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INN

Summit Hotel Properties
INN

157 hedge funds and large institutions have $853M invested in Summit Hotel Properties in 2014 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 63 increasing their positions, 53 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

82% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 11

19% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 53

7% more capital invested

Capital invested by funds: $801M → $853M (+$52.1M)

6% more funds holding

Funds holding: 148 → 157 (+9)

3.77% more ownership

Funds ownership: 87.29% → 91.06% (+3.8%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

Holders
157
Holders Change
+9
Holders Change %
+6.08%
% of All Funds
4.56%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
20
Increased
63
Reduced
53
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
ICOA
Investment Centers of America
North Dakota
+$13.8M
2
Bank of New York Mellon
Bank of New York Mellon
New York
+$10.1M
3
CGM
Capital Growth Management
Massachusetts
+$8.22M
4
AL
AJO LP
Pennsylvania
+$6.2M
5
Citadel Advisors
Citadel Advisors
Florida
+$5.45M

Top Sellers

1
N
Nuveen
North Carolina
-$13.6M
2
NC
Nicholas Company
Wisconsin
-$4.97M
3
DCM
Driehaus Capital Management
Illinois
-$4.59M
4
American Century Companies
American Century Companies
Missouri
-$2.25M
5
CPP
Crow Point Partners
Massachusetts
-$2.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
PI
26
Putnam Investments
Massachusetts
$11.2M +$76.7K +7,163 +0.7%
KCM
27
Kennedy Capital Management
Missouri
$10.6M -$179K -16,752 -2%
Millennium Management
28
Millennium Management
New York
$10.3M -$1.47M -136,739 -13%
Northern Trust
29
Northern Trust
Illinois
$10.3M -$189K -17,652 -2%
Principal Financial Group
30
Principal Financial Group
Iowa
$7.82M +$405K +37,840 +6%
Dimensional Fund Advisors
31
Dimensional Fund Advisors
Texas
$6.83M +$848K +79,124 +14%
AL
32
AJO LP
Pennsylvania
$6.24M +$6.2M +578,890 New
USAA
33
United Services Automobile Association
Texas
$5.71M +$67.5K +6,300 +1%
Citadel Advisors
34
Citadel Advisors
Florida
$5.48M +$5.45M +508,231 New
Geode Capital Management
35
Geode Capital Management
Massachusetts
$5.29M +$292K +27,292 +6%
Citigroup
36
Citigroup
New York
$4.97M +$25.2K +2,349 +0.5%
DIA
37
Dean Investment Associates
Ohio
$4.92M -$101K -9,451 -2%
CLM
38
ClearBridge LLC (Maryland)
Maryland
$4.58M +$1.35M +125,840 +42%
CPP
39
Crow Point Partners
Massachusetts
$4.29M -$2.02M -188,667 -32%
TCIM
40
TIAA CREF Investment Management
New York
$4M -$52.9K -4,941 -1%
DCM
41
Decade Capital Management
New York
$3.64M -$40.7K -3,800 -1%
RFC
42
Russell Frank Company
Washington
$3.59M +$2.35M +219,072 +193%
Invesco
43
Invesco
Georgia
$3.45M +$112K +10,438 +3%
NFA
44
Nationwide Fund Advisors
Ohio
$3.45M +$436K +40,729 +15%
TA
45
Teachers Advisors
New York
$3.31M – – –
Daiwa Securities Group
46
Daiwa Securities Group
Japan
$3.2M +$643K +60,002 +25%
DCM
47
Driehaus Capital Management
Illinois
$3.2M -$4.59M -428,538 -59%
BIM
48
BlackRock Investment Management
Delaware
$3.09M +$64.8K +6,045 +2%
GI
49
Gradient Investments
Minnesota
$2.9M +$137K +12,804 +5%
U
50
UBS
Switzerland
$2.86M +$566K +52,786 +25%
1
2
3 4 5

INN Hedge Fund Activity: Q3 2014 in Review

157 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q3 2014, worth a combined $853M — up 6.5% from $801M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new INN positions and 11 closed out — a net gain of 9 holders — while 63 added to existing stakes and 53 trimmed.

The largest buyer was Investment Centers of America, adding an estimated $13.8M. The largest seller was Nuveen, cutting an estimated $13.6M.

  • 157 institutional investors held Summit Hotel Properties (INN) as of Q3 2014, up from 148 in Q2 2014.
  • Funds reported $853M of Summit Hotel Properties stock for Q3 2014, up 6.5% quarter-over-quarter.
  • 20 funds opened new Summit Hotel Properties positions in Q3 2014 and 11 closed out, a net change of +9 holders.
  • The largest Summit Hotel Properties buyer in Q3 2014 was Investment Centers of America, an estimated $13.8M added.
  • The largest Summit Hotel Properties seller in Q3 2014 was Nuveen, an estimated $13.6M sold.

Based on aggregated 13F filings for Q3 2014.