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INN

Summit Hotel Properties
INN

206 hedge funds and large institutions have $572M invested in Summit Hotel Properties in 2023 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 59 increasing their positions, 84 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 24

1% more funds holding

Funds holding: 204 → 206 (+2)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4.4% less ownership

Funds ownership: 96.11% → 91.71% (-4.4%)

15% less capital invested

Capital invested by funds: $673M → $572M (-$101M)

30% less repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 84

98% less call options, than puts

Call options by funds: $11K | Put options by funds: $582K

Holders
206
Holders Change
+2
Holders Change %
+0.98%
% of All Funds
3.27%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
27
Increased
59
Reduced
84
Closed
24
Calls
$11K
Puts
$582K
Net Calls
-$571K
Net Calls Change
+$2.3M

Top Buyers

1
H2CM
H/2 Credit Manager
Connecticut
+$10.6M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$1.1M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$1.06M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$781K
5
VOYA Investment Management
VOYA Investment Management
Georgia
+$639K

Top Sellers

1
JP Morgan Chase
JP Morgan Chase
New York
-$8.89M
2
Jennison Associates
Jennison Associates
New York
-$5.87M
3
Millennium Management
Millennium Management
New York
-$5.09M
4
Norges Bank
Norges Bank
Norway
-$3.83M
5
Charles Schwab
Charles Schwab
California
-$3.78M
Name Holding Trade Value Shares
Change 		Change in
Stake
TPSF
76
Texas Permanent School Fund
Texas
$525K -$20K -3,354 -4%
Ensign Peak Advisors
77
Ensign Peak Advisors
Utah
$521K – – –
Nisa Investment Advisors
78
Nisa Investment Advisors
Missouri
$519K +$4.78K +801 +0.9%
ECM
79
ExodusPoint Capital Management
New York
$505K -$796K -133,297 -60%
APG Asset Management
80
APG Asset Management
Netherlands
$473K +$486K +81,500 New
Citigroup
81
Citigroup
New York
$438K -$69.8K -11,692 -13%
Wells Fargo
82
Wells Fargo
California
$426K -$168K -28,127 -28%
COPPSERS
83
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$417K -$296K -49,559 -41%
HF
84
HRT Financial
New York
$405K +$417K +69,847 New
PDN
85
Pensionfund DSM Netherlands
Netherlands
$400K – – –
Natixis Advisors
86
Natixis Advisors
Massachusetts
$382K +$6.04K +1,012 +2%
State of Tennessee, Department of Treasury
87
State of Tennessee, Department of Treasury
Tennessee
$376K +$10.4K +1,744 +3%
CIC
88
Cornercap Investment Counsel
Georgia
$371K +$382K +64,050 New
T. Rowe Price Associates
89
T. Rowe Price Associates
Maryland
$371K +$16.7K +2,791 +5%
Mitsubishi UFJ Asset Management
90
Mitsubishi UFJ Asset Management
Japan
$370K – – –
IMRF
91
Illinois Municipal Retirement Fund
Illinois
$369K +$380K +63,676 New
Comerica Bank
92
Comerica Bank
Texas
$364K +$375K +62,829 New
OAM
93
Oppenheimer Asset Management
New York
$364K -$1.55K -260 -0.4%
Citadel Advisors
94
Citadel Advisors
Florida
$354K +$112K +18,692 +44%
Squarepoint
95
Squarepoint
New York
$343K +$353K +59,120 New
Franklin Resources
96
Franklin Resources
California
$341K +$351K +58,793 New
AIG
97
American International Group
New York
$334K +$7.24K +1,213 +2%
Renaissance Technologies
98
Renaissance Technologies
New York
$326K -$993K -166,400 -75%
BNP Paribas Financial Markets
99
BNP Paribas Financial Markets
France
$323K +$129K +21,658 +63%
MIM
100
MetLife Investment Management
New Jersey
$321K – – –
2 3
4
5 6

INN Hedge Fund Activity: Q3 2023 in Review

206 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q3 2023, worth a combined $572M — down 15% from $673M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new INN positions and 24 closed out — a net gain of 3 holders — while 59 added to existing stakes and 84 trimmed.

The largest buyer was H/2 Credit Manager, adding an estimated $10.6M. The largest seller was JP Morgan Chase, cutting an estimated $8.89M.

  • 206 institutional investors held Summit Hotel Properties (INN) as of Q3 2023, up from 204 in Q2 2023.
  • Funds reported $572M of Summit Hotel Properties stock for Q3 2023, down 15% quarter-over-quarter.
  • 27 funds opened new Summit Hotel Properties positions in Q3 2023 and 24 closed out, a net change of +3 holders.
  • The largest Summit Hotel Properties buyer in Q3 2023 was H/2 Credit Manager, an estimated $10.6M added.
  • The largest Summit Hotel Properties seller in Q3 2023 was JP Morgan Chase, an estimated $8.89M sold.

Based on aggregated 13F filings for Q3 2023.