Summit Hotel Properties
INN
204 hedge funds and large institutions have $673M invested in Summit Hotel Properties in 2023 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 69 increasing their positions, 82 reducing their positions, and 27 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less ownership
Funds ownership: 98.11% → 96.11% (-2%)
4% less funds holding
Funds holding: 213 → 204 (-9)
8% less capital invested
Capital invested by funds: $734M → $673M (-$61.2M)
16% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 82
33% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 27
98% less call options, than puts
Call options by funds: $63K | Put options by funds: $2.93M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$6.01M |
| 2 |
H2CM
H/2 Credit Manager
Stamford,
Connecticut
|
+$6.01M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$5.74M |
| 4 |
Goldman Sachs
New York
|
+$4.9M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
+$2.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$24.6M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$9.58M |
| 3 |
Millennium Management
New York
|
-$3.5M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$2.32M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.85M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IAIM
226
International Assets Investment Management
Orlando,
Florida
| – | -$2.38K | -340 | Closed |
|
227
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$1.71K | -244 | Closed |
|
|
MIA
228
Milestone Investment Advisors
Middleton,
Wisconsin
| – | -$945 | -135 | Closed |
|
INN Hedge Fund Activity: Q2 2023 in Review
204 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q2 2023, worth a combined $673M — down 8.3% from $734M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of INN and 18 opened new positions — a net loss of 9 holders — while 82 trimmed existing stakes and 69 added.
The largest buyer was BlackRock, adding an estimated $6.01M. The largest seller was Macquarie Group, cutting an estimated $24.6M.
- 204 institutional investors held Summit Hotel Properties (INN) as of Q2 2023, down from 213 in Q1 2023.
- Funds reported $673M of Summit Hotel Properties stock for Q2 2023, down 8.3% quarter-over-quarter.
- 18 funds opened new Summit Hotel Properties positions in Q2 2023 and 27 closed out, a net change of -9 holders.
- The largest Summit Hotel Properties buyer in Q2 2023 was BlackRock, an estimated $6.01M added.
- The largest Summit Hotel Properties seller in Q2 2023 was Macquarie Group, an estimated $24.6M sold.
Based on aggregated 13F filings for Q2 2023.