Midcoast Energy Partners, L.P.
MEP
MEP was delisted on the 26th of April, 2017.
35 hedge funds and large institutions have $78M invested in Midcoast Energy Partners, L.P. in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 7 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 10
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
0% more funds holding
Funds holding: 35 → 35 (0)
47% less capital invested
Capital invested by funds: $147M → $78M (-$68.5M)
60% less call options, than puts
Call options by funds: $55K | Put options by funds: $136K
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$2.28M |
| 2 |
EGA
Eagle Global Advisors
Houston,
Texas
|
+$1.7M |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$635K |
| 4 |
GIM
Greenwich Investment Management
Norwalk,
Connecticut
|
+$609K |
| 5 |
SIC
SFE Investment Counsel
Los Angeles,
California
|
+$378K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NMIMC
Northwestern Mutual Investment Management Company
Milwaukee,
Wisconsin
|
-$2.89M |
| 2 |
GXMC
Global X Management Company
New York
|
-$2.51M |
| 3 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$1.91M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$974K |
| 5 |
SOAMC
Spirit of America Management Corp
Syosset,
New York
|
-$357K |
MEP Hedge Fund Activity: Q1 2016 in Review
35 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Midcoast Energy Partners, L.P. (MEP) for Q1 2016, worth a combined $78M — down 47% from $147M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new MEP positions and 7 closed out — a net gain of 1 holder — while 14 added to existing stakes and 10 trimmed.
The largest buyer was CIBC Private Wealth Group, adding an estimated $2.28M. The largest seller was Northwestern Mutual Investment Management Company, exiting entirely with an estimated $2.89M sold.
- 35 institutional investors held Midcoast Energy Partners, L.P. (MEP) as of Q1 2016, unchanged from Q4 2015.
- Funds reported $78M of Midcoast Energy Partners, L.P. stock for Q1 2016, down 47% quarter-over-quarter.
- 8 funds opened new Midcoast Energy Partners, L.P. positions in Q1 2016 and 7 closed out, a net change of +1 holder.
- The largest Midcoast Energy Partners, L.P. buyer in Q1 2016 was CIBC Private Wealth Group, an estimated $2.28M added.
- The largest Midcoast Energy Partners, L.P. seller in Q1 2016 was Northwestern Mutual Investment Management Company, an estimated $2.89M sold.
Based on aggregated 13F filings for Q1 2016.