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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
PWA
201
Provenance Wealth Advisors
Florida
$441 +$454 +76 New
FMII
202
Farmers & Merchants Investments Inc
Nebraska
$412 – – –
FFA
203
Farther Finance Advisors
California
$255 – – –
PTC
204
Private Trust Company
Ohio
$139 – – –
ECM
205
Everence Capital Management
Indiana
$138 – – –
CSS
206
Cubist Systematic Strategies
Connecticut
– -$1.94M -297,758 Closed
CM
207
CastleKnight Management
New York
– -$1.06M -162,110 Closed
JF
208
Jump Financial
Illinois
– -$713K -109,500 Closed
Grantham, Mayo, Van Otterloo & Co (GMO)
209
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
– -$340K -52,263 Closed
Russell Investments Group
210
Russell Investments Group
United Kingdom
– -$302K -46,336 Closed
QT
211
Quantbot Technologies
New York
– -$213K -32,730 Closed
VI
212
Versor Investments
New York
– -$179K -27,500 Closed
MM
213
MQS Management
New York
– -$169K -25,947 Closed
E
214
Ergoteles
New York
– -$168K -25,813 Closed
QC
215
Quadrature Capital
United Kingdom
– -$151K -23,218 Closed
FRM
216
Fox Run Management
Connecticut
– -$105K -16,081 Closed
OSAM
217
O'Shaughnessy Asset Management
Connecticut
– -$92.7K -14,232 Closed
Creative Planning
218
Creative Planning
Kansas
– -$89K -13,674 Closed
Stifel Financial
219
Stifel Financial
Missouri
– -$88.3K -13,558 Closed
SOW
220
State of Wyoming
Wyoming
– -$81.5K -12,516 Closed
MCM
221
MAI Capital Management
Ohio
– -$72.6K -11,158 Closed
QT
222
Quantamental Technologies
New York
– -$66.9K -10,273 Closed
Point72 Asset Management
223
Point72 Asset Management
Connecticut
– -$11.3K -1,734 Closed
SSG
224
Summit Securities Group
New York
– -$21K -1,000 Closed
EC
225
Elequin Capital
New York
– -$3.81K -585 Closed
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.