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INN

Summit Hotel Properties
INN

229 hedge funds and large institutions have $1.43B invested in Summit Hotel Properties in 2018 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 90 increasing their positions, 81 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 16

11% more repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 81

1.54% more ownership

Funds ownership: 99% → 100.54% (+1.5%)

1% more funds holding

Funds holding: 226 → 229 (+3)

9% less capital invested

Capital invested by funds: $1.57B → $1.43B (-$143M)

Holders
229
Holders Change
+3
Holders Change %
+1.33%
% of All Funds
5.25%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
21
Increased
90
Reduced
81
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jennison Associates
Jennison Associates
New York
+$22.7M
2
N
Nuveen
North Carolina
+$18M
3
Victory Capital Management
Victory Capital Management
Texas
+$9.2M
4
DPIM
Duff & Phelps Investment Management
Illinois
+$8.57M
5
Macquarie Group
Macquarie Group
Australia
+$8.52M

Top Sellers

Rank Fund Capital Flow
1
Principal Financial Group
Principal Financial Group
Iowa
-$20.9M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$16.8M
3
Millennium Management
Millennium Management
New York
-$16.4M
4
Renaissance Technologies
Renaissance Technologies
New York
-$5.99M
5
Prudential Financial
Prudential Financial
New Jersey
-$5.77M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
101
Bank of Montreal
Ontario, Canada
$1.06M -$93.2K -6,500 -8%
Manulife (Manufacturers Life Insurance)
102
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.06M -$16.8K -1,172 -1%
SAM
103
Shell Asset Management
Netherlands
$1.03M – – –
State of Tennessee, Department of Treasury
104
State of Tennessee, Department of Treasury
Tennessee
$1M -$111K -7,734 -10%
TPSF
105
Texas Permanent School Fund
Texas
$939K -$20.9K -1,455 -2%
ACI
106
AMP Capital Investors
Australia
$928K -$2.94K -205 -0.3%
AIG
107
American International Group
New York
$902K -$233K -16,221 -20%
Public Sector Pension Investment Board (PSP Investments)
108
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$902K – – –
Nomura Asset Management
109
Nomura Asset Management
Japan
$867K +$68.8K +4,800 +8%
DCM
110
Dupont Capital Management
Delaware
$808K -$380K -26,483 -31%
Royal Bank of Canada
111
Royal Bank of Canada
Ontario, Canada
$807K +$70.4K +4,910 +9%
Citadel Advisors
112
Citadel Advisors
Florida
$716K +$335K +23,342 +80%
PDN
113
Pensionfund DSM Netherlands
Netherlands
$667K – – –
WG
114
Winton Group
United Kingdom
$666K +$702K +48,939 New
SCA
115
Secor Capital Advisors
New York
$665K -$4.72M -329,357 -87%
MIM
116
MetLife Investment Management
New Jersey
$655K – – –
LPC
117
Loeb Partners Corp
New York
$632K +$5.74K +400 +0.9%
LSERS
118
Louisiana State Employees Retirement System
Louisiana
$629K +$20.1K +1,400 +3%
KBC Group
119
KBC Group
Belgium
$621K -$1.63M -113,461 -71%
VOYA Investment Management
120
VOYA Investment Management
Georgia
$621K – – –
BNP Paribas Financial Markets
121
BNP Paribas Financial Markets
France
$592K -$434K -30,300 -41%
ECM
122
Elgethun Capital Management
South Dakota
$584K +$5.21K +363 +0.9%
OAM
123
Oppenheimer Asset Management
New York
$579K +$171K +11,960 +39%
MERSOM
124
Municipal Employees' Retirement System of Michigan
Michigan
$567K +$31.3K +2,180 +6%
BC
125
Banced Corp
Illinois
$545K +$57.5K +4,008 +11%
3 4
5
6 7

INN Hedge Fund Activity: Q1 2018 in Review

229 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q1 2018, worth a combined $1.43B — down 9.1% from $1.57B a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new INN positions and 16 closed out — a net gain of 5 holders — while 90 added to existing stakes and 81 trimmed.

The largest buyer was Jennison Associates, adding an estimated $22.7M. The largest seller was Principal Financial Group, cutting an estimated $20.9M.

  • 229 institutional investors held Summit Hotel Properties (INN) as of Q1 2018, up from 226 in Q4 2017.
  • Funds reported $1.43B of Summit Hotel Properties stock for Q1 2018, down 9.1% quarter-over-quarter.
  • 21 funds opened new Summit Hotel Properties positions in Q1 2018 and 16 closed out, a net change of +5 holders.
  • The largest Summit Hotel Properties buyer in Q1 2018 was Jennison Associates, an estimated $22.7M added.
  • The largest Summit Hotel Properties seller in Q1 2018 was Principal Financial Group, an estimated $20.9M sold.

Based on aggregated 13F filings for Q1 2018.