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INN

Summit Hotel Properties
INN

208 hedge funds and large institutions have $1.14B invested in Summit Hotel Properties in 2016 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 89 increasing their positions, 57 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

76% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 17

56% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 57

18% more capital invested

Capital invested by funds: $962M → $1.14B (+$174M)

6% more funds holding

Funds holding: 197 → 208 (+11)

4.89% more ownership

Funds ownership: 93.3% → 98.19% (+4.9%)

80% less call options, than puts

Call options by funds: $26K | Put options by funds: $131K

Holders
208
Holders Change
+11
Holders Change %
+5.58%
% of All Funds
5.55%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
30
Increased
89
Reduced
57
Closed
17
Calls
$26K
Puts
$131K
Net Calls
-$105K
Net Calls Change
-$58K

Top Buyers

1
Macquarie Group
Macquarie Group
Australia
+$35.3M
2
HRES
Heitman Real Estate Securities
Illinois
+$10.7M
3
LSV Asset Management
LSV Asset Management
Illinois
+$9.37M
4
HW
Hancock Whitney
Mississippi
+$7.62M
5
BIT
BlackRock Institutional Trust
California
+$5.49M

Top Sellers

1
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$15.4M
2
GT
Glenmede Trust
Pennsylvania
-$11M
3
JP Morgan Chase
JP Morgan Chase
New York
-$5.8M
4
GI
Gradient Investments
Minnesota
-$4.27M
5
Millennium Management
Millennium Management
New York
-$3.91M
Name Holding Trade Value Shares
Change 		Change in
Stake
PPA
51
Parametric Portfolio Associates
Washington
$3.45M +$491K +41,105 +19%
Deutsche Bank
52
Deutsche Bank
Germany
$3.45M +$904K +75,667 +41%
EA
53
Emerald Acquisition
Washington
$3.24M +$2.94M +246,423 New
GC
54
Guggenheim Capital
Illinois
$3.16M +$1.24M +103,556 +76%
DIA
55
Dean Investment Associates
Ohio
$3.05M -$31.2K -2,610 -1%
BCM
56
Bridgeway Capital Management
Texas
$3.03M +$208K +17,400 +8%
AQR Capital Management
57
AQR Capital Management
Connecticut
$2.97M +$1.79M +149,588 +200%
VRS
58
Virginia Retirement Systems
Virginia
$2.87M +$2.59M +217,100 New
HIS
59
Horizon Investment Services
Indiana
$2.83M +$2.55M +213,535 New
GWI
60
Grace & White Inc
New York
$2.81M – – –
Axa
61
Axa
France
$2.76M +$303K +25,400 +14%
Skandinaviska Enskilda Banken (SEB)
62
Skandinaviska Enskilda Banken (SEB)
Sweden
$2.72M +$1.94M +162,200 +373%
CS
63
Comerica Securities
Michigan
$2.66M +$5.53K +463 +0.2%
LM
64
Lincluden Management
Ontario, Canada
$2.59M – – –
CCMH
65
Cornerstone Capital Management Holdings
New York
$2.53M +$367K +30,700 +19%
Asset Management One
66
Asset Management One
Japan
$2.46M -$17.9K -1,500 -0.8%
VOYA Investment Management
67
VOYA Investment Management
Georgia
$2.45M – – –
Ohio Public Employees Retirement System (OPERS)
68
Ohio Public Employees Retirement System (OPERS)
Ohio
$2.44M +$1.06M +88,900 +94%
First Trust Advisors
69
First Trust Advisors
Illinois
$2.41M +$1.34M +112,064 +160%
California State Teachers Retirement System (CalSTRS)
70
California State Teachers Retirement System (CalSTRS)
California
$2.4M -$46.6K -3,901 -2%
Goldman Sachs
71
Goldman Sachs
New York
$2.32M +$430K +36,037 +26%
Allianz Asset Management
72
Allianz Asset Management
Germany
$2.29M +$1.54M +128,970 +295%
Legal & General Group
73
Legal & General Group
United Kingdom
$2.26M +$123K +10,337 +6%
California Public Employees Retirement System
74
California Public Employees Retirement System
California
$2.16M +$1.02M +85,800 +111%
SAM
75
Shell Asset Management
Netherlands
$2.13M -$109K -9,158 -5%
1 2
3
4 5

INN Hedge Fund Activity: Q2 2016 in Review

208 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q2 2016, worth a combined $1.14B — up 18% from $962M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new INN positions and 17 closed out — a net gain of 13 holders — while 89 added to existing stakes and 57 trimmed.

The largest buyer was Macquarie Group, adding an estimated $35.3M. The largest seller was 1832 Asset Management, exiting entirely with an estimated $15.4M sold.

  • 208 institutional investors held Summit Hotel Properties (INN) as of Q2 2016, up from 197 in Q1 2016.
  • Funds reported $1.14B of Summit Hotel Properties stock for Q2 2016, up 18% quarter-over-quarter.
  • 30 funds opened new Summit Hotel Properties positions in Q2 2016 and 17 closed out, a net change of +13 holders.
  • The largest Summit Hotel Properties buyer in Q2 2016 was Macquarie Group, an estimated $35.3M added.
  • The largest Summit Hotel Properties seller in Q2 2016 was 1832 Asset Management, an estimated $15.4M sold.

Based on aggregated 13F filings for Q2 2016.