Summit Hotel Properties
INN
197 hedge funds and large institutions have $974M invested in Summit Hotel Properties in 2016 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 75 increasing their positions, 68 reducing their positions, and 14 closing their positions.
86% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 14
10% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 68
6% more funds holding
Funds holding: 186 → 197 (+11)
2.23% more ownership
Funds ownership: 91.07% → 93.3% (+2.2%)
3% more capital invested
Capital invested by funds: $943M → $974M (+$30.8M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $47K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$21.5M |
| 2 |
Jennison Associates
New York
|
+$4.26M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.62M |
| 4 |
JP Morgan Chase
New York
|
+$3.32M |
| 5 |
DIA
Dana Investment Advisors
Waukesha,
Wisconsin
|
+$2.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
-$13.2M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$4.8M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
-$4.67M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
-$2.86M |
| 5 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$2.79M |
INN Hedge Fund Activity: Q1 2016 in Review
197 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q1 2016, worth a combined $974M — up 3.3% from $943M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new INN positions and 14 closed out — a net gain of 12 holders — while 75 added to existing stakes and 68 trimmed.
The largest buyer was Numeric Investors, adding an estimated $21.5M. The largest seller was Glenmede Trust, cutting an estimated $13.2M.
- 197 institutional investors held Summit Hotel Properties (INN) as of Q1 2016, up from 186 in Q4 2015.
- Funds reported $974M of Summit Hotel Properties stock for Q1 2016, up 3.3% quarter-over-quarter.
- 26 funds opened new Summit Hotel Properties positions in Q1 2016 and 14 closed out, a net change of +12 holders.
- The largest Summit Hotel Properties buyer in Q1 2016 was Numeric Investors, an estimated $21.5M added.
- The largest Summit Hotel Properties seller in Q1 2016 was Glenmede Trust, an estimated $13.2M sold.
Based on aggregated 13F filings for Q1 2016.