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INN

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
206
Holders Change
+2
Holders Change %
+0.98%
% of All Funds
3.27%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
27
Increased
59
Reduced
84
Closed
24
Calls
$11K
Puts
$582K
Net Calls
-$571K
Net Calls Change
+$2.3M

Top Buyers

1
H2CM
H/2 Credit Manager
Connecticut
+$10.6M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$1.1M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$1.06M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$781K
5
VOYA Investment Management
VOYA Investment Management
Georgia
+$639K

Top Sellers

1
JP Morgan Chase
JP Morgan Chase
New York
-$8.89M
2
Jennison Associates
Jennison Associates
New York
-$5.87M
3
Millennium Management
Millennium Management
New York
-$5.09M
4
Norges Bank
Norges Bank
Norway
-$3.83M
5
Charles Schwab
Charles Schwab
California
-$3.78M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
26
Goldman Sachs
New York
$4.16M -$3.04M -509,660 -42%
State of New Jersey Common Pension Fund D
27
State of New Jersey Common Pension Fund D
New Jersey
$3.68M -$960K -160,760 -20%
Fisher Asset Management
28
Fisher Asset Management
Washington
$3.65M -$129K -21,630 -3%
Principal Financial Group
29
Principal Financial Group
Iowa
$3.36M -$184K -30,841 -5%
Lazard Asset Management
30
Lazard Asset Management
New York
$3.16M -$655K -109,750 -17%
VOYA Investment Management
31
VOYA Investment Management
Georgia
$2.84M +$639K +106,990 +28%
UBS AM
32
UBS AM
Illinois
$2.8M +$77.3K +12,955 +3%
Two Sigma Advisers
33
Two Sigma Advisers
New York
$2.49M +$135K +22,600 +6%
Millennium Management
34
Millennium Management
New York
$2.44M -$5.09M -853,408 -67%
Envestnet Asset Management
35
Envestnet Asset Management
Illinois
$2.38M +$781K +130,858 +47%
FP
36
Foundry Partners
Minnesota
$2.37M +$173K +29,024 +8%
Ameriprise
37
Ameriprise
Minnesota
$2.12M -$210K -35,223 -9%
RhumbLine Advisers
38
RhumbLine Advisers
Massachusetts
$2.08M -$22K -3,694 -1%
D.E. Shaw & Co
39
D.E. Shaw & Co
New York
$1.57M +$1.1M +184,510 +212%
Tudor Investment Corp
40
Tudor Investment Corp
Connecticut
$1.56M +$7.65K +1,281 +0.5%
AFG
41
Allegheny Financial Group
Pennsylvania
$1.56M +$3.26K +546 +0.2%
Prudential Financial
42
Prudential Financial
New Jersey
$1.55M -$45.6K -7,647 -3%
WHG
43
Westwood Holdings Group
Texas
$1.52M +$225K +37,704 +17%
Two Sigma Investments
44
Two Sigma Investments
New York
$1.45M -$618K -103,548 -29%
ECM
45
Engine Capital Management
New York
$1.41M – – –
SG Americas Securities
46
SG Americas Securities
New York
$1.38M +$291K +48,795 +26%
Swiss National Bank
47
Swiss National Bank
Switzerland
$1.37M +$33.4K +5,600 +2%
Norges Bank
48
Norges Bank
Norway
$1.26M -$3.83M -641,191 -75%
Truist Financial
49
Truist Financial
North Carolina
$1.23M +$15.1K +2,537 +1%
CS
50
Credit Suisse
Switzerland
$1.22M -$74.3K -12,451 -6%
1
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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.