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INN

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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
214
Holders Change
+2
Holders Change %
+0.94%
% of All Funds
4.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
48
Increased
73
Reduced
62
Closed
43
Calls
$708K
Puts
$1K
Net Calls
+$707K
Net Calls Change
+$754K

Top Buyers

Rank Fund Capital Flow
1
HRES
Heitman Real Estate Securities
Illinois
+$11.1M
2
PCM
Peregrine Capital Management
Minnesota
+$4.26M
3
PPA
Parametric Portfolio Associates
Washington
+$3.16M
4
N
Nuveen
North Carolina
+$2.46M
5
GKIM
GW&K Investment Management
Massachusetts
+$2.45M

Top Sellers

Rank Fund Capital Flow
1
Victory Capital Management
Victory Capital Management
Texas
-$13M
2
ClearBridge Investments
ClearBridge Investments
New York
-$9.51M
3
Invesco
Invesco
Georgia
-$8.59M
4
Jennison Associates
Jennison Associates
New York
-$5.49M
5
SFM
Systematic Financial Management
New Jersey
-$5.45M
Name Holding Trade Value Shares
Change 		Change in
Stake
Ameriprise
26
Ameriprise
Minnesota
$4.62M +$188K +33,280 +4%
PCM
27
Peregrine Capital Management
Minnesota
$4.48M +$4.26M +756,235 New
Prudential Financial
28
Prudential Financial
New Jersey
$4.2M -$245K -43,407 -6%
SFM
29
Systematic Financial Management
New Jersey
$3.87M -$5.45M -966,994 -60%
Morgan Stanley
30
Morgan Stanley
New York
$2.89M -$116K -20,624 -4%
UBS AM
31
UBS AM
Illinois
$2.87M +$589K +104,466 +27%
Barclays
32
Barclays
United Kingdom
$2.85M +$1.18M +209,865 +78%
RhumbLine Advisers
33
RhumbLine Advisers
Massachusetts
$2.66M -$196K -34,845 -7%
NIPH
34
NN Investment Partners Holdings
Netherlands
$2.56M -$4.14M -734,757 -63%
Wells Fargo
35
Wells Fargo
California
$2.55M -$167K -29,697 -6%
Invesco
36
Invesco
Georgia
$2.23M -$8.59M -1,523,826 -80%
State of New Jersey Common Pension Fund D
37
State of New Jersey Common Pension Fund D
New Jersey
$2.17M -$587K -104,195 -22%
Millennium Management
38
Millennium Management
New York
$2.15M +$739K +131,109 +57%
Ohio Public Employees Retirement System (OPERS)
39
Ohio Public Employees Retirement System (OPERS)
Ohio
$2.06M -$9.94K -1,763 -0.5%
Franklin Resources
40
Franklin Resources
California
$1.99M +$2M +355,645 New
First Trust Advisors
41
First Trust Advisors
Illinois
$1.82M +$631K +111,858 +57%
AG
42
Aperio Group
California
$1.79M +$782K +138,741 +85%
Envestnet Asset Management
43
Envestnet Asset Management
Illinois
$1.68M +$317K +56,158 +25%
Truist Financial
44
Truist Financial
North Carolina
$1.51M -$66.4K -11,784 -4%
Sumitomo Mitsui Trust Group
45
Sumitomo Mitsui Trust Group
Japan
$1.45M +$160K +28,421 +13%
QI
46
QS Investors
New York
$1.41M -$60.3K -10,700 -4%
California Public Employees Retirement System
47
California Public Employees Retirement System
California
$1.4M -$19.3K -3,423 -1%
Public Sector Pension Investment Board (PSP Investments)
48
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.4M – – –
Swiss National Bank
49
Swiss National Bank
Switzerland
$1.39M +$173K +30,700 +15%
VEA
50
Virtus ETF Advisers
New York
$1.34M +$518K +91,921 +69%
1
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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.