Summit Hotel Properties
INN
221 hedge funds and large institutions have $1.24B invested in Summit Hotel Properties in 2019 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 89 increasing their positions, 55 reducing their positions, and 30 closing their positions.
62% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 55
21% more capital invested
Capital invested by funds: $1.03B → $1.24B (+$211M)
1.6% more ownership
Funds ownership: 101.15% → 102.75% (+1.6%)
2% less funds holding
Funds holding: 226 → 221 (-5)
17% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 30
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $143K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$10.8M |
| 2 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
+$7.92M |
| 3 |
TA
Teachers Advisors
New York
|
+$7.42M |
| 4 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$6.31M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$6.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
-$18.5M |
| 2 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
-$6.94M |
| 3 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$6.48M |
| 4 |
BlackRock
New York
|
-$4.2M |
| 5 |
Axa
Paris,
France
|
-$4.07M |
INN Hedge Fund Activity: Q1 2019 in Review
221 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q1 2019, worth a combined $1.24B — up 21% from $1.03B a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of INN and 25 opened new positions — a net loss of 5 holders — while 55 trimmed existing stakes and 89 added.
The largest buyer was State Street, adding an estimated $10.8M. The largest seller was Nuveen, cutting an estimated $18.5M.
- 221 institutional investors held Summit Hotel Properties (INN) as of Q1 2019, down from 226 in Q4 2018.
- Funds reported $1.24B of Summit Hotel Properties stock for Q1 2019, up 21% quarter-over-quarter.
- 25 funds opened new Summit Hotel Properties positions in Q1 2019 and 30 closed out, a net change of -5 holders.
- The largest Summit Hotel Properties buyer in Q1 2019 was State Street, an estimated $10.8M added.
- The largest Summit Hotel Properties seller in Q1 2019 was Nuveen, an estimated $18.5M sold.
Based on aggregated 13F filings for Q1 2019.