Summit Hotel Properties
INN
185 hedge funds and large institutions have $933M invested in Summit Hotel Properties in 2015 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 86 increasing their positions, 58 reducing their positions, and 25 closing their positions.
48% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 58
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.8% less ownership
Funds ownership: 94.15% → 92.35% (-1.8%)
6% less funds holding
Funds holding: 197 → 185 (-12)
12% less capital invested
Capital invested by funds: $1.06B → $933M (-$126M)
44% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$23M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.49M |
| 3 |
BG
BlackRock Group
London,
United Kingdom
|
+$3.96M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
+$3.69M |
| 5 |
LM
Lincluden Management
Mississauga,
Ontario, Canada
|
+$3.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Comerica Bank
Dallas,
Texas
|
-$29.3M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$8.62M |
| 3 |
Millennium Management
New York
|
-$6.33M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$4.14M |
| 5 |
FM
Forward Management
San Francisco,
California
|
-$3.83M |
INN Hedge Fund Activity: Q3 2015 in Review
185 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q3 2015, worth a combined $933M — down 12% from $1.06B a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of INN and 14 opened new positions — a net loss of 11 holders — while 58 trimmed existing stakes and 86 added.
The largest buyer was AllianceBernstein, adding an estimated $23M. The largest seller was Comerica Bank, cutting an estimated $29.3M.
- 185 institutional investors held Summit Hotel Properties (INN) as of Q3 2015, down from 197 in Q2 2015.
- Funds reported $933M of Summit Hotel Properties stock for Q3 2015, down 12% quarter-over-quarter.
- 14 funds opened new Summit Hotel Properties positions in Q3 2015 and 25 closed out, a net change of -11 holders.
- The largest Summit Hotel Properties buyer in Q3 2015 was AllianceBernstein, an estimated $23M added.
- The largest Summit Hotel Properties seller in Q3 2015 was Comerica Bank, an estimated $29.3M sold.
Based on aggregated 13F filings for Q3 2015.