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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
TRCT
151
Tower Research Capital (TRC)
New York
$1K -$158K -17,516 -99%
GC
152
Globeflex Capital
California
$1K – – –
Manulife (Manufacturers Life Insurance)
153
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$548 +$111K +12,372 +25%
SC
154
Seawolf Capital
New York
– -$8.72M -950,000 Closed
PRCM
155
Pine River Capital Management
Minnesota
– -$5.06M -550,481 Closed
EA
156
Emerald Advisers
Pennsylvania
– -$4.01M -436,309 Closed
EMFAT
157
Emerald Mutual Fund Advisers Trust
Pennsylvania
– -$3.69M -401,338 Closed
Nomura Holdings
158
Nomura Holdings
Japan
– -$2.98M -324,706 Closed
BPIM
159
Brant Point Investment Management
New York
– -$2.94M -320,000 Closed
MPAM
160
Monarch Partners Asset Management
Massachusetts
– -$2.54M -275,914 Closed
HAMF
161
Hatteras Alternative Mutual Funds
North Carolina
– -$2.3M -250,480 Closed
QBFM
162
QS Batterymarch Financial Management
New York
– -$1.5M -163,259 Closed
PCM
163
Penn Capital Management
Pennsylvania
– -$1.14M -123,858 Closed
RJA
164
Raymond James & Associates
Florida
– -$938K -102,025 Closed
Goldman Sachs
165
Goldman Sachs
New York
– -$429K -46,707 Closed
ProShare Advisors
166
ProShare Advisors
Maryland
– -$385K -41,876 Closed
JG
167
Jefferies Group
New York
– -$384K -41,736 Closed
VKH
168
Virtu KCG Holdings
New York
– -$277K -30,171 Closed
CCM
169
Coe Capital Management
Illinois
– -$268K -29,170 Closed
SG Americas Securities
170
SG Americas Securities
New York
– -$179K -19,511 Closed
NTCOC
171
Northern Trust Company of Connecticut
Connecticut
– -$113K -12,320 Closed
NCCM
172
Nine Chapters Capital Management
New Jersey
– -$108K -11,800 Closed
PAA
173
Peregrine Asset Advisers
Oregon
– -$92K -10,000 Closed
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.