Summit Hotel Properties
INN
220 hedge funds and large institutions have $1.09B invested in Summit Hotel Properties in 2016 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 74 increasing their positions, 88 reducing their positions, and 16 closing their positions.
81% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 16
6% more funds holding
Funds holding: 208 → 220 (+12)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.13% less ownership
Funds ownership: 94.94% → 94.81% (-0.13%)
1% less capital invested
Capital invested by funds: $1.1B → $1.09B (-$10.3M)
16% less repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 88
28% less call options, than puts
Call options by funds: $13K | Put options by funds: $18K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nuveen
Charlotte,
North Carolina
|
+$19.3M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$7.49M |
| 3 |
MCM
McKinley Capital Management
Anchorage,
Alaska
|
+$6.36M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.12M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$3.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$21.8M |
| 2 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$9.47M |
| 3 |
Charles Schwab
San Francisco,
California
|
-$7.72M |
| 4 |
Jennison Associates
New York
|
-$7.38M |
| 5 |
FM
Forward Management
San Francisco,
California
|
-$5.54M |
INN Hedge Fund Activity: Q3 2016 in Review
220 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q3 2016, worth a combined $1.09B — down 0.94% from $1.1B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new INN positions and 16 closed out — a net gain of 13 holders — while 74 added to existing stakes and 88 trimmed.
The largest buyer was Nuveen, adding an estimated $19.3M. The largest seller was AllianceBernstein, cutting an estimated $21.8M.
- 220 institutional investors held Summit Hotel Properties (INN) as of Q3 2016, up from 208 in Q2 2016.
- Funds reported $1.09B of Summit Hotel Properties stock for Q3 2016, down 0.94% quarter-over-quarter.
- 29 funds opened new Summit Hotel Properties positions in Q3 2016 and 16 closed out, a net change of +13 holders.
- The largest Summit Hotel Properties buyer in Q3 2016 was Nuveen, an estimated $19.3M added.
- The largest Summit Hotel Properties seller in Q3 2016 was AllianceBernstein, an estimated $21.8M sold.
Based on aggregated 13F filings for Q3 2016.