$SM

$39.56 +$0.49 (1.25%) Close

$SM Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 237.9M shares outstanding

Who owns SM?

By type of holder

Institutions 96.3% Insiders 0.0% Everyone else 3.7%

Concentration Top 10 holders own 57.0%

BlackRock, Inc. 16.5% · Vanguard Portfolio Management LLC 6.5%

Institutional ownership

96.3%

+0.8 pts vs last qtr

Institutional holders

494

-17 vs last qtr

Net shares bought

+1.9M

by institutions in Q2 2026

New / sold out

73 / 90

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Fuller & Thaler Asset Management, Inc. NEW +2.3M
Aristeia Capital, L.L.C. +2.2M

Biggest sellers in Q2 2026

Wellington Management Group LLP −2.1M
Dimensional Fund Advisors LP −1.8M

Who is planning to sell?

Notices of proposed sale, last 12 months

$7.83M

5 notices from 4 people

Shares covered

246.4K

0.10% of the company

Arranged in advance

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Vogel Herbert S Officer $6.2M
Ramiro Peru Director $863K

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2023–FY2025

−3.4%

−1.70% a year

Each share's claim on the business

+3.5%

grew without buying or selling a share

Spent on buybacks vs paid in stock

$327M vs $74M

over 3 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years65% 3–5 years2% 1–3 years11% Under 1 year22%

Quarterly turnover

10.0%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting SM on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B BlackRock, Inc.	39.3M	16.51%	+849.0K (+2.2%)	≤2021	0.0%
Shares held by quarter Peak holding39.3M (Q2'26) Change over 8 quarters+21.4M Share of the company16.510% BlackRock, Inc.'s full portfolio →
VP Vanguard Portfolio Management LLC	15.4M	6.49%	+190.9K (+1.3%)	≤2021	0.0%
Shares held by quarter Peak holding15.4M (Q2'26) Change over 8 quarters+15.4M Share of the company6.490% Vanguard Portfolio Management LLC's full portfolio →

BlackRock, Inc.

39.3M

% of company

16.51%

Change vs last qtr

+849.0K (+2.2%)

Held since

≤2021

Vanguard Portfolio Management LLC

15.4M

% of company

6.49%

Change vs last qtr

+190.9K (+1.3%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding SM Energy Co, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting SM on Form N-PORT; together they hold 44.5% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IC iShares Core S&P Small-Cap ETF iShares Trust	$358M	13.7M	5.77%	0.32%	June 30, 2026
AU Avantis U.S. Small Cap Value ETF American Century ETF Trust	$233M	7.6M	3.20%	0.86%	May 31, 2026

iShares Core S&P Small-Cap ETF

iShares Trust

Position value

$358M

% of company

5.77%

% of the fund

0.32%

As of

June 30, 2026

Avantis U.S. Small Cap Value ETF

American Century ETF Trust

Position value

$233M

% of company

3.20%

% of the fund

0.86%

As of

May 31, 2026

23 more funds behind a free account

See every fund holding SM Energy Co and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
KK Knott Kenneth J. Insider	58.0K	0.02%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.020% Knott Kenneth J.'s insider activity →
BC Bailo Carla Jean Insider	31.0K	0.01%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.010% Bailo Carla Jean's insider activity →

Knott Kenneth J.

Insider

58.0K

% of company

0.02%

Change vs last qtr

—

Held since

—

Bailo Carla Jean

Insider

31.0K

% of company

0.01%

Change vs last qtr

—

Held since

—

2 more holders behind a free account

See every insider and 5%+ holder of SM Energy Co.

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