Summit Hotel Properties
INN
214 hedge funds and large institutions have $593M invested in Summit Hotel Properties in 2020 Q2 according to their latest regulatory filings, with 48 funds opening new positions, 72 increasing their positions, 62 reducing their positions, and 42 closing their positions.
70,700% more call options, than puts
Call options by funds: $708K | Put options by funds: $1K
34% more capital invested
Capital invested by funds: $443M → $593M (+$150M)
16% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 62
14% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 42
1% more funds holding
Funds holding: 211 → 214 (+3)
5.02% less ownership
Funds ownership: 99.9% → 94.88% (-5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRES
Heitman Real Estate Securities
Chicago,
Illinois
|
+$11.1M |
| 2 |
PCM
Peregrine Capital Management
Minneapolis,
Minnesota
|
+$4.26M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.16M |
| 4 |
Nuveen
Charlotte,
North Carolina
|
+$2.46M |
| 5 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
+$2.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ClearBridge Investments
New York
|
-$9.51M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$8.59M |
| 3 |
Jennison Associates
New York
|
-$5.49M |
| 4 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$5.45M |
| 5 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$4.37M |
INN Hedge Fund Activity: Q2 2020 in Review
214 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q2 2020, worth a combined $593M — up 34% from $443M a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new INN positions and 42 closed out — a net gain of 6 holders — while 72 added to existing stakes and 62 trimmed.
The largest buyer was Heitman Real Estate Securities, opening a new position worth an estimated $11.1M. The largest seller was ClearBridge Investments, exiting entirely with an estimated $9.51M sold.
- 214 institutional investors held Summit Hotel Properties (INN) as of Q2 2020, up from 211 in Q1 2020.
- Funds reported $593M of Summit Hotel Properties stock for Q2 2020, up 34% quarter-over-quarter.
- 48 funds opened new Summit Hotel Properties positions in Q2 2020 and 42 closed out, a net change of +6 holders.
- The largest Summit Hotel Properties buyer in Q2 2020 was Heitman Real Estate Securities, an estimated $11.1M added.
- The largest Summit Hotel Properties seller in Q2 2020 was ClearBridge Investments, an estimated $9.51M sold.
Based on aggregated 13F filings for Q2 2020.