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SMC

Summit Midstream
SMC

36 hedge funds and large institutions have $459M invested in Summit Midstream in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 10

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1% less capital invested

Capital invested by funds: $462M → $459M (-$2.5M)

3% less funds holding

Funds holding: 37 → 36 (-1)

20% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 5

88% less call options, than puts

Call options by funds: $241K | Put options by funds: $1.94M

Holders
36
Holders Change
-1
Holders Change %
-2.7%
% of All Funds
1.17%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
4
Increased
15
Reduced
10
Closed
5
Calls
$241K
Puts
$1.94M
Net Calls
-$1.69M
Net Calls Change
-$171K

Top Buyers

1
ClearBridge Investments
ClearBridge Investments
New York
+$7.88M
2
Goldman Sachs
Goldman Sachs
New York
+$6.9M
3
SCA
Salient Capital Advisors
Texas
+$3.97M
4
O
OppenheimerFunds
New York
+$3.17M
5
WHG
Westwood Holdings Group
Texas
+$503K

Top Sellers

1
KACA
Kayne Anderson Capital Advisors
California
-$8.71M
2
Citigroup
Citigroup
New York
-$5.84M
3
EGA
Eagle Global Advisors
Texas
-$2.7M
4
BC
Brookfield Corp
Ontario, Canada
-$2.31M
5
Morgan Stanley
Morgan Stanley
New York
-$1.88M
Name Holding Trade Value Shares
Change 		Change in
Stake
UR
26
USCA RIA
Texas
$234K – – –
SIC
27
Salem Investment Counselors
North Carolina
$204K -$33.8K -67 -14%
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$187K +$186K +368 New
Group One Trading
29
Group One Trading
Illinois
$130K +$8.07K +16 +7%
PNC Financial Services Group
30
PNC Financial Services Group
Pennsylvania
$107K +$105K +209 New
LFR
31
Lehman Financial Resources
Pennsylvania
$102K – – –
ST
32
Spot Trading
Illinois
$69K -$174K -345 -72%
TRCT
33
Tower Research Capital (TRC)
New York
$4K +$504 +1 +14%
Wells Fargo
34
Wells Fargo
California
$4K +$4.54K +9 New
AIG
35
American International Group
New York
$3.4K – – –
Manulife (Manufacturers Life Insurance)
36
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$24 +$11.6K +23 +100%
Citigroup
37
Citigroup
New York
– -$5.84M -11,410 Closed
HTC
38
Hershey Trust Company
Pennsylvania
– -$617K -1,205 Closed
TC
39
TFS Capital
Pennsylvania
– -$397K -775 Closed
BC
40
Brookfield Corp
Ontario, Canada
– -$2.31M -451 Closed
Barclays
41
Barclays
United Kingdom
– -$116K -227 Closed
1
2

SMC Hedge Fund Activity: Q3 2013 in Review

36 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q3 2013, worth a combined $459M — down 0.54% from $462M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of SMC and 4 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 15 added.

The largest buyer was ClearBridge Investments, adding an estimated $7.88M. The largest seller was Kayne Anderson Capital Advisors, cutting an estimated $8.71M.

  • 36 institutional investors held Summit Midstream (SMC) as of Q3 2013, down from 37 in Q2 2013.
  • Funds reported $459M of Summit Midstream stock for Q3 2013, down 0.54% quarter-over-quarter.
  • 4 funds opened new Summit Midstream positions in Q3 2013 and 5 closed out, a net change of -1 holder.
  • The largest Summit Midstream buyer in Q3 2013 was ClearBridge Investments, an estimated $7.88M added.
  • The largest Summit Midstream seller in Q3 2013 was Kayne Anderson Capital Advisors, an estimated $8.71M sold.

Based on aggregated 13F filings for Q3 2013.