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INN

Summit Hotel Properties
INN

226 hedge funds and large institutions have $1.03B invested in Summit Hotel Properties in 2018 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 89 increasing their positions, 71 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 71

15% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 27

2% more funds holding

Funds holding: 222 → 226 (+4)

0.31% less ownership

Funds ownership: 101.46% → 101.15% (-0.31%)

29% less capital invested

Capital invested by funds: $1.44B → $1.03B (-$410M)

Holders
226
Holders Change
+4
Holders Change %
+1.8%
% of All Funds
5.04%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
31
Increased
89
Reduced
71
Closed
27
Calls
$2K
Puts
–
Net Calls
+$2K
Net Calls Change
+$2K

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$11.2M
2
BlackRock
BlackRock
New York
+$6.31M
3
WA
Wasatch Advisors
Utah
+$4M
4
SFM
Systematic Financial Management
New Jersey
+$3.95M
5
NA
NewEdge Advisors
Louisiana
+$3.92M

Top Sellers

Rank Fund Capital Flow
1
N
Nuveen
North Carolina
-$15.5M
2
AllianceBernstein
AllianceBernstein
Tennessee
-$7.09M
3
HRES
Heitman Real Estate Securities
Illinois
-$6.15M
4
LPL Financial
LPL Financial
California
-$3.87M
5
PI
Putnam Investments
Massachusetts
-$3.77M
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$7.12M -$3.28M -289,550 -28%
USAA
27
United Services Automobile Association
Texas
$7.08M +$71.9K +6,342 +0.9%
SBH
28
Segall Bryant & Hamill
Illinois
$6.94M -$198K -17,507 -2%
Bank of America
29
Bank of America
North Carolina
$6.73M -$3.45M -304,072 -31%
Federated Hermes
30
Federated Hermes
Pennsylvania
$6.48M -$2.31M -203,748 -23%
Goldman Sachs
31
Goldman Sachs
New York
$6.31M -$1.28M -112,801 -15%
GWI
32
Grace & White Inc
New York
$5.2M +$2.68M +236,450 +79%
Legal & General Group
33
Legal & General Group
United Kingdom
$5.19M -$90.9K -8,016 -1%
KCM
34
Kennedy Capital Management
Missouri
$4.32M -$11K -966 -0.2%
Prudential Financial
35
Prudential Financial
New Jersey
$4.21M +$2.72M +239,664 +124%
Axa
36
Axa
France
$4.07M +$3.47M +305,900 +271%
Mackenzie Financial
37
Mackenzie Financial
Ontario, Canada
$4.01M – – –
TCIM
38
TIAA CREF Investment Management
New York
$3.65M -$62.5K -5,513 -1%
SO
39
STRS Ohio
Ohio
$3.63M +$487K +42,933 +13%
RhumbLine Advisers
40
RhumbLine Advisers
Massachusetts
$3.12M +$586K +51,665 +19%
AllianceBernstein
41
AllianceBernstein
Tennessee
$3.06M -$7.09M -625,628 -67%
Robeco Institutional Asset Management
42
Robeco Institutional Asset Management
Netherlands
$2.92M – – –
UBS AM
43
UBS AM
Illinois
$2.77M -$268K -23,681 -8%
Wells Fargo
44
Wells Fargo
California
$2.64M +$743K +65,555 +32%
Two Sigma Investments
45
Two Sigma Investments
New York
$2.53M +$2.69M +236,975 +1,011%
TA
46
Teachers Advisors
New York
$2.53M +$24.3K +2,144 +0.8%
CS
47
Credit Suisse
Switzerland
$2.52M +$148K +13,022 +5%
QI
48
QS Investors
New York
$2.49M – – –
PPA
49
Parametric Portfolio Associates
Washington
$2.48M +$314K +27,675 +12%
State of New Jersey Common Pension Fund D
50
State of New Jersey Common Pension Fund D
New Jersey
$2.15M – – –
1
2
3 4 5

INN Hedge Fund Activity: Q4 2018 in Review

226 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q4 2018, worth a combined $1.03B — down 29% from $1.44B a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new INN positions and 27 closed out — a net gain of 4 holders — while 89 added to existing stakes and 71 trimmed.

The largest buyer was Invesco, adding an estimated $11.2M. The largest seller was Nuveen, cutting an estimated $15.5M.

  • 226 institutional investors held Summit Hotel Properties (INN) as of Q4 2018, up from 222 in Q3 2018.
  • Funds reported $1.03B of Summit Hotel Properties stock for Q4 2018, down 29% quarter-over-quarter.
  • 31 funds opened new Summit Hotel Properties positions in Q4 2018 and 27 closed out, a net change of +4 holders.
  • The largest Summit Hotel Properties buyer in Q4 2018 was Invesco, an estimated $11.2M added.
  • The largest Summit Hotel Properties seller in Q4 2018 was Nuveen, an estimated $15.5M sold.

Based on aggregated 13F filings for Q4 2018.