Summit Hotel Properties
INN
214 hedge funds and large institutions have $593M invested in Summit Hotel Properties in 2020 Q2 according to their latest regulatory filings, with 48 funds opening new positions, 73 increasing their positions, 62 reducing their positions, and 43 closing their positions.
70,700% more call options, than puts
Call options by funds: $708K | Put options by funds: $1K
31% more capital invested
Capital invested by funds: $453M → $593M (+$140M)
18% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 62
12% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 43
1% more funds holding
Funds holding: 212 → 214 (+2)
7.13% less ownership
Funds ownership: 102.05% → 94.92% (-7.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRES
Heitman Real Estate Securities
Chicago,
Illinois
|
+$11.1M |
| 2 |
PCM
Peregrine Capital Management
Minneapolis,
Minnesota
|
+$4.26M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.16M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$2.46M |
| 5 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
+$2.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$13M |
| 2 |
ClearBridge Investments
New York
|
-$9.51M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$8.59M |
| 4 |
Jennison Associates
New York
|
-$5.49M |
| 5 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$5.45M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
251
Simplex Trading
Chicago,
Illinois
| – | -$412 | -73 | Closed |
|
|
FDCDDQ
252
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| – | -$262 | -62 | Closed |
|
|
FGAM
253
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$100 | -24 | Closed |
|
INN Hedge Fund Activity: Q2 2020 in Review
214 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q2 2020, worth a combined $593M — up 31% from $453M a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new INN positions and 43 closed out — a net gain of 5 holders — while 73 added to existing stakes and 62 trimmed.
The largest buyer was Heitman Real Estate Securities, opening a new position worth an estimated $11.1M. The largest seller was Victory Capital Management, cutting an estimated $13M.
- 214 institutional investors held Summit Hotel Properties (INN) as of Q2 2020, up from 212 in Q1 2020.
- Funds reported $593M of Summit Hotel Properties stock for Q2 2020, up 31% quarter-over-quarter.
- 48 funds opened new Summit Hotel Properties positions in Q2 2020 and 43 closed out, a net change of +5 holders.
- The largest Summit Hotel Properties buyer in Q2 2020 was Heitman Real Estate Securities, an estimated $11.1M added.
- The largest Summit Hotel Properties seller in Q2 2020 was Victory Capital Management, an estimated $13M sold.
Based on aggregated 13F filings for Q2 2020.