Midcoast Energy Partners, L.P.
MEP
MEP was delisted on the 26th of April, 2017.
36 hedge funds and large institutions have $123M invested in Midcoast Energy Partners, L.P. in 2016 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 7 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
25% more call options, than puts
Call options by funds: $664K | Put options by funds: $532K
3% less capital invested
Capital invested by funds: $127M → $123M (-$4.44M)
3% less funds holding
Funds holding: 37 → 36 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIM
NXG Investment Management
Dallas,
Texas
|
+$3.73M |
| 2 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$1.64M |
| 3 |
Morgan Stanley
New York
|
+$510K |
| 4 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
+$208K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$120K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EGA
Eagle Global Advisors
Houston,
Texas
|
-$4.8M |
| 2 |
SCA
Salient Capital Advisors
Houston,
Texas
|
-$1.69M |
| 3 |
Cohen & Steers
New York
|
-$1.09M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$404K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$334K |
MEP Hedge Fund Activity: Q3 2016 in Review
36 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Midcoast Energy Partners, L.P. (MEP) for Q3 2016, worth a combined $123M — down 3.5% from $127M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MEP and 6 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 11 added.
The largest buyer was NXG Investment Management, opening a new position worth an estimated $3.73M. The largest seller was Eagle Global Advisors, cutting an estimated $4.8M.
- 36 institutional investors held Midcoast Energy Partners, L.P. (MEP) as of Q3 2016, down from 37 in Q2 2016.
- Funds reported $123M of Midcoast Energy Partners, L.P. stock for Q3 2016, down 3.5% quarter-over-quarter.
- 6 funds opened new Midcoast Energy Partners, L.P. positions in Q3 2016 and 7 closed out, a net change of -1 holder.
- The largest Midcoast Energy Partners, L.P. buyer in Q3 2016 was NXG Investment Management, an estimated $3.73M added.
- The largest Midcoast Energy Partners, L.P. seller in Q3 2016 was Eagle Global Advisors, an estimated $4.8M sold.
Based on aggregated 13F filings for Q3 2016.