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INN

Summit Hotel Properties
INN

153 hedge funds and large institutions have $665M invested in Summit Hotel Properties in 2013 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 69 increasing their positions, 48 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 48

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

1% more capital invested

Capital invested by funds: $660M → $665M (+$5.18M)

1% less funds holding

Funds holding: 154 → 153 (-1)

5% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 21

1.73% less ownership

Funds ownership: 88.5% → 86.76% (-1.7%)

Holders
153
Holders Change
-1
Holders Change %
-0.65%
% of All Funds
4.44%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.15%
New
20
Increased
69
Reduced
48
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WHG
Westwood Holdings Group
Texas
+$7.04M
2
SFM
Systematic Financial Management
New Jersey
+$4.78M
3
BIT
BlackRock Institutional Trust
California
+$4.53M
4
Millennium Management
Millennium Management
New York
+$3.42M
5
EWP
Edmunds White Partners
Virginia
+$3.27M

Top Sellers

Rank Fund Capital Flow
1
SC
Seawolf Capital
New York
-$8.72M
2
PRCM
Pine River Capital Management
Minnesota
-$5.06M
3
NI
Numeric Investors
Massachusetts
-$4.55M
4
EA
Emerald Advisers
Pennsylvania
-$4.01M
5
NC
Nicholas Company
Wisconsin
-$3.89M
Name Holding Trade Value Shares
Change 		Change in
Stake
SI
51
Scout Investments
Missouri
$1.92M -$556K -61,750 -22%
AQR Capital Management
52
AQR Capital Management
Connecticut
$1.86M +$486K +53,952 +35%
Barclays
53
Barclays
United Kingdom
$1.85M +$428K +47,523 +30%
Charles Schwab
54
Charles Schwab
California
$1.82M +$185K +20,565 +11%
TIAAOA
55
Teachers Insurance & Annuity Association of America
New York
$1.8M +$307K +34,080 +21%
GI
56
Gradient Investments
Minnesota
$1.78M +$432K +47,981 +32%
Two Sigma Investments
57
Two Sigma Investments
New York
$1.56M +$1.08M +120,287 +229%
U
58
UBS
Switzerland
$1.53M +$1.53M +170,193 +40,912%
Renaissance Technologies
59
Renaissance Technologies
New York
$1.48M +$1.15M +127,559 +349%
California State Teachers Retirement System (CalSTRS)
60
California State Teachers Retirement System (CalSTRS)
California
$1.3M +$54K +6,000 +4%
CS
61
Credit Suisse
Switzerland
$1.26M +$67K +7,447 +6%
SO
62
STRS Ohio
Ohio
$1.25M -$113K -12,598 -8%
Wells Fargo
63
Wells Fargo
California
$1.16M -$480K -53,344 -29%
VRS
64
Virginia Retirement Systems
Virginia
$1.07M +$185K +20,500 +21%
Comerica Bank
65
Comerica Bank
Texas
$1.07M +$1.07M +118,744 New
LPC
66
Loeb Partners Corp
New York
$1.05M +$97.2K +10,800 +10%
DC
67
Deere & Company
Illinois
$1.02M +$132K +14,665 +15%
MCM
68
Munder Capital Management
Michigan
$1.01M +$225K +25,000 +29%
RhumbLine Advisers
69
RhumbLine Advisers
Massachusetts
$906K +$42.3K +4,700 +5%
AllianceBernstein
70
AllianceBernstein
Tennessee
$898K -$37.8K -4,200 -4%
EC
71
EJF Capital
Virginia
$864K -$36K -4,000 -4%
Ohio Public Employees Retirement System (OPERS)
72
Ohio Public Employees Retirement System (OPERS)
Ohio
$856K – – –
GWI
73
Grace & White Inc
New York
$846K +$269K +29,850 +47%
CCA
74
Catalyst Capital Advisors
New York
$783K +$783K +87,000 New
FAAS
75
First Allied Advisory Services
California
$776K +$475K +52,708 +160%
1 2
3
4 5

INN Hedge Fund Activity: Q4 2013 in Review

153 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q4 2013, worth a combined $665M — up 0.78% from $660M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of INN and 20 opened new positions — a net loss of 1 holder — while 48 trimmed existing stakes and 69 added.

The largest buyer was Westwood Holdings Group, adding an estimated $7.04M. The largest seller was Seawolf Capital, exiting entirely with an estimated $8.72M sold.

  • 153 institutional investors held Summit Hotel Properties (INN) as of Q4 2013, down from 154 in Q3 2013.
  • Funds reported $665M of Summit Hotel Properties stock for Q4 2013, up 0.78% quarter-over-quarter.
  • 20 funds opened new Summit Hotel Properties positions in Q4 2013 and 21 closed out, a net change of -1 holder.
  • The largest Summit Hotel Properties buyer in Q4 2013 was Westwood Holdings Group, an estimated $7.04M added.
  • The largest Summit Hotel Properties seller in Q4 2013 was Seawolf Capital, an estimated $8.72M sold.

Based on aggregated 13F filings for Q4 2013.