Summit Hotel Properties
INN
201 hedge funds and large institutions have $582M invested in Summit Hotel Properties in 2024 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 56 increasing their positions, 75 reducing their positions, and 16 closing their positions.
119% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 16
9% more funds holding
Funds holding: 184 → 201 (+17)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.52% less ownership
Funds ownership: 91.31% → 89.79% (-1.5%)
9% less capital invested
Capital invested by funds: $639M → $582M (-$57.6M)
25% less repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 75
98% less call options, than puts
Call options by funds: $5K | Put options by funds: $205K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$3.15M |
| 2 |
LIP
Lighthouse Investment Partners
Palm Beach Gardens,
Florida
|
+$2.91M |
| 3 |
Goldman Sachs
New York
|
+$2.38M |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
+$2.01M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
-$6.19M |
| 2 |
UBS AM
Chicago,
Illinois
|
-$2.75M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$2.09M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.89M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$1.88M |
INN Hedge Fund Activity: Q2 2024 in Review
201 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q2 2024, worth a combined $582M — down 9% from $639M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new INN positions and 16 closed out — a net gain of 19 holders — while 56 added to existing stakes and 75 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $3.15M. The largest seller was Balyasny Asset Management, cutting an estimated $6.19M.
- 201 institutional investors held Summit Hotel Properties (INN) as of Q2 2024, up from 184 in Q1 2024.
- Funds reported $582M of Summit Hotel Properties stock for Q2 2024, down 9% quarter-over-quarter.
- 35 funds opened new Summit Hotel Properties positions in Q2 2024 and 16 closed out, a net change of +19 holders.
- The largest Summit Hotel Properties buyer in Q2 2024 was JP Morgan Chase, an estimated $3.15M added.
- The largest Summit Hotel Properties seller in Q2 2024 was Balyasny Asset Management, an estimated $6.19M sold.
Based on aggregated 13F filings for Q2 2024.