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INN

Summit Hotel Properties
INN

206 hedge funds and large institutions have $572M invested in Summit Hotel Properties in 2023 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 59 increasing their positions, 84 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 24

1% more funds holding

Funds holding: 204 → 206 (+2)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4.4% less ownership

Funds ownership: 96.11% → 91.71% (-4.4%)

15% less capital invested

Capital invested by funds: $673M → $572M (-$101M)

30% less repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 84

98% less call options, than puts

Call options by funds: $11K | Put options by funds: $582K

Holders
206
Holders Change
+2
Holders Change %
+0.98%
% of All Funds
3.27%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
27
Increased
59
Reduced
84
Closed
24
Calls
$11K
Puts
$582K
Net Calls
-$571K
Net Calls Change
+$2.3M

Top Buyers

1
H2CM
H/2 Credit Manager
Connecticut
+$10.6M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$1.1M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$1.06M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$781K
5
VOYA Investment Management
VOYA Investment Management
Georgia
+$639K

Top Sellers

1
JP Morgan Chase
JP Morgan Chase
New York
-$8.89M
2
Jennison Associates
Jennison Associates
New York
-$5.87M
3
Millennium Management
Millennium Management
New York
-$5.09M
4
Norges Bank
Norges Bank
Norway
-$3.83M
5
Charles Schwab
Charles Schwab
California
-$3.78M
Name Holding Trade Value Shares
Change 		Change in
Stake
KBC Group
176
KBC Group
Belgium
$30K -$20.9K -3,505 -40%
TRCT
177
Tower Research Capital (TRC)
New York
$28K +$4.48K +750 +18%
HFM
178
Harvest Fund Management
China
$21K – – –
QCG
179
Quadrant Capital Group
Ohio
$13.8K -$1.21K -202 -8%
VCM
180
Versant Capital Management
Arizona
$8.68K -$10.6K -1,777 -54%
Carson Wealth (CWM LLC)
181
Carson Wealth (CWM LLC)
Nebraska
$7K -$3.01K -504 -29%
EWA
182
EverSource Wealth Advisors
Alabama
$6.44K +$2.9K +486 +78%
LC
183
Lindbrook Capital
California
$6.1K -$710 -119 -10%
LF
184
Lee Financial
Texas
$5.54K – – –
PA
185
Parallel Advisors
California
$3.32K -$221 -37 -6%
Fifth Third Bancorp
186
Fifth Third Bancorp
Ohio
$2.67K +$2.75K +461 New
GWSG
187
GPS Wealth Strategies Group
Colorado
$2.61K -$1.65K -277 -38%
PFBT
188
Parkside Financial Bank & Trust
Missouri
$2.49K – – –
GWS
189
Glassman Wealth Services
Virginia
$2.49K – – –
CMBA
190
C.M. Bidwell & Associates
Hawaii
$2.28K +$2.35K +393 New
FRA
191
Front Row Advisors
California
$2.24K – – –
CSPIA
192
Cary Street Partners Investment Advisory
Virginia
$2.06K – – –
BAAM
193
Baker Avenue Asset Management
California
$2K +$2.06K +345 New
PCM
194
Penserra Capital Management
California
$2K +$48 +8 +2%
Barrow, Hanley, Mewhinney & Strauss
195
Barrow, Hanley, Mewhinney & Strauss
Texas
$1.67K – – –
MFT
196
Moisand Fitzgerald Tamayo
Florida
$1.4K -$657 -110 -31%
AAP
197
Arax Advisory Partners
Colorado
$1.02K +$1.05K +176 New
MIA
198
Milestone Investment Advisors
Wisconsin
$783 +$806 +135 New
MPWT
199
MassMutual Private Wealth & Trust
Connecticut
$516 +$531 +89 New
CPG
200
Cornerstone Planning Group
New Jersey
$487 – – –
6 7
8
9 10

INN Hedge Fund Activity: Q3 2023 in Review

206 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q3 2023, worth a combined $572M — down 15% from $673M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new INN positions and 24 closed out — a net gain of 3 holders — while 59 added to existing stakes and 84 trimmed.

The largest buyer was H/2 Credit Manager, adding an estimated $10.6M. The largest seller was JP Morgan Chase, cutting an estimated $8.89M.

  • 206 institutional investors held Summit Hotel Properties (INN) as of Q3 2023, up from 204 in Q2 2023.
  • Funds reported $572M of Summit Hotel Properties stock for Q3 2023, down 15% quarter-over-quarter.
  • 27 funds opened new Summit Hotel Properties positions in Q3 2023 and 24 closed out, a net change of +3 holders.
  • The largest Summit Hotel Properties buyer in Q3 2023 was H/2 Credit Manager, an estimated $10.6M added.
  • The largest Summit Hotel Properties seller in Q3 2023 was JP Morgan Chase, an estimated $8.89M sold.

Based on aggregated 13F filings for Q3 2023.