Summit Hotel Properties
INN
208 hedge funds and large institutions have $1.1B invested in Summit Hotel Properties in 2016 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 89 increasing their positions, 57 reducing their positions, and 17 closing their positions.
76% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 17
56% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 57
13% more capital invested
Capital invested by funds: $974M → $1.1B (+$125M)
6% more funds holding
Funds holding: 197 → 208 (+11)
1.64% more ownership
Funds ownership: 93.3% → 94.94% (+1.6%)
80% less call options, than puts
Call options by funds: $26K | Put options by funds: $131K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRES
Heitman Real Estate Securities
Chicago,
Illinois
|
+$10.7M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$9.37M |
| 3 |
HW
Hancock Whitney
Gulfport,
Mississippi
|
+$7.62M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$5.49M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$15.4M |
| 2 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
-$11M |
| 3 |
JP Morgan Chase
New York
|
-$5.8M |
| 4 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
-$4.27M |
| 5 |
Millennium Management
New York
|
-$3.91M |
INN Hedge Fund Activity: Q2 2016 in Review
208 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q2 2016, worth a combined $1.1B — up 13% from $974M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new INN positions and 17 closed out — a net gain of 13 holders — while 89 added to existing stakes and 57 trimmed.
The largest buyer was Heitman Real Estate Securities, opening a new position worth an estimated $10.7M. The largest seller was 1832 Asset Management, exiting entirely with an estimated $15.4M sold.
- 208 institutional investors held Summit Hotel Properties (INN) as of Q2 2016, up from 197 in Q1 2016.
- Funds reported $1.1B of Summit Hotel Properties stock for Q2 2016, up 13% quarter-over-quarter.
- 30 funds opened new Summit Hotel Properties positions in Q2 2016 and 17 closed out, a net change of +13 holders.
- The largest Summit Hotel Properties buyer in Q2 2016 was Heitman Real Estate Securities, an estimated $10.7M added.
- The largest Summit Hotel Properties seller in Q2 2016 was 1832 Asset Management, an estimated $15.4M sold.
Based on aggregated 13F filings for Q2 2016.