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INN

Summit Hotel Properties
INN

153 hedge funds and large institutions have $665M invested in Summit Hotel Properties in 2013 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 69 increasing their positions, 48 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 48

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

1% more capital invested

Capital invested by funds: $660M → $665M (+$5.18M)

1% less funds holding

Funds holding: 154 → 153 (-1)

5% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 21

1.73% less ownership

Funds ownership: 88.5% → 86.76% (-1.7%)

Holders
153
Holders Change
-1
Holders Change %
-0.65%
% of All Funds
4.44%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.15%
New
20
Increased
69
Reduced
48
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WHG
Westwood Holdings Group
Texas
+$7.04M
2
SFM
Systematic Financial Management
New Jersey
+$4.78M
3
BIT
BlackRock Institutional Trust
California
+$4.53M
4
Millennium Management
Millennium Management
New York
+$3.42M
5
EWP
Edmunds White Partners
Virginia
+$3.27M

Top Sellers

Rank Fund Capital Flow
1
SC
Seawolf Capital
New York
-$8.72M
2
PRCM
Pine River Capital Management
Minnesota
-$5.06M
3
NI
Numeric Investors
Massachusetts
-$4.55M
4
EA
Emerald Advisers
Pennsylvania
-$4.01M
5
NC
Nicholas Company
Wisconsin
-$3.89M
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
126
Landscape Capital Management
New Jersey
$135K +$135K +15,000 New
DCM
127
Dean Capital Management
Kansas
$128K +$12.9K +1,430 +11%
William Blair & Company
128
William Blair & Company
Illinois
$127K – – –
KIA
129
KCM Investment Advisors
California
$123K -$17.2K -1,912 -12%
GVT
130
Genesee Valley Trust
New York
$108K +$765 +85 +0.7%
Los Angeles Capital Management
131
Los Angeles Capital Management
California
$104K – – –
Credit Agricole
132
Credit Agricole
France
$102K -$150K -16,687 -59%
Jane Street
133
Jane Street
New York
$102K -$143K -15,857 -58%
CTA
134
Chesley Taft & Associates
Illinois
$96K +$96K +10,658 New
JP Morgan Chase
135
JP Morgan Chase
New York
$91K -$534K -59,281 -85%
LTFS
136
Ladenburg Thalmann Financial Services
Florida
$67K +$117 +13 +0.2%
BJ
137
BlackRock Japan
Japan
$63K – – –
Mitsubishi UFJ Asset Management
138
Mitsubishi UFJ Asset Management
Japan
$54K -$11.7K -1,300 -18%
BG
139
BlackRock Group
United Kingdom
$49K +$49.2K +5,460 New
WA
140
WFG Advisors
Texas
$40K – – –
SAMC
141
Shinko Asset Management Company
Japan
$38K +$7.2K +800 +24%
Teacher Retirement System of Texas
142
Teacher Retirement System of Texas
Texas
$27K -$48.1K -5,348 -64%
MAA
143
Managed Account Advisors
New Jersey
$19K -$664K -73,751 -97%
BlackRock
144
BlackRock
New York
$15K – – –
Daiwa Securities Group
145
Daiwa Securities Group
Japan
$15K – – –
DCMA
146
Daiwa Capital Markets America
New York
$15K +$15.3K +1,700 New
FNBSF
147
First National Bank Sioux Falls
South Dakota
$14K – – –
Envestnet Asset Management
148
Envestnet Asset Management
Illinois
$12K – – –
Creative Planning
149
Creative Planning
Kansas
$2K -$48.1K -5,342 -95%
SGAM
150
Smith Group Asset Management
Texas
$2K – – –
3 4 5
6
7

INN Hedge Fund Activity: Q4 2013 in Review

153 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q4 2013, worth a combined $665M — up 0.78% from $660M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of INN and 20 opened new positions — a net loss of 1 holder — while 48 trimmed existing stakes and 69 added.

The largest buyer was Westwood Holdings Group, adding an estimated $7.04M. The largest seller was Seawolf Capital, exiting entirely with an estimated $8.72M sold.

  • 153 institutional investors held Summit Hotel Properties (INN) as of Q4 2013, down from 154 in Q3 2013.
  • Funds reported $665M of Summit Hotel Properties stock for Q4 2013, up 0.78% quarter-over-quarter.
  • 20 funds opened new Summit Hotel Properties positions in Q4 2013 and 21 closed out, a net change of -1 holder.
  • The largest Summit Hotel Properties buyer in Q4 2013 was Westwood Holdings Group, an estimated $7.04M added.
  • The largest Summit Hotel Properties seller in Q4 2013 was Seawolf Capital, an estimated $8.72M sold.

Based on aggregated 13F filings for Q4 2013.