Summit Hotel Properties
INN
153 hedge funds and large institutions have $666M invested in Summit Hotel Properties in 2013 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 69 increasing their positions, 48 reducing their positions, and 21 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 48
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
1% more capital invested
Capital invested by funds: $660M → $666M (+$5.28M)
1% less funds holding
Funds holding: 154 → 153 (-1)
5% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 21
1.73% less ownership
Funds ownership: 88.5% → 86.76% (-1.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$7.04M |
| 2 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$4.78M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$4.53M |
| 4 |
Millennium Management
New York
|
+$3.42M |
| 5 |
EWP
Edmunds White Partners
Richmond,
Virginia
|
+$3.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Seawolf Capital
New York
|
-$8.72M |
| 2 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$5.06M |
| 3 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$4.55M |
| 4 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
-$4.01M |
| 5 |
NC
Nicholas Company
Milwaukee,
Wisconsin
|
-$3.89M |
INN Hedge Fund Activity: Q4 2013 in Review
153 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q4 2013, worth a combined $666M — up 0.8% from $660M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of INN and 20 opened new positions — a net loss of 1 holder — while 48 trimmed existing stakes and 69 added.
The largest buyer was Westwood Holdings Group, adding an estimated $7.04M. The largest seller was Seawolf Capital, exiting entirely with an estimated $8.72M sold.
- 153 institutional investors held Summit Hotel Properties (INN) as of Q4 2013, down from 154 in Q3 2013.
- Funds reported $666M of Summit Hotel Properties stock for Q4 2013, up 0.8% quarter-over-quarter.
- 20 funds opened new Summit Hotel Properties positions in Q4 2013 and 21 closed out, a net change of -1 holder.
- The largest Summit Hotel Properties buyer in Q4 2013 was Westwood Holdings Group, an estimated $7.04M added.
- The largest Summit Hotel Properties seller in Q4 2013 was Seawolf Capital, an estimated $8.72M sold.
Based on aggregated 13F filings for Q4 2013.