Summit Hotel Properties
INN
139 hedge funds and large institutions have $686M invested in Summit Hotel Properties in 2014 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 60 increasing their positions, 45 reducing their positions, and 24 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 45
3% more capital invested
Capital invested by funds: $666M → $686M (+$20.3M)
0.33% less ownership
Funds ownership: 86.76% → 86.43% (-0.33%)
9% less funds holding
Funds holding: 153 → 139 (-14)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
54% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Comerica Bank
Dallas,
Texas
|
+$20.2M |
| 2 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
+$10M |
| 3 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$7.54M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$6.77M |
| 5 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$6.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$17.3M |
| 2 |
KCM
KeyPoint Capital Management
Dallas,
Texas
|
-$9.06M |
| 3 |
SAM
Securian Asset Management
St Paul,
Minnesota
|
-$7.82M |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$7.53M |
| 5 |
HVCM
HG Vora Capital Management
New York
|
-$7.2M |
INN Hedge Fund Activity: Q1 2014 in Review
139 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q1 2014, worth a combined $686M — up 3.1% from $666M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of INN and 11 opened new positions — a net loss of 13 holders — while 45 trimmed existing stakes and 60 added.
The largest buyer was Comerica Bank, adding an estimated $20.2M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $17.3M sold.
- 139 institutional investors held Summit Hotel Properties (INN) as of Q1 2014, down from 153 in Q4 2013.
- Funds reported $686M of Summit Hotel Properties stock for Q1 2014, up 3.1% quarter-over-quarter.
- 11 funds opened new Summit Hotel Properties positions in Q1 2014 and 24 closed out, a net change of -13 holders.
- The largest Summit Hotel Properties buyer in Q1 2014 was Comerica Bank, an estimated $20.2M added.
- The largest Summit Hotel Properties seller in Q1 2014 was DePrince Race & Zollo Inc (DRZ), an estimated $17.3M sold.
Based on aggregated 13F filings for Q1 2014.