Midcoast Energy Partners, L.P.
MEP
MEP was delisted on the 26th of April, 2017.
43 hedge funds and large institutions have $106M invested in Midcoast Energy Partners, L.P. in 2017 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 6 increasing their positions, 12 reducing their positions, and 12 closing their positions.
110% more call options, than puts
Call options by funds: $529K | Put options by funds: $252K
67% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 12
23% more funds holding
Funds holding: 35 → 43 (+8)
4% more capital invested
Capital invested by funds: $101M → $106M (+$4.46M)
50% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.99M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$1.99M |
| 3 |
VOAM
Vertex One Asset Management
Vancouver,
British Columbia, Canada
|
+$1.42M |
| 4 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
+$1.37M |
| 5 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$1.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EGA
Eagle Global Advisors
Houston,
Texas
|
-$14.6M |
| 2 |
NIM
NXG Investment Management
Dallas,
Texas
|
-$2.96M |
| 3 |
SIC
SFE Investment Counsel
Los Angeles,
California
|
-$1.45M |
| 4 |
SOAMC
Spirit of America Management Corp
Syosset,
New York
|
-$996K |
| 5 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$501K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citadel Advisors
Miami,
Florida
| – | -$171K | -21,444 | Closed |
|
|
CS
52
Credit Suisse
Zurich,
Switzerland
| – | -$75K | -10,544 | Closed |
|
|
AIM
53
Advantage Investment Management
Cedar Rapids,
Iowa
| – | -$7K | -1,000 | Closed |
|
54
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$3K | -497 | Closed |
|
|
PA
55
Parallel Advisors
San Francisco,
California
| – | -$2K | -220 | Closed |
|
MEP Hedge Fund Activity: Q1 2017 in Review
43 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Midcoast Energy Partners, L.P. (MEP) for Q1 2017, worth a combined $106M — up 4.4% from $101M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new MEP positions and 12 closed out — a net gain of 8 holders — while 6 added to existing stakes and 12 trimmed.
The largest buyer was Bank of Montreal, opening a new position worth an estimated $1.99M. The largest seller was Eagle Global Advisors, exiting entirely with an estimated $14.6M sold.
- 43 institutional investors held Midcoast Energy Partners, L.P. (MEP) as of Q1 2017, up from 35 in Q4 2016.
- Funds reported $106M of Midcoast Energy Partners, L.P. stock for Q1 2017, up 4.4% quarter-over-quarter.
- 20 funds opened new Midcoast Energy Partners, L.P. positions in Q1 2017 and 12 closed out, a net change of +8 holders.
- The largest Midcoast Energy Partners, L.P. buyer in Q1 2017 was Bank of Montreal, an estimated $1.99M added.
- The largest Midcoast Energy Partners, L.P. seller in Q1 2017 was Eagle Global Advisors, an estimated $14.6M sold.
Based on aggregated 13F filings for Q1 2017.