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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
+$13.8M |
| 2 |
Bank of New York Mellon
New York
|
+$10.1M |
| 3 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$8.22M |
| 4 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$6.2M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$5.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
-$13.6M |
| 2 |
NC
Nicholas Company
Milwaukee,
Wisconsin
|
-$4.97M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$4.59M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$2.25M |
| 5 |
CPP
Crow Point Partners
Boston,
Massachusetts
|
-$2.02M |
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.