Summit Hotel Properties
INN
154 hedge funds and large institutions have $660M invested in Summit Hotel Properties in 2013 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 75 increasing their positions, 31 reducing their positions, and 6 closing their positions.
3,060% more call options, than puts
Call options by funds: $158K | Put options by funds: $5K
283% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 6
142% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 31
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
18% more capital invested
Capital invested by funds: $558M → $660M (+$102M)
12% more funds holding
Funds holding: 137 → 154 (+17)
1.13% less ownership
Funds ownership: 89.63% → 88.5% (-1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$19.8M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$15.9M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$15.7M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$13.6M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
+$5.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$10.7M |
| 2 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
-$4.75M |
| 3 |
CM
Castleark Management
Chicago,
Illinois
|
-$2.6M |
| 4 |
EWP
Edmunds White Partners
Richmond,
Virginia
|
-$1.79M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.41M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SGAM
151
Smith Group Asset Management
Dallas,
Texas
| $2K | – | – | – |
|
|
GC
152
Globeflex Capital
San Diego,
California
| $1K | – | – | – |
|
153
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $446 | – | – | – |
|
|
CM
154
Castleark Management
Chicago,
Illinois
| – | -$2.6M | -274,875 | Closed |
|
|
EWP
155
Edmunds White Partners
Richmond,
Virginia
| – | -$1.79M | -186,178 | Closed |
|
156
Two Sigma Advisers
New York
| – | -$407K | -43,041 | Closed |
|
|
B
157
Baird
Milwaukee,
Wisconsin
| – | -$287K | -30,381 | Closed |
|
158
LPL Financial
San Diego,
California
| – | -$129K | -13,664 | Closed |
|
|
JFGIW
159
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
| – | -$3K | -304 | Closed |
|
|
FTUS
160
Flow Traders U.S.
New York
| – | +$19 | +2 | New |
|
INN Hedge Fund Activity: Q3 2013 in Review
154 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q3 2013, worth a combined $660M — up 18% from $558M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new INN positions and 6 closed out — a net gain of 17 holders — while 75 added to existing stakes and 31 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $19.8M. The largest seller was Ameriprise, cutting an estimated $10.7M.
- 154 institutional investors held Summit Hotel Properties (INN) as of Q3 2013, up from 137 in Q2 2013.
- Funds reported $660M of Summit Hotel Properties stock for Q3 2013, up 18% quarter-over-quarter.
- 23 funds opened new Summit Hotel Properties positions in Q3 2013 and 6 closed out, a net change of +17 holders.
- The largest Summit Hotel Properties buyer in Q3 2013 was Wellington Management Group, an estimated $19.8M added.
- The largest Summit Hotel Properties seller in Q3 2013 was Ameriprise, an estimated $10.7M sold.
Based on aggregated 13F filings for Q3 2013.