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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
Asset Management One
51
Asset Management One
Japan
$2.85M -$168K -15,649 -6%
CS
52
Comerica Securities
Michigan
$2.75M +$2.74M +255,278 New
NC
53
Nicholas Company
Wisconsin
$2.73M -$4.97M -464,275 -65%
Fiera Capital (Canada)
54
Fiera Capital (Canada)
Quebec, Canada
$2.59M +$2.58M +240,600 New
Renaissance Technologies
55
Renaissance Technologies
New York
$2.53M -$1.42M -132,867 -36%
Charles Schwab
56
Charles Schwab
California
$2.42M -$111K -10,395 -4%
KAM
57
Keeley Asset Management
Illinois
$2.38M – – –
EWP
58
Edmunds White Partners
Virginia
$2.22M -$1.09M -101,632 -33%
TIAAOA
59
Teachers Insurance & Annuity Association of America
New York
$2.01M – – –
SO
60
STRS Ohio
Ohio
$1.86M +$358K +33,405 +24%
Deutsche Bank
61
Deutsche Bank
Germany
$1.78M +$859K +80,163 +94%
JP Morgan Chase
62
JP Morgan Chase
New York
$1.74M +$1.73M +161,632 New
California State Teachers Retirement System (CalSTRS)
63
California State Teachers Retirement System (CalSTRS)
California
$1.7M +$19.3K +1,797 +1%
SCM
64
SG Capital Management
Illinois
$1.57M +$1.15M +107,608 +280%
Wells Fargo
65
Wells Fargo
California
$1.48M +$135K +12,644 +10%
RFC
66
Regions Financial Corp
Alabama
$1.45M +$226K +21,129 +19%
ECM
67
EII Capital Management
New York
$1.36M – – –
PNC Financial Services Group
68
PNC Financial Services Group
Pennsylvania
$1.33M +$60.1K +5,606 +5%
MAA
69
Managed Account Advisors
New Jersey
$1.29M +$242K +22,546 +23%
CCMH
70
Cornerstone Capital Management Holdings
New York
$1.27M +$873K +81,500 +227%
Barclays
71
Barclays
United Kingdom
$1.18M +$16.3K +1,525 +1%
PCMI
72
Paradigm Capital Management Inc
New York
$1.12M -$11.5K -1,075 -1%
RhumbLine Advisers
73
RhumbLine Advisers
Massachusetts
$1.11M -$13.9K -1,300 -1%
AllianceBernstein
74
AllianceBernstein
Tennessee
$1.1M – – –
RA
75
RMR Advisors
Massachusetts
$1.06M – – –
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.