EQM Midstream Partners, LP
EQM
EQM was delisted on the 16th of June, 2020.
122 hedge funds and large institutions have $875M invested in EQM Midstream Partners, LP in 2020 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 35 increasing their positions, 56 reducing their positions, and 40 closing their positions.
20% less funds holding
Funds holding: 153 → 122 (-31)
38% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 56
62% less capital invested
Capital invested by funds: $2.33B → $875M (-$1.45B)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
68% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 40
73% less call options, than puts
Call options by funds: $4.77M | Put options by funds: $17.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SOMRS
State of Michigan Retirement System
Lansing,
Michigan
|
+$56M |
| 2 |
JP Morgan Chase
New York
|
+$40.1M |
| 3 |
Morgan Stanley
New York
|
+$22.1M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$21.8M |
| 5 |
Barclays
London,
United Kingdom
|
+$19.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$140M |
| 2 |
Neuberger Berman Group
New York
|
-$27M |
| 3 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$21.2M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$20.7M |
| 5 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$20.4M |
EQM Hedge Fund Activity: Q1 2020 in Review
122 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in EQM Midstream Partners, LP (EQM) for Q1 2020, worth a combined $875M — down 62% from $2.33B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of EQM and 13 opened new positions — a net loss of 27 holders — while 56 trimmed existing stakes and 35 added.
The largest buyer was State of Michigan Retirement System, adding an estimated $56M. The largest seller was Tortoise Capital Advisors, cutting an estimated $140M.
- 122 institutional investors held EQM Midstream Partners, LP (EQM) as of Q1 2020, down from 153 in Q4 2019.
- Funds reported $875M of EQM Midstream Partners, LP stock for Q1 2020, down 62% quarter-over-quarter.
- 13 funds opened new EQM Midstream Partners, LP positions in Q1 2020 and 40 closed out, a net change of -27 holders.
- The largest EQM Midstream Partners, LP buyer in Q1 2020 was State of Michigan Retirement System, an estimated $56M added.
- The largest EQM Midstream Partners, LP seller in Q1 2020 was Tortoise Capital Advisors, an estimated $140M sold.
Based on aggregated 13F filings for Q1 2020.