Summit Hotel Properties
INN
187 hedge funds and large institutions have $1.12B invested in Summit Hotel Properties in 2015 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 69 increasing their positions, 63 reducing their positions, and 18 closing their positions.
500% more call options, than puts
Call options by funds: $144K | Put options by funds: $24K
94% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 18
11% more capital invested
Capital invested by funds: $1.01B → $1.12B (+$114M)
9% more funds holding
Funds holding: 171 → 187 (+16)
10% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 63
1.59% less ownership
Funds ownership: 93.06% → 91.47% (-1.6%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$37.6M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$15.9M |
| 3 |
JP Morgan Chase
New York
|
+$12.4M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$8.92M |
| 5 |
TA
Teachers Advisors
New York
|
+$8.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Comerica Bank
Dallas,
Texas
|
-$34.4M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$32.5M |
| 3 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
-$16.2M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$12.7M |
| 5 |
Jennison Associates
New York
|
-$9.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Jane Street
New York
| – | -$183K | -14,680 | Closed |
|
|
QT
202
Quantbot Technologies
New York
| – | -$136K | -10,970 | Closed |
|
|
B
203
Baird
Milwaukee,
Wisconsin
| – | -$124K | -10,000 | Closed |
|
|
SFU
204
Stonehage Fleming (UK)
London,
United Kingdom
| – | -$16K | -1,257 | Closed |
|
205
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$15K | -1,155 | Closed |
|
INN Hedge Fund Activity: Q1 2015 in Review
187 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q1 2015, worth a combined $1.12B — up 11% from $1.01B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new INN positions and 18 closed out — a net gain of 17 holders — while 69 added to existing stakes and 63 trimmed.
The largest buyer was BlackRock Fund Advisors, adding an estimated $37.6M. The largest seller was Comerica Bank, cutting an estimated $34.4M.
- 187 institutional investors held Summit Hotel Properties (INN) as of Q1 2015, up from 171 in Q4 2014.
- Funds reported $1.12B of Summit Hotel Properties stock for Q1 2015, up 11% quarter-over-quarter.
- 35 funds opened new Summit Hotel Properties positions in Q1 2015 and 18 closed out, a net change of +17 holders.
- The largest Summit Hotel Properties buyer in Q1 2015 was BlackRock Fund Advisors, an estimated $37.6M added.
- The largest Summit Hotel Properties seller in Q1 2015 was Comerica Bank, an estimated $34.4M sold.
Based on aggregated 13F filings for Q1 2015.