Summit Hotel Properties
INN
206 hedge funds and large institutions have $572M invested in Summit Hotel Properties in 2023 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 59 increasing their positions, 84 reducing their positions, and 24 closing their positions.
13% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 24
1% more funds holding
Funds holding: 204 → 206 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.4% less ownership
Funds ownership: 96.11% → 91.71% (-4.4%)
15% less capital invested
Capital invested by funds: $673M → $572M (-$101M)
30% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 84
98% less call options, than puts
Call options by funds: $11K | Put options by funds: $582K
Top Buyers
| 1 |
H2CM
H/2 Credit Manager
Stamford,
Connecticut
|
+$10.6M |
| 2 |
D.E. Shaw & Co
New York
|
+$1.1M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$1.06M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$781K |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
+$639K |
Top Sellers
| 1 |
JP Morgan Chase
New York
|
-$8.89M |
| 2 |
Jennison Associates
New York
|
-$5.87M |
| 3 |
Millennium Management
New York
|
-$5.09M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$3.83M |
| 5 |
Charles Schwab
San Francisco,
California
|
-$3.78M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
226
Allworth Financial
Folsom,
California
| – | -$993 | -152 | Closed |
|
|
IA
227
IFP Advisors
Tampa,
Florida
| – | -$462 | -71 | Closed |
|
228
Group One Trading
Chicago,
Illinois
| – | -$215 | -36 | Closed |
|
|
HNB
229
Huntington National Bank
Columbus,
Ohio
| – | -$228 | -35 | Closed |
|
|
C
230
Covestor
London,
United Kingdom
| – | -$12 | -2 | -11% |
|
INN Hedge Fund Activity: Q3 2023 in Review
206 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q3 2023, worth a combined $572M — down 15% from $673M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new INN positions and 24 closed out — a net gain of 3 holders — while 59 added to existing stakes and 84 trimmed.
The largest buyer was H/2 Credit Manager, adding an estimated $10.6M. The largest seller was JP Morgan Chase, cutting an estimated $8.89M.
- 206 institutional investors held Summit Hotel Properties (INN) as of Q3 2023, up from 204 in Q2 2023.
- Funds reported $572M of Summit Hotel Properties stock for Q3 2023, down 15% quarter-over-quarter.
- 27 funds opened new Summit Hotel Properties positions in Q3 2023 and 24 closed out, a net change of +3 holders.
- The largest Summit Hotel Properties buyer in Q3 2023 was H/2 Credit Manager, an estimated $10.6M added.
- The largest Summit Hotel Properties seller in Q3 2023 was JP Morgan Chase, an estimated $8.89M sold.
Based on aggregated 13F filings for Q3 2023.