Summit Hotel Properties
INN
192 hedge funds and large institutions have $682M invested in Summit Hotel Properties in 2023 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 64 increasing their positions, 70 reducing their positions, and 36 closing their positions.
467% more call options, than puts
Call options by funds: $17K | Put options by funds: $3K
19% more capital invested
Capital invested by funds: $572M → $682M (+$110M)
2.67% more ownership
Funds ownership: 91.71% → 94.39% (+2.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 70
7% less funds holding
Funds holding: 206 → 192 (-14)
33% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 36
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$24.5M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$11.1M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$9.22M |
| 4 |
BlackRock
New York
|
+$7.17M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$6.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
-$20.2M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$8.93M |
| 3 |
Jennison Associates
New York
|
-$7.04M |
| 4 |
JP Morgan Chase
New York
|
-$2.72M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2.38M |
INN Hedge Fund Activity: Q4 2023 in Review
192 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Summit Hotel Properties (INN) for Q4 2023, worth a combined $682M — up 19% from $572M a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of INN and 24 opened new positions — a net loss of 12 holders — while 70 trimmed existing stakes and 64 added.
The largest buyer was Morgan Stanley, adding an estimated $24.5M. The largest seller was GW&K Investment Management, cutting an estimated $20.2M.
- 192 institutional investors held Summit Hotel Properties (INN) as of Q4 2023, down from 206 in Q3 2023.
- Funds reported $682M of Summit Hotel Properties stock for Q4 2023, up 19% quarter-over-quarter.
- 24 funds opened new Summit Hotel Properties positions in Q4 2023 and 36 closed out, a net change of -12 holders.
- The largest Summit Hotel Properties buyer in Q4 2023 was Morgan Stanley, an estimated $24.5M added.
- The largest Summit Hotel Properties seller in Q4 2023 was GW&K Investment Management, an estimated $20.2M sold.
Based on aggregated 13F filings for Q4 2023.