Summit Hotel Properties
INN
211 hedge funds and large institutions have $443M invested in Summit Hotel Properties in 2020 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 76 increasing their positions, 83 reducing their positions, and 57 closing their positions.
8% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 83
9.65% less ownership
Funds ownership: 109.54% → 99.9% (-9.6%)
15% less funds holding
Funds holding: 249 → 211 (-38)
61% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 57
69% less capital invested
Capital invested by funds: $1.42B → $443M (-$978M)
80% less call options, than puts
Call options by funds: $12K | Put options by funds: $59K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$9.25M |
| 2 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$6.87M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.69M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$4.04M |
| 5 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$3.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$49.4M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
-$12M |
| 3 |
Jennison Associates
New York
|
-$8.4M |
| 4 |
NIPH
NN Investment Partners Holdings
The Hague,
Netherlands
|
-$7M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$5.59M |
INN Hedge Fund Activity: Q1 2020 in Review
211 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q1 2020, worth a combined $443M — down 69% from $1.42B a quarter earlier.
Sellers outnumbered buyers: 57 funds closed out of INN and 22 opened new positions — a net loss of 35 holders — while 83 trimmed existing stakes and 76 added.
The largest buyer was State Street, adding an estimated $9.25M. The largest seller was Wellington Management Group, exiting entirely with an estimated $49.4M sold.
- 211 institutional investors held Summit Hotel Properties (INN) as of Q1 2020, down from 249 in Q4 2019.
- Funds reported $443M of Summit Hotel Properties stock for Q1 2020, down 69% quarter-over-quarter.
- 22 funds opened new Summit Hotel Properties positions in Q1 2020 and 57 closed out, a net change of -35 holders.
- The largest Summit Hotel Properties buyer in Q1 2020 was State Street, an estimated $9.25M added.
- The largest Summit Hotel Properties seller in Q1 2020 was Wellington Management Group, an estimated $49.4M sold.
Based on aggregated 13F filings for Q1 2020.