Summit Hotel Properties
INN
148 hedge funds and large institutions have $791M invested in Summit Hotel Properties in 2014 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 50 increasing their positions, 57 reducing their positions, and 14 closing their positions.
64% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 14
15% more capital invested
Capital invested by funds: $686M → $791M (+$105M)
6% more funds holding
Funds holding: 139 → 148 (+9)
0.86% more ownership
Funds ownership: 86.43% → 87.29% (+0.86%)
12% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 57
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$30.8M |
| 2 |
Cohen & Steers
New York
|
+$15.5M |
| 3 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$14.1M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$7.02M |
| 5 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$5.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$31.2M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
-$24.8M |
| 3 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$12.3M |
| 4 |
ECM
EII Capital Management
New York
|
-$3.91M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
-$2.84M |
INN Hedge Fund Activity: Q2 2014 in Review
148 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q2 2014, worth a combined $791M — up 15% from $686M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new INN positions and 14 closed out — a net gain of 9 holders — while 50 added to existing stakes and 57 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $30.8M. The largest seller was Columbia Wanger Asset Management, exiting entirely with an estimated $31.2M sold.
- 148 institutional investors held Summit Hotel Properties (INN) as of Q2 2014, up from 139 in Q1 2014.
- Funds reported $791M of Summit Hotel Properties stock for Q2 2014, up 15% quarter-over-quarter.
- 23 funds opened new Summit Hotel Properties positions in Q2 2014 and 14 closed out, a net change of +9 holders.
- The largest Summit Hotel Properties buyer in Q2 2014 was Morgan Stanley, an estimated $30.8M added.
- The largest Summit Hotel Properties seller in Q2 2014 was Columbia Wanger Asset Management, an estimated $31.2M sold.
Based on aggregated 13F filings for Q2 2014.