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SMC

Summit Midstream
SMC

70 hedge funds and large institutions have $1.04B invested in Summit Midstream in 2015 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 36 increasing their positions, 11 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

227% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 11

27% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 11

26% more capital invested

Capital invested by funds: $829M → $1.04B (+$215M)

3% more funds holding

Funds holding: 68 → 70 (+2)

68% less call options, than puts

Call options by funds: $2.59M | Put options by funds: $8.16M

Holders
70
Holders Change
+2
Holders Change %
+2.94%
% of All Funds
1.89%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
14
Increased
36
Reduced
11
Closed
11
Calls
$2.59M
Puts
$8.16M
Net Calls
-$5.57M
Net Calls Change
-$338K

Top Buyers

1
AR
Advisory Research
Illinois
+$66.3M
2
O
OppenheimerFunds
New York
+$28.1M
3
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
+$23M
4
Morgan Stanley
Morgan Stanley
New York
+$20.2M
5
HFA
Harvest Fund Advisors
Pennsylvania
+$20M

Top Sellers

1
KACA
Kayne Anderson Capital Advisors
California
-$16M
2
Neuberger Berman Group
Neuberger Berman Group
New York
-$13.6M
3
Goldman Sachs
Goldman Sachs
New York
-$12.6M
4
EGA
Eagle Global Advisors
Texas
-$8.84M
5
HighTower Advisors
HighTower Advisors
Illinois
-$7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$3.71M -$2.48K -5 -0.1%
DCM
27
Driehaus Capital Management
Illinois
$3.57M +$3.57M +7,208 New
Jennison Associates
28
Jennison Associates
New York
$3.42M +$1.04M +2,106 +44%
NIM
29
NXG Investment Management
Texas
$2.98M -$555K -1,120 -16%
FWIA
30
Fort Washington Investment Advisors
Ohio
$2.84M +$562K +1,133 +25%
Barclays
31
Barclays
United Kingdom
$2.83M -$25.3K -51 -0.9%
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$2.53M +$2.13M +4,287 +525%
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$2.45M +$216K +436 +10%
LMGAM
34
Liberty Mutual Group Asset Management
Massachusetts
$1.91M -$134K -270 -7%
BAM
35
Burnham Asset Management
New York
$1.78M +$562K +1,133 +46%
GC
36
Guggenheim Capital
Illinois
$1.46M -$100K -202 -6%
IG
37
ING Group
Netherlands
$1.32M – – –
Northern Trust
38
Northern Trust
Illinois
$1.2M +$170K +342 +16%
UR
39
USCA RIA
Texas
$1.11M +$674K +1,360 +156%
PCM
40
Pointe Capital Management
Michigan
$1.08M +$451K +909 +72%
SOAMC
41
Spirit of America Management Corp
New York
$1.07M +$152K +307 +17%
DLG
42
Daniel L. Goodwin
$1.03M +$9.92K +20 +1%
Wells Fargo
43
Wells Fargo
California
$1.03M +$530K +1,068 +106%
TAM
44
TPH Asset Management
Texas
$985K +$10.4K +21 +1%
State Street
45
State Street
Massachusetts
$958K +$317K +639 +49%
ECM
46
Evergreen Capital Management
Washington
$943K +$944K +1,903 New
Sumitomo Mitsui Trust Group
47
Sumitomo Mitsui Trust Group
Japan
$925K – – –
HHAM
48
HITE Hedge Asset Management
Massachusetts
$604K +$604K +1,219 New
HT
49
HighTower Trust
Texas
$522K +$70.9K +143 +16%
GXMC
50
Global X Management Company
New York
$464K +$2.48K +5 +0.5%
1
2
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SMC Hedge Fund Activity: Q2 2015 in Review

70 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q2 2015, worth a combined $1.04B — up 26% from $829M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new SMC positions and 11 closed out — a net gain of 3 holders — while 36 added to existing stakes and 11 trimmed.

The largest buyer was Advisory Research, adding an estimated $66.3M. The largest seller was Kayne Anderson Capital Advisors, cutting an estimated $16M.

  • 70 institutional investors held Summit Midstream (SMC) as of Q2 2015, up from 68 in Q1 2015.
  • Funds reported $1.04B of Summit Midstream stock for Q2 2015, up 26% quarter-over-quarter.
  • 14 funds opened new Summit Midstream positions in Q2 2015 and 11 closed out, a net change of +3 holders.
  • The largest Summit Midstream buyer in Q2 2015 was Advisory Research, an estimated $66.3M added.
  • The largest Summit Midstream seller in Q2 2015 was Kayne Anderson Capital Advisors, an estimated $16M sold.

Based on aggregated 13F filings for Q2 2015.