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SMC

Summit Midstream
SMC

46 hedge funds and large institutions have $501M invested in Summit Midstream in 2013 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,000% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 1

46% more call options, than puts

Call options by funds: $363K | Put options by funds: $249K

28% more funds holding

Funds holding: 36 → 46 (+10)

17% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 12

9% more capital invested

Capital invested by funds: $459M → $501M (+$42M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
46
Holders Change
+10
Holders Change %
+27.78%
% of All Funds
1.34%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
11
Increased
14
Reduced
12
Closed
1
Calls
$363K
Puts
$249K
Net Calls
+$114K
Net Calls Change
+$1.81M

Top Buyers

1
U
UBS
Switzerland
+$3.63M
2
ClearBridge Investments
ClearBridge Investments
New York
+$2.69M
3
Goldman Sachs
Goldman Sachs
New York
+$2.48M
4
SCA
Salient Capital Advisors
Texas
+$2.02M
5
O
OppenheimerFunds
New York
+$1.15M

Top Sellers

1
KACA
Kayne Anderson Capital Advisors
California
-$4.79M
2
ECM
Evergreen Capital Management
Washington
-$2.42M
3
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
-$2.01M
4
Morgan Stanley
Morgan Stanley
New York
-$1.66M
5
EGA
Eagle Global Advisors
Texas
-$756K
Name Holding Trade Value Shares
Change 		Change in
Stake
HT
26
HighTower Trust
Texas
$809K +$87.9K +174 +13%
FWIA
27
Fort Washington Investment Advisors
Ohio
$660K +$606K +1,200 New
GCP
28
GSA Capital Partners
United Kingdom
$597K +$548K +1,086 New
HHAM
29
HITE Hedge Asset Management
Massachusetts
$513K +$471K +933 New
IAS
30
IMA Advisory Services
Colorado
$498K – – –
JP Morgan Chase
31
JP Morgan Chase
New York
$496K -$74.7K -148 -14%
FSA
32
Financial Sense Advisors
California
$301K +$277K +548 New
UR
33
USCA RIA
Texas
$252K – – –
CCT
34
Country Club Trust
Missouri
$236K +$217K +429 New
PNC Financial Services Group
35
PNC Financial Services Group
Pennsylvania
$231K +$107K +211 +101%
SIC
36
Salem Investment Counselors
North Carolina
$220K – – –
Royal Bank of Canada
37
Royal Bank of Canada
Ontario, Canada
$202K – – –
LFR
38
Lehman Financial Resources
Pennsylvania
$106K -$3.54K -7 -4%
Group One Trading
39
Group One Trading
Illinois
$71K -$63.6K -126 -49%
SAM
40
Solaris Asset Management
New York
$40K +$36.9K +73 New
Citigroup
41
Citigroup
New York
$38K +$34.3K +68 New
Wells Fargo
42
Wells Fargo
California
$7K +$2.02K +4 +44%
TRCT
43
Tower Research Capital (TRC)
New York
$4K -$505 -1 -13%
SSG
44
Summit Securities Group
New York
$4K +$3.54K +7 New
AIG
45
American International Group
New York
$3.67K – – –
Manulife (Manufacturers Life Insurance)
46
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$33 +$7.07K +14 +30%
ST
47
Spot Trading
Illinois
– -$68.2K -135 Closed
1
2

SMC Hedge Fund Activity: Q4 2013 in Review

46 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q4 2013, worth a combined $501M — up 9.1% from $459M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new SMC positions and 1 closed out — a net gain of 10 holders — while 14 added to existing stakes and 12 trimmed.

The largest buyer was UBS, adding an estimated $3.63M. The largest seller was Kayne Anderson Capital Advisors, cutting an estimated $4.79M.

  • 46 institutional investors held Summit Midstream (SMC) as of Q4 2013, up from 36 in Q3 2013.
  • Funds reported $501M of Summit Midstream stock for Q4 2013, up 9.1% quarter-over-quarter.
  • 11 funds opened new Summit Midstream positions in Q4 2013 and 1 closed out, a net change of +10 holders.
  • The largest Summit Midstream buyer in Q4 2013 was UBS, an estimated $3.63M added.
  • The largest Summit Midstream seller in Q4 2013 was Kayne Anderson Capital Advisors, an estimated $4.79M sold.

Based on aggregated 13F filings for Q4 2013.