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INN

Summit Hotel Properties
INN

192 hedge funds and large institutions have $682M invested in Summit Hotel Properties in 2023 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 64 increasing their positions, 70 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

467% more call options, than puts

Call options by funds: $17K | Put options by funds: $3K

19% more capital invested

Capital invested by funds: $572M → $682M (+$110M)

2.67% more ownership

Funds ownership: 91.71% → 94.39% (+2.7%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

9% less repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 70

7% less funds holding

Funds holding: 206 → 192 (-14)

33% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 36

Holders
192
Holders Change
-14
Holders Change %
-6.8%
% of All Funds
2.8%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
24
Increased
64
Reduced
70
Closed
36
Calls
$17K
Puts
$3K
Net Calls
+$14K
Net Calls Change
+$585K

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$24.5M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$11.1M
3
Deutsche Bank
Deutsche Bank
Germany
+$9.22M
4
BlackRock
BlackRock
New York
+$7.17M
5
Bank of America
Bank of America
North Carolina
+$6.92M

Top Sellers

Rank Fund Capital Flow
1
GKIM
GW&K Investment Management
Massachusetts
-$20.2M
2
American Century Companies
American Century Companies
Missouri
-$8.93M
3
Jennison Associates
Jennison Associates
New York
-$7.04M
4
JP Morgan Chase
JP Morgan Chase
New York
-$2.72M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$2.38M
Name Holding Trade Value Shares
Change 		Change in
Stake
State Board of Administration of Florida Retirement System
101
State Board of Administration of Florida Retirement System
Florida
$293K – – –
COPPSERS
102
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$284K -$183K -29,721 -41%
Teacher Retirement System of Texas
103
Teacher Retirement System of Texas
Texas
$282K +$3.18K +516 +1%
AB
104
Amalgamated Bank
New York
$272K -$15.5K -2,518 -6%
CCIA
105
Cherry Creek Investment Advisors
Colorado
$266K +$1.14K +185 +0.5%
MSRPS
106
Maryland State Retirement & Pension System
Maryland
$266K – – –
NSEDCP
107
NJ State Employees Deferred Compensation Plan
New Jersey
$236K – – –
TRSOTSOK
108
Teachers Retirement System of the State of Kentucky
Kentucky
$233K – – –
BHCM
109
Brevan Howard Capital Management
Jersey
$232K +$213K +34,576 New
YIH
110
Y-Intercept (HK)
Hong Kong
$220K -$132K -21,433 -40%
Daiwa Securities Group
111
Daiwa Securities Group
Japan
$216K -$9.8K -1,592 -5%
New York State Common Retirement Fund
112
New York State Common Retirement Fund
New York
$215K +$215 +35 +0.1%
ECM
113
Elgethun Capital Management
South Dakota
$214K +$1.39K +226 +0.7%
SFA
114
Sequoia Financial Advisors
Ohio
$212K +$25.3K +4,109 +15%
OPERF
115
Oregon Public Employees Retirement Fund
Oregon
$211K -$3.08K -500 -2%
UM
116
UniSuper Management
Australia
$207K – – –
ASRS
117
Arizona State Retirement System
Arizona
$202K -$3.24K -527 -2%
SAM
118
Shell Asset Management
Netherlands
$198K -$53.8K -8,742 -23%
DekaBank Deutsche Girozentrale
119
DekaBank Deutsche Girozentrale
Germany
$194K – – –
Pictet Asset Management
120
Pictet Asset Management
Switzerland
$192K – – –
KeyBank National Association
121
KeyBank National Association
Ohio
$167K -$61.2K -9,942 -29%
ECM
122
Everence Capital Management
Indiana
$159K – – –
SO
123
STRS Ohio
Ohio
$149K – – –
Pathstone Holdings
124
Pathstone Holdings
New Jersey
$144K +$131K +21,364 New
Point72 Asset Management
125
Point72 Asset Management
Connecticut
$140K +$129K +20,900 New
3 4
5
6 7

INN Hedge Fund Activity: Q4 2023 in Review

192 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q4 2023, worth a combined $682M — up 19% from $572M a quarter earlier.

Sellers outnumbered buyers: 36 funds closed out of INN and 24 opened new positions — a net loss of 12 holders — while 70 trimmed existing stakes and 64 added.

The largest buyer was Morgan Stanley, adding an estimated $24.5M. The largest seller was GW&K Investment Management, cutting an estimated $20.2M.

  • 192 institutional investors held Summit Hotel Properties (INN) as of Q4 2023, down from 206 in Q3 2023.
  • Funds reported $682M of Summit Hotel Properties stock for Q4 2023, up 19% quarter-over-quarter.
  • 24 funds opened new Summit Hotel Properties positions in Q4 2023 and 36 closed out, a net change of -12 holders.
  • The largest Summit Hotel Properties buyer in Q4 2023 was Morgan Stanley, an estimated $24.5M added.
  • The largest Summit Hotel Properties seller in Q4 2023 was GW&K Investment Management, an estimated $20.2M sold.

Based on aggregated 13F filings for Q4 2023.