Summit Hotel Properties
INN
229 hedge funds and large institutions have $1.45B invested in Summit Hotel Properties in 2017 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 110 increasing their positions, 61 reducing their positions, and 29 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 61
4% more capital invested
Capital invested by funds: $1.4B → $1.45B (+$54.4M)
3% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 29
3% less funds holding
Funds holding: 235 → 229 (-6)
3.22% less ownership
Funds ownership: 100.03% → 96.81% (-3.2%)
36% less call options, than puts
Call options by funds: $81K | Put options by funds: $126K
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$211M |
| 2 |
State Street
Boston,
Massachusetts
|
+$18.9M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$11.5M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
+$10.3M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$7.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$11.2M |
| 2 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$10.6M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$6.79M |
| 4 |
Comerica Bank
Dallas,
Texas
|
-$6.42M |
| 5 |
CPP
Crow Point Partners
Boston,
Massachusetts
|
-$5.62M |
INN Hedge Fund Activity: Q1 2017 in Review
229 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q1 2017, worth a combined $1.45B — up 3.9% from $1.4B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new INN positions and 29 closed out — a net gain of 1 holder — while 110 added to existing stakes and 61 trimmed.
The largest buyer was BlackRock, adding an estimated $211M. The largest seller was Millennium Management, exiting entirely with an estimated $11.2M sold.
- 229 institutional investors held Summit Hotel Properties (INN) as of Q1 2017, down from 235 in Q4 2016.
- Funds reported $1.45B of Summit Hotel Properties stock for Q1 2017, up 3.9% quarter-over-quarter.
- 30 funds opened new Summit Hotel Properties positions in Q1 2017 and 29 closed out, a net change of +1 holder.
- The largest Summit Hotel Properties buyer in Q1 2017 was BlackRock, an estimated $211M added.
- The largest Summit Hotel Properties seller in Q1 2017 was Millennium Management, an estimated $11.2M sold.
Based on aggregated 13F filings for Q1 2017.