Summit Hotel Properties
INN
219 hedge funds and large institutions have $1.08B invested in Summit Hotel Properties in 2016 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 74 increasing their positions, 87 reducing their positions, and 17 closing their positions.
71% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 17
5% more funds holding
Funds holding: 208 → 219 (+11)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3.38% less ownership
Funds ownership: 98.19% → 94.81% (-3.4%)
5% less capital invested
Capital invested by funds: $1.14B → $1.08B (-$57M)
15% less repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 87
28% less call options, than puts
Call options by funds: $13K | Put options by funds: $18K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
+$19.3M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$7.49M |
| 3 |
MCM
McKinley Capital Management
Anchorage,
Alaska
|
+$6.36M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.12M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$3.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$39.3M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$21.8M |
| 3 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$9.47M |
| 4 |
Charles Schwab
San Francisco,
California
|
-$7.72M |
| 5 |
Jennison Associates
New York
|
-$7.38M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PMAM
226
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
| – | -$432K | -32,700 | Closed |
|
|
ARTA
227
A.R.T. Advisors
New York
| – | -$212K | -16,033 | Closed |
|
228
Stifel Financial
St. Louis,
Missouri
| – | -$179K | -13,433 | Closed |
|
229
HSBC Holdings
London,
United Kingdom
| – | -$169K | -12,775 | Closed |
|
230
Teacher Retirement System of Texas
Austin,
Texas
| – | -$160K | -12,122 | Closed |
|
|
WCM
231
Westend Capital Management
Sausalito,
California
| – | -$141K | -10,657 | Closed |
|
|
RJFSA
232
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$134K | -10,116 | Closed |
|
|
FMT
233
First Mercantile Trust
Cordova,
Tennessee
| – | -$64K | -4,850 | Closed |
|
234
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$5K | -363 | Closed |
|
|
CCA
235
Checchi Capital Advisers
Beverly Hills,
California
| – | -$4K | -284 | Closed |
|
|
TDC
236
Thompson Davis & Co
Richmond,
Virginia
| – | -$3K | -250 | Closed |
|
237
Simplex Trading
Chicago,
Illinois
| – | -$2K | -177 | Closed |
|
INN Hedge Fund Activity: Q3 2016 in Review
219 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q3 2016, worth a combined $1.08B — down 5% from $1.14B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new INN positions and 17 closed out — a net gain of 12 holders — while 74 added to existing stakes and 87 trimmed.
The largest buyer was Nuveen, adding an estimated $19.3M. The largest seller was Macquarie Group, cutting an estimated $39.3M.
- 219 institutional investors held Summit Hotel Properties (INN) as of Q3 2016, up from 208 in Q2 2016.
- Funds reported $1.08B of Summit Hotel Properties stock for Q3 2016, down 5% quarter-over-quarter.
- 29 funds opened new Summit Hotel Properties positions in Q3 2016 and 17 closed out, a net change of +12 holders.
- The largest Summit Hotel Properties buyer in Q3 2016 was Nuveen, an estimated $19.3M added.
- The largest Summit Hotel Properties seller in Q3 2016 was Macquarie Group, an estimated $39.3M sold.
Based on aggregated 13F filings for Q3 2016.