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SMC

Summit Midstream
SMC

66 hedge funds and large institutions have $977M invested in Summit Midstream in 2014 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 30 increasing their positions, 8 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 5

275% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 8

95% more capital invested

Capital invested by funds: $501M → $977M (+$476M)

43% more funds holding

Funds holding: 46 → 66 (+20)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

69% less call options, than puts

Call options by funds: $150K | Put options by funds: $485K

Holders
66
Holders Change
+20
Holders Change %
+43.48%
% of All Funds
1.91%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
25
Increased
30
Reduced
8
Closed
5
Calls
$150K
Puts
$485K
Net Calls
-$335K
Net Calls Change
-$449K

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$94.4M
2
Neuberger Berman Group
Neuberger Berman Group
New York
+$48.1M
3
SCA
Salient Capital Advisors
Texas
+$47M
4
KACA
Kayne Anderson Capital Advisors
California
+$43.4M
5
O
OppenheimerFunds
New York
+$15M

Top Sellers

1
Invesco
Invesco
Georgia
-$7.33M
2
ECM
Evergreen Capital Management
Washington
-$3.45M
3
HFA
Harvest Fund Advisors
Pennsylvania
-$2.33M
4
SC
Savitr Capital
California
-$1.5M
5
ClearBridge Investments
ClearBridge Investments
New York
-$352K
Name Holding Trade Value Shares
Change 		Change in
Stake
FWIA
26
Fort Washington Investment Advisors
Ohio
$2.27M +$1.37M +2,329 +194%
PNC Financial Services Group
27
PNC Financial Services Group
Pennsylvania
$2.03M +$1.61M +2,743 +653%
HT
28
HighTower Trust
Texas
$1.98M +$949K +1,614 +110%
HHAM
29
HITE Hedge Asset Management
Massachusetts
$1.81M +$1.1M +1,876 +201%
Deutsche Bank
30
Deutsche Bank
Germany
$1.79M +$738K +1,255 +82%
AR
31
Advisory Research
Illinois
$1.47M +$1.35M +2,293 New
DCM
32
Driehaus Capital Management
Illinois
$1.47M +$1.34M +2,279 New
IMS
33
Index Management Solutions
Pennsylvania
$1.44M +$1.32M +2,241 New
RFC
34
Russell Frank Company
Washington
$1.33M +$1.16M +1,975 New
Royal Bank of Canada
35
Royal Bank of Canada
Ontario, Canada
$1.32M +$993K +1,688 +459%
HighTower Advisors
36
HighTower Advisors
Illinois
$1.22M +$116K +197 +12%
SC
37
Savitr Capital
California
$1.05M -$1.5M -2,546 -61%
BGA
38
Belmont Global Advisors
Texas
$1.01M -$125K -213 -12%
RJA
39
Raymond James & Associates
Florida
$1M +$31.8K +54 +4%
Jennison Associates
40
Jennison Associates
New York
$840K +$765K +1,301 New
FSA
41
Financial Sense Advisors
California
$756K +$369K +628 +115%
GCP
42
GSA Capital Partners
United Kingdom
$727K +$23.5K +40 +4%
Renaissance Technologies
43
Renaissance Technologies
New York
$722K -$238K -404 -26%
CCT
44
Country Club Trust
Missouri
$685K +$375K +637 +148%
BAM
45
Burnham Asset Management
New York
$679K +$622K +1,057 New
CBOA
46
Commonwealth Bank of Australia
Australia
$656K +$600K +1,020 New
IAS
47
IMA Advisory Services
Colorado
$576K -$5.88K -10 -1%
UR
48
USCA RIA
Texas
$541K +$225K +383 +83%
TAM
49
TPH Asset Management
Texas
$512K +$467K +793 New
LCM
50
Landscape Capital Management
New Jersey
$436K +$399K +678 New
1
2
3

SMC Hedge Fund Activity: Q1 2014 in Review

66 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q1 2014, worth a combined $977M — up 95% from $501M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new SMC positions and 5 closed out — a net gain of 20 holders — while 30 added to existing stakes and 8 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $94.4M. The largest seller was Invesco, exiting entirely with an estimated $7.33M sold.

  • 66 institutional investors held Summit Midstream (SMC) as of Q1 2014, up from 46 in Q4 2013.
  • Funds reported $977M of Summit Midstream stock for Q1 2014, up 95% quarter-over-quarter.
  • 25 funds opened new Summit Midstream positions in Q1 2014 and 5 closed out, a net change of +20 holders.
  • The largest Summit Midstream buyer in Q1 2014 was Goldman Sachs, an estimated $94.4M added.
  • The largest Summit Midstream seller in Q1 2014 was Invesco, an estimated $7.33M sold.

Based on aggregated 13F filings for Q1 2014.