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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
New York State Teachers Retirement System (NYSTRS)
76
New York State Teachers Retirement System (NYSTRS)
New York
$2.06M +$97.9K +8,200 +6%
SO
77
STRS Ohio
Ohio
$2.03M -$37.8K -3,162 -2%
Swiss National Bank
78
Swiss National Bank
Switzerland
$2.02M +$35.8K +3,000 +2%
RJA
79
Raymond James & Associates
Florida
$1.9M +$310K +25,962 +22%
UBS AM
80
UBS AM
Illinois
$1.74M +$100K +8,400 +7%
CAM
81
ClariVest Asset Management
California
$1.69M +$796K +66,600 +109%
Millennium Management
82
Millennium Management
New York
$1.66M -$3.91M -327,350 -72%
RhumbLine Advisers
83
RhumbLine Advisers
Massachusetts
$1.66M -$320K -26,822 -18%
BlackRock
84
BlackRock
New York
$1.52M +$401K +33,585 +42%
Canada Life
85
Canada Life
Manitoba, Canada
$1.48M +$1.22M +102,512 +1,114%
MAM
86
Martingale Asset Management
Massachusetts
$1.47M +$1.33M +110,959 New
DC
87
Deere & Company
Illinois
$1.38M +$1.25M +104,486 New
BTS
88
BB&T Securities
Virginia
$1.37M -$185K -15,494 -13%
Fisher Asset Management
89
Fisher Asset Management
Washington
$1.34M -$374K -31,348 -25%
SAMC
90
Shinko Asset Management Company
Japan
$1.34M -$342K -28,664 -22%
SCM
91
Sterling Capital Management
North Carolina
$1.32M – – –
RA
92
RMR Advisors
Massachusetts
$1.3M – – –
MCM
93
McKinley Capital Management
Alaska
$1.24M +$1.12M +93,987 New
TIAAOA
94
Teachers Insurance & Annuity Association of America
New York
$1.22M – – –
PDN
95
Pensionfund DSM Netherlands
Netherlands
$1.18M – – –
MC
96
Menta Capital
California
$1.17M +$458K +38,350 +77%
KBC Group
97
KBC Group
Belgium
$1.16M +$245K +20,499 +31%
New York State Common Retirement Fund
98
New York State Common Retirement Fund
New York
$1.14M -$888K -74,300 -46%
CC
99
Cipher Capital
New York
$1.13M +$37K +3,095 +4%
ECM
100
ETrade Capital Management
Virginia
$1.06M +$39.6K +3,315 +4%
2 3
4
5 6

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.