Summit Hotel Properties
INN
220 hedge funds and large institutions have $1.25B invested in Summit Hotel Properties in 2019 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 89 increasing their positions, 59 reducing their positions, and 18 closing their positions.
51% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 59
11% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 18
1.13% more ownership
Funds ownership: 102.75% → 103.87% (+1.1%)
1% more capital invested
Capital invested by funds: $1.24B → $1.25B (+$12.1M)
0% less funds holding
Funds holding: 221 → 220 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $312K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$8.61M |
| 2 |
Morgan Stanley
New York
|
+$5.29M |
| 3 |
State Street
Boston,
Massachusetts
|
+$5.14M |
| 4 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$4.29M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$4.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$6.38M |
| 2 |
Bank of New York Mellon
New York
|
-$5.6M |
| 3 |
DPIM
Duff & Phelps Investment Management
Chicago,
Illinois
|
-$3.79M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$3.34M |
| 5 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$2.38M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
226
AQR Capital Management
Greenwich,
Connecticut
| – | -$372K | -32,575 | Closed |
|
|
PIA
227
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$301K | -26,357 | Closed |
|
228
Verition Fund Management
Greenwich,
Connecticut
| – | -$168K | -14,762 | Closed |
|
|
FCBT
229
First Citizens Bank & Trust
Raleigh,
North Carolina
| – | -$161K | -14,138 | Closed |
|
|
CAM
230
Cresset Asset Management
Chicago,
Illinois
| – | -$66K | -5,776 | Closed |
|
|
AAM
231
Advisors Asset Management
Monument,
Colorado
| – | -$40K | -3,505 | Closed |
|
|
FHB
232
First Hawaiian Bank
Honolulu,
Hawaii
| – | -$11K | -993 | Closed |
|
233
Loomis, Sayles & Company
Boston,
Massachusetts
| – | -$7K | -620 | Closed |
|
|
FNC
234
First National Corp
Rockland,
Massachusetts
| – | -$4K | -335 | Closed |
|
|
LWA
235
Lenox Wealth Advisors
New York
| – | -$3K | -278 | Closed |
|
|
PRC
236
Pearl River Capital
Niles,
Michigan
| – | -$2K | -120 | Closed |
|
|
CG
237
Cutler Group
San Francisco,
California
| – | -$1K | -100 | Closed |
|
INN Hedge Fund Activity: Q2 2019 in Review
220 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q2 2019, worth a combined $1.25B — up 0.97% from $1.24B a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new INN positions and 18 closed out — a net gain of 2 holders — while 89 added to existing stakes and 59 trimmed.
The largest buyer was Wasatch Advisors, adding an estimated $8.61M. The largest seller was Millennium Management, cutting an estimated $6.38M.
- 220 institutional investors held Summit Hotel Properties (INN) as of Q2 2019, down from 221 in Q1 2019.
- Funds reported $1.25B of Summit Hotel Properties stock for Q2 2019, up 0.97% quarter-over-quarter.
- 20 funds opened new Summit Hotel Properties positions in Q2 2019 and 18 closed out, a net change of +2 holders.
- The largest Summit Hotel Properties buyer in Q2 2019 was Wasatch Advisors, an estimated $8.61M added.
- The largest Summit Hotel Properties seller in Q2 2019 was Millennium Management, an estimated $6.38M sold.
Based on aggregated 13F filings for Q2 2019.