, Inc7,621$142.5K0.00%−12,450−62.0%Reduced
Covestor Ltd7,964$149.0K0.08%+1,858+30.4%Added
Virtus Investment Advisers, Inc.8,562$160.1K0.04%+8,562New
Kestra Advisory Services, LLC8,592$160.7K0.00%−894−9.4%Reduced
Ameritas Investment Partners, Inc.9,540$178.4K0.01%00.0%Unchanged
CSS LLC10,244$191.6K0.01%+10,244New
Squarepoint Ops LLC10,757$201.2K0.00%−27,116−71.6%Reduced
Gotham Asset Management, LLC10,840$202.7K0.00%+559+5.4%Added
DGS Capital Management, LLC10,848$202.9K0.03%+10,848New
Texas Yale Capital Corp.11,169$208.9K0.01%00.0%Unchanged
CIBC Asset Management Inc11,291$211.1K0.00%+11,291New
IMC-Chicago, LLC11,578$216.5K0.00%+11,578New
Advisor Group Holdings, Inc.11,615$217.2K0.00%−114,870−90.8%Reduced
Capital Counsel LLC11,905$222.6K0.01%00.0%Unchanged
R Squared Ltd12,260$229.3K0.11%+12,260New
Dark Forest Capital Management LP12,298$230.0K0.01%−111,090−90.0%Reduced
Oxford Asset Management LLP12,568$235.0K0.08%+12,568New
Blair William & Co12,829$239.9K0.00%+72+0.6%Added
Mangrove Partners12,953$242.2K0.02%+12,953New
Walleye Trading LLC12,995$243.0K0.00%−6,739−34.1%Reduced
Mutual of America Capital Management LLC13,093$244.8K0.00%+216+1.7%Added
Bridgefront Capital, LLC13,160$246.1K0.06%+3,336+34.0%Added
Jump Financial, LLC13,572$253.8K0.00%−28,163−67.5%Reduced
Public Employees Retirement Association of Colorado13,824$259.0K0.00%00.0%Unchanged
Profund Advisors LLC13,996$261.7K0.01%+13,996New
Inspire Advisors, LLC14,039$262.5K0.02%−5,727−29.0%Reduced
Bayforest Capital Ltd14,243$266.3K0.20%+14,243New
Man Group plc14,305$267.5K0.00%−74,241−83.8%Reduced
Virtu Financial LLC14,421$270.0K0.01%+3,475+31.7%Added
Inceptionr LLC14,935$279.3K0.08%+14,935New
Moody National Bank Trust Division15,000$280.5K0.03%−46−0.3%Reduced
Sippican Capital Advisors15,831$296.0K0.19%+89+0.6%Added
Prelude Capital Management, LLC16,545$309.4K0.02%−924−5.3%Reduced
DekaBank Deutsche Girozentrale5,738$310.0K0.00%00.0%Unchanged
Maryland State Retirement & Pension System16,879$315.6K0.01%+353+2.1%Added
IFP Advisors, Inc16,934$316.7K0.01%−197−1.1%Reduced
Pathstone Holdings, LLC16,949$317.1K0.00%−54,650−76.3%Reduced
CI Private Wealth, LLC17,198$321.6K0.00%−2,056−10.7%Reduced
Quadrature Capital Ltd17,786$332.6K0.00%+17,786New
Pictet Asset Management Holding SA18,828$352.1K0.00%00.0%Unchanged
Lazard Asset Management LLC19,017$355.6K0.00%+60+0.3%Added
RSM US Wealth Management LLC19,421$364.7K0.00%−1,439−6.9%Reduced
STRS Ohio20,100$375.9K0.00%+19,300+2,412.5%Added
Patten Group, Inc.20,707$387.2K0.07%+20,707New
Gsa Capital Partners LLP20,894$391.0K0.03%−7,710−27.0%Reduced
Aquatic Capital Management LLC21,127$395.1K0.01%−52,067−71.1%Reduced
Bank of Montreal21,328$398.8K0.00%−2,885−11.9%Reduced
Cetera Investment Advisers21,361$399.5K0.00%−1,019−4.6%Reduced
ProShare Advisors LLC22,211$415.3K0.00%+687+3.2%Added
Black Maple Capital Management LP23,000$430.1K0.32%+23,000New
JustInvest LLC23,063$431.3K0.00%−24,191−51.2%Reduced
DRW Securities, LLC24,173$452.0K0.03%+24,173New
KLP Kapitalforvaltning AS24,800$468.0K0.00%−17,100−40.8%Reduced
Vestcor Inc25,955$485.0K0.01%00.0%Unchanged
Oregon Public Employees Retirement Fund26,251$490.9K0.01%+400+1.5%Added
Sciencast Management LP26,407$493.8K0.07%+26,407New
Quantinno Capital Management LP26,610$497.6K0.00%−1,241−4.5%Reduced
Natixis Advisors, L.P.26,866$502.0K0.00%−35,941−57.2%Reduced
Twinbeech Capital LP28,153$526.5K0.04%+17,778+171.4%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys28,360$530.3K0.00%−916−3.1%Reduced
State Board of Administration of Florida Retirement System28,377$530.6K0.00%00.0%Unchanged
Teachers Retirement System of the State of Kentucky29,276$548.0K0.00%−3,638−11.1%Reduced
TCI Wealth Advisors, Inc.29,455$550.8K0.03%−40.0%Reduced
CWM Advisors, LLC29,542$552.4K0.05%+7,548+34.3%Added
Commons Capital, LLC31,250$584.4K0.41%+31,250New
Arizona State Retirement System31,715$593.1K0.00%−2,155−6.4%Reduced
Police & Firemen's Retirement System of New Jersey31,827$595.2K0.00%+236+0.7%Added
Guggenheim Capital LLC32,257$603.2K0.00%+32,257New
Zurcher Kantonalbank (Zurich Cantonalbank)32,435$606.5K0.00%+6,216+23.7%Added
Yousif Capital Management, LLC33,980$619.5K0.01%−4,446−11.6%Reduced
Diversified Trust Co33,336$623.4K0.01%+247+0.7%Added
Amalgamated Bank33,375$624.0K0.00%+64+0.2%Added
GF Fund Management Co. Ltd.33,423$625.0K0.01%+2,374+7.6%Added
Schonfeld Strategic Advisors LLC33,749$631.1K0.00%−2,741−7.5%Reduced
Aventail Capital Group, LP33,882$633.6K0.04%−7,768−18.7%Reduced
Waldron Private Wealth LLC35,503$663.9K0.03%00.0%Unchanged
Citigroup Inc36,283$678.5K0.00%−107,369−74.7%Reduced
Unison Advisors LLC36,104$682.4K0.06%+36,104New
Cerity Partners LLC36,532$683.1K0.00%−5,751−13.6%Reduced
Teacher Retirement System of Texas36,822$688.6K0.00%−18,988−34.0%Reduced
Brevan Howard Capital Management LP37,540$702.0K0.01%−11,455−23.4%Reduced
Laurion Capital Management LP37,576$702.7K0.05%+37,576New
Neo Ivy Capital Management40,283$753.3K0.12%+40,283New
US Bancorp41,508$776.2K0.00%−7,434−15.2%Reduced
LPL Financial LLC42,281$790.7K0.00%−26,716−38.7%Reduced
Royal Bank of Canada44,375$831.0K0.00%−191,331−81.2%Reduced
VARCOV Co.44,750$836.8K0.33%+44,750New
Landscape Capital Management, L.L.C.44,809$837.9K0.06%+44,809New
Janus Henderson Group PLC45,362$847.8K0.00%00.0%Unchanged
Sendero Wealth Management, LLC46,277$865.4K0.10%+269+0.6%Added
Summit Global Investments46,417$868.0K0.05%+489+1.1%Added
Bridgewater Associates, LP47,514$888.5K0.00%−434,636−90.1%Reduced