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SMC

Summit Midstream
SMC

54 hedge funds and large institutions have $595M invested in Summit Midstream in 2016 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 17 increasing their positions, 20 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

264% more call options, than puts

Call options by funds: $1.23M | Put options by funds: $337K

27% more capital invested

Capital invested by funds: $467M → $595M (+$128M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

11% less funds holding

Funds holding: 61 → 54 (-7)

15% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 20

64% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 11

Holders
54
Holders Change
-7
Holders Change %
-11.48%
% of All Funds
1.44%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
4
Increased
17
Reduced
20
Closed
11
Calls
$1.23M
Puts
$337K
Net Calls
+$890K
Net Calls Change
-$540K

Top Buyers

1
O
OppenheimerFunds
New York
+$20.5M
2
HFA
Harvest Fund Advisors
Pennsylvania
+$2.42M
3
HCM
HMI Capital Management
California
+$1.66M
4
AR
Advisory Research
Illinois
+$1.51M
5
Deutsche Bank
Deutsche Bank
Germany
+$1.09M

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$11.9M
2
KACA
Kayne Anderson Capital Advisors
California
-$10.4M
3
GC
Guggenheim Capital
Illinois
-$7.75M
4
CCCA
Center Coast Capital Advisors
Texas
-$4.75M
5
Goldman Sachs
Goldman Sachs
New York
-$4.53M
Name Holding Trade Value Shares
Change 		Change in
Stake
FWIA
26
Fort Washington Investment Advisors
Ohio
$1.46M -$2.01M -6,466 -60%
Citigroup
27
Citigroup
New York
$1.37M -$1.77M -5,681 -59%
Wells Fargo
28
Wells Fargo
California
$1.35M +$22.7K +73 +2%
BAM
29
Burnham Asset Management
New York
$1.15M -$51.7K -166 -5%
GC
30
Guggenheim Capital
Illinois
$1.11M -$7.75M -24,896 -89%
Barclays
31
Barclays
United Kingdom
$906K -$299K -960 -27%
California Public Employees Retirement System
32
California Public Employees Retirement System
California
$825K – – –
PWAG
33
Polaris Wealth Advisory Group
California
$813K – – –
SOAMC
34
Spirit of America Management Corp
New York
$741K – – –
DLG
35
Daniel L. Goodwin
$698K – – –
PM
36
Penbrook Management
New York
$672K -$8.4K -27 -1%
AA
37
AQR Arbitrage
Connecticut
$597K – – –
SG Americas Securities
38
SG Americas Securities
New York
$585K +$532K +1,708 New
SG
39
Societe Generale
$585K +$532K +1,708 New
CG
40
Cutler Group
California
$513K +$399K +1,283 +597%
LMGAM
41
Liberty Mutual Group Asset Management
Massachusetts
$330K -$375K -1,204 -56%
Baird Financial Group
42
Baird Financial Group
Wisconsin
$292K – – –
Royal Bank of Canada
43
Royal Bank of Canada
Ontario, Canada
$283K +$78.1K +251 +44%
RJFSA
44
Raymond James Financial Services Advisors
Florida
$229K +$208K +667 New
KA
45
Klingman & Associates
New York
$91K – – –
Group One Trading
46
Group One Trading
Illinois
$85K +$46.7K +150 +153%
MFW
47
Mosaic Family Wealth
Missouri
$70K +$311 +1 +0.5%
CPIG
48
Chicago Partners Investment Group
Illinois
$69K – – –
Toronto Dominion Bank
49
Toronto Dominion Bank
Ontario, Canada
$67K -$19.6K -63 -24%
Manulife (Manufacturers Life Insurance)
50
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$31K +$2.49K +8 +10%
1
2
3

SMC Hedge Fund Activity: Q2 2016 in Review

54 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q2 2016, worth a combined $595M — up 27% from $467M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of SMC and 4 opened new positions — a net loss of 7 holders — while 20 trimmed existing stakes and 17 added.

The largest buyer was OppenheimerFunds, adding an estimated $20.5M. The largest seller was UBS Group, cutting an estimated $11.9M.

  • 54 institutional investors held Summit Midstream (SMC) as of Q2 2016, down from 61 in Q1 2016.
  • Funds reported $595M of Summit Midstream stock for Q2 2016, up 27% quarter-over-quarter.
  • 4 funds opened new Summit Midstream positions in Q2 2016 and 11 closed out, a net change of -7 holders.
  • The largest Summit Midstream buyer in Q2 2016 was OppenheimerFunds, an estimated $20.5M added.
  • The largest Summit Midstream seller in Q2 2016 was UBS Group, an estimated $11.9M sold.

Based on aggregated 13F filings for Q2 2016.