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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
QBFM
76
QS Batterymarch Financial Management
New York
$1.03M +$1.03M +96,000 New
Ohio Public Employees Retirement System (OPERS)
77
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.02M – – –
GWI
78
Grace & White Inc
New York
$1.01M – – –
CS
79
Credit Suisse
Switzerland
$1.01M -$412K -38,433 -29%
Swiss National Bank
80
Swiss National Bank
Switzerland
$987K -$18.2K -1,700 -2%
MCM
81
Munder Capital Management
Michigan
$867K -$103K -9,653 -11%
MLICM
82
Metropolitan Life Insurance Company (MetLife)
New York
$862K -$7.21K -673 -0.8%
IA
83
IndexIQ Advisors
New York
$744K +$37.2K +3,470 +5%
AQR Capital Management
84
AQR Capital Management
Connecticut
$743K -$237K -22,100 -24%
FMA
85
Fiduciary Management Associates
Illinois
$738K +$26.9K +2,510 +4%
D.E. Shaw & Co
86
D.E. Shaw & Co
New York
$738K +$734K +68,499 New
EC
87
EJF Capital
Virginia
$701K +$236K +22,000 +51%
Sumitomo Mitsui Trust Group
88
Sumitomo Mitsui Trust Group
Japan
$696K +$49K +4,575 +8%
California Public Employees Retirement System
89
California Public Employees Retirement System
California
$695K +$125K +11,700 +22%
DC
90
Deere & Company
Illinois
$688K -$381K -35,575 -36%
VRS
91
Virginia Retirement Systems
Virginia
$664K -$19.3K -1,800 -3%
JWM
92
Jacobus Wealth Management
Wisconsin
$657K +$653K +60,936 New
US Bancorp
93
US Bancorp
Minnesota
$629K +$121K +11,294 +24%
LPC
94
Loeb Partners Corp
New York
$612K -$214K -20,000 -26%
Bank of America
95
Bank of America
North Carolina
$604K +$148K +13,818 +33%
AIG
96
American International Group
New York
$603K -$429 -40 -0.1%
VOYA Investment Management
97
VOYA Investment Management
Georgia
$558K – – –
PPA
98
Parametric Portfolio Associates
Washington
$543K +$54K +5,042 +11%
Thrivent Financial for Lutherans
99
Thrivent Financial for Lutherans
Minnesota
$535K -$2.14K -200 -0.4%
AAM
100
Aberdeen Asset Management
United Kingdom
$497K – – –
2 3
4
5 6

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.