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SMC

Summit Midstream
SMC

65 hedge funds and large institutions have $706M invested in Summit Midstream in 2016 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 26 increasing their positions, 12 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

650% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 2

211% more call options, than puts

Call options by funds: $12.2M | Put options by funds: $3.93M

117% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 12

20% more funds holding

Funds holding: 54 → 65 (+11)

19% more capital invested

Capital invested by funds: $595M → $706M (+$111M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
65
Holders Change
+11
Holders Change %
+20.37%
% of All Funds
1.73%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
15
Increased
26
Reduced
12
Closed
2
Calls
$12.2M
Puts
$3.93M
Net Calls
+$8.29M
Net Calls Change
+$7.4M

Top Buyers

1
O
OppenheimerFunds
New York
+$41.4M
2
Goldman Sachs
Goldman Sachs
New York
+$37.1M
3
KACA
Kayne Anderson Capital Advisors
California
+$14.5M
4
OA
Oxbow Advisors
Texas
+$8.71M
5
Citigroup
Citigroup
New York
+$4.07M

Top Sellers

1
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$8.17M
2
ECM
Evergreen Capital Management
Washington
-$6.22M
3
Deutsche Bank
Deutsche Bank
Germany
-$3.13M
4
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
-$2.28M
5
AR
Advisory Research
Illinois
-$1.49M
Name Holding Trade Value Shares
Change 		Change in
Stake
HT
26
HAP Trading
New York
$2.14M +$2.15M +6,215 New
MLICM
27
Metropolitan Life Insurance Company (MetLife)
New York
$1.84M – – –
Deutsche Bank
28
Deutsche Bank
Germany
$1.64M -$3.13M -9,062 -66%
Renaissance Technologies
29
Renaissance Technologies
New York
$1.63M -$408K -1,180 -20%
VanEck Associates
30
VanEck Associates
New York
$1.59M +$108K +312 +7%
State of New Jersey Common Pension Fund D
31
State of New Jersey Common Pension Fund D
New Jersey
$1.58M +$1.59M +4,607 New
Susquehanna International Group
32
Susquehanna International Group
Pennsylvania
$1.58M – – –
Wells Fargo
33
Wells Fargo
California
$1.4M +$41.5K +120 +3%
CM
34
Castleark Management
Illinois
$1.16M +$1.17M +3,373 New
RJA
35
Raymond James & Associates
Florida
$1.01M +$1.01M +2,934 New
DCM
36
Driehaus Capital Management
Illinois
$926K +$930K +2,691 New
Barclays
37
Barclays
United Kingdom
$903K -$6.57K -19 -0.7%
GC
38
Guggenheim Capital
Illinois
$869K -$243K -704 -22%
California Public Employees Retirement System
39
California Public Employees Retirement System
California
$828K – – –
PWAG
40
Polaris Wealth Advisory Group
California
$817K – – –
DLG
41
Daniel L. Goodwin
$701K – – –
PM
42
Penbrook Management
New York
$674K – – –
AA
43
AQR Arbitrage
Connecticut
$599K – – –
GCP
44
GSA Capital Partners
United Kingdom
$544K +$547K +1,582 New
CG
45
Cutler Group
California
$531K +$16.2K +47 +3%
Walleye Trading
46
Walleye Trading
New York
$409K +$411K +1,188 New
SG Americas Securities
47
SG Americas Securities
New York
$325K -$264K -764 -45%
FRM
48
Fox Run Management
Connecticut
$307K +$309K +893 New
Baird Financial Group
49
Baird Financial Group
Wisconsin
$284K -$9.33K -27 -3%
Royal Bank of Canada
50
Royal Bank of Canada
Ontario, Canada
$280K -$4.49K -13 -2%
1
2
3

SMC Hedge Fund Activity: Q3 2016 in Review

65 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q3 2016, worth a combined $706M — up 19% from $595M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new SMC positions and 2 closed out — a net gain of 13 holders — while 26 added to existing stakes and 12 trimmed.

The largest buyer was OppenheimerFunds, adding an estimated $41.4M. The largest seller was CIBC Private Wealth Group, cutting an estimated $8.17M.

  • 65 institutional investors held Summit Midstream (SMC) as of Q3 2016, up from 54 in Q2 2016.
  • Funds reported $706M of Summit Midstream stock for Q3 2016, up 19% quarter-over-quarter.
  • 15 funds opened new Summit Midstream positions in Q3 2016 and 2 closed out, a net change of +13 holders.
  • The largest Summit Midstream buyer in Q3 2016 was OppenheimerFunds, an estimated $41.4M added.
  • The largest Summit Midstream seller in Q3 2016 was CIBC Private Wealth Group, an estimated $8.17M sold.

Based on aggregated 13F filings for Q3 2016.