Summit Hotel Properties
INN
229 hedge funds and large institutions have $1.43B invested in Summit Hotel Properties in 2018 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 90 increasing their positions, 81 reducing their positions, and 16 closing their positions.
31% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 16
11% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 81
1.54% more ownership
Funds ownership: 99% → 100.54% (+1.5%)
1% more funds holding
Funds holding: 226 → 229 (+3)
9% less capital invested
Capital invested by funds: $1.57B → $1.43B (-$143M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$22.7M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
+$18M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$9.2M |
| 4 |
DPIM
Duff & Phelps Investment Management
Chicago,
Illinois
|
+$8.57M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$8.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$20.9M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$16.8M |
| 3 |
Millennium Management
New York
|
-$16.4M |
| 4 |
Renaissance Technologies
New York
|
-$5.99M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
-$5.77M |
INN Hedge Fund Activity: Q1 2018 in Review
229 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q1 2018, worth a combined $1.43B — down 9.1% from $1.57B a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new INN positions and 16 closed out — a net gain of 5 holders — while 90 added to existing stakes and 81 trimmed.
The largest buyer was Jennison Associates, adding an estimated $22.7M. The largest seller was Principal Financial Group, cutting an estimated $20.9M.
- 229 institutional investors held Summit Hotel Properties (INN) as of Q1 2018, up from 226 in Q4 2017.
- Funds reported $1.43B of Summit Hotel Properties stock for Q1 2018, down 9.1% quarter-over-quarter.
- 21 funds opened new Summit Hotel Properties positions in Q1 2018 and 16 closed out, a net change of +5 holders.
- The largest Summit Hotel Properties buyer in Q1 2018 was Jennison Associates, an estimated $22.7M added.
- The largest Summit Hotel Properties seller in Q1 2018 was Principal Financial Group, an estimated $20.9M sold.
Based on aggregated 13F filings for Q1 2018.