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SMC

Summit Midstream
SMC

74 hedge funds and large institutions have $1.31B invested in Summit Midstream in 2014 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 19 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

900% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 1

84% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 19

12% more funds holding

Funds holding: 66 → 74 (+8)

10% more capital invested

Capital invested by funds: $1.19B → $1.31B (+$121M)

70% less call options, than puts

Call options by funds: $1.12M | Put options by funds: $3.73M

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
74
Holders Change
+8
Holders Change %
+12.12%
% of All Funds
2.15%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
10
Increased
35
Reduced
19
Closed
1
Calls
$1.12M
Puts
$3.73M
Net Calls
-$2.62M
Net Calls Change
-$8.15M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$74.1M
2
CCCA
Center Coast Capital Advisors
Texas
+$14.6M
3
HighTower Advisors
HighTower Advisors
Illinois
+$10.2M
4
DPIM
Duff & Phelps Investment Management
Illinois
+$7.67M
5
O
OppenheimerFunds
New York
+$5.12M

Top Sellers

Rank Fund Capital Flow
1
SC
Sculptor Capital
New York
-$5.09M
2
FWIA
Fort Washington Investment Advisors
Ohio
-$4.65M
3
ClearBridge Investments
ClearBridge Investments
New York
-$4.17M
4
MSA
Mason Street Advisors
Wisconsin
-$4.17M
5
HFA
Harvest Fund Advisors
Pennsylvania
-$2.99M
Name Holding Trade Value Shares
Change 		Change in
Stake
TAM
26
TPH Asset Management
Texas
$4.69M +$4.72M +6,149 New
Barclays
27
Barclays
United Kingdom
$4.34M +$3.21M +4,181 +261%
LMGAM
28
Liberty Mutual Group Asset Management
Massachusetts
$4.26M – – –
Bank of America
29
Bank of America
North Carolina
$4.08M +$1.05M +1,369 +34%
FWIA
30
Fort Washington Investment Advisors
Ohio
$3.94M -$4.65M -6,065 -54%
AR
31
Advisory Research
Illinois
$3.87M – – –
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$3.4M +$2M +2,604 +141%
NIM
33
NXG Investment Management
Texas
$3.25M -$229K -298 -7%
DCM
34
Driehaus Capital Management
Illinois
$3.19M +$1M +1,308 +45%
PNC Financial Services Group
35
PNC Financial Services Group
Pennsylvania
$2.76M -$140K -183 -5%
HHAM
36
HITE Hedge Asset Management
Massachusetts
$2.66M +$2.18M +2,838 +435%
CM
37
Castleark Management
Illinois
$2.32M – – –
GC
38
Guggenheim Capital
Illinois
$2.13M +$1.49M +1,943 +229%
IMS
39
Index Management Solutions
Pennsylvania
$2.03M +$139K +181 +7%
RFC
40
Russell Frank Company
Washington
$2.03M +$601K +784 +42%
Jennison Associates
41
Jennison Associates
New York
$2M +$968K +1,262 +93%
BAM
42
Burnham Asset Management
New York
$1.53M +$215K +280 +16%
RJA
43
Raymond James & Associates
Florida
$1.47M +$93.6K +122 +7%
UR
44
USCA RIA
Texas
$1.31M +$491K +640 +59%
CIMLRA
45
CBRE Investment Management Listed Real Assets
Pennsylvania
$1.3M +$51.4K +67 +4%
Renaissance Technologies
46
Renaissance Technologies
New York
$1.25M -$367K -479 -23%
SOAMC
47
Spirit of America Management Corp
New York
$1.2M +$1.21M +1,573 New
CCT
48
Country Club Trust
Missouri
$1.13M +$82.8K +108 +8%
BGA
49
Belmont Global Advisors
Texas
$1.08M – – –
SIC
50
Salem Investment Counselors
North Carolina
$915K +$614K +800 +200%
1
2
3

SMC Hedge Fund Activity: Q3 2014 in Review

74 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q3 2014, worth a combined $1.31B — up 10% from $1.19B a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new SMC positions and 1 closed out — a net gain of 9 holders — while 35 added to existing stakes and 19 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $74.1M. The largest seller was Sculptor Capital, cutting an estimated $5.09M.

  • 74 institutional investors held Summit Midstream (SMC) as of Q3 2014, up from 66 in Q2 2014.
  • Funds reported $1.31B of Summit Midstream stock for Q3 2014, up 10% quarter-over-quarter.
  • 10 funds opened new Summit Midstream positions in Q3 2014 and 1 closed out, a net change of +9 holders.
  • The largest Summit Midstream buyer in Q3 2014 was Goldman Sachs, an estimated $74.1M added.
  • The largest Summit Midstream seller in Q3 2014 was Sculptor Capital, an estimated $5.09M sold.

Based on aggregated 13F filings for Q3 2014.