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SMC

Summit Midstream
SMC

66 hedge funds and large institutions have $831M invested in Summit Midstream in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 26 increasing their positions, 21 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

313% more call options, than puts

Call options by funds: $9.53M | Put options by funds: $2.31M

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

24% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 21

22% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 9

18% more capital invested

Capital invested by funds: $706M → $831M (+$124M)

2% more funds holding

Funds holding: 65 → 66 (+1)

Holders
66
Holders Change
+1
Holders Change %
+1.54%
% of All Funds
1.65%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
11
Increased
26
Reduced
21
Closed
9
Calls
$9.53M
Puts
$2.31M
Net Calls
+$7.22M
Net Calls Change
-$1.06M

Top Buyers

1
KACA
Kayne Anderson Capital Advisors
California
+$37.8M
2
N
Nuveen
North Carolina
+$29.3M
3
O
OppenheimerFunds
New York
+$17.2M
4
Morgan Stanley
Morgan Stanley
New York
+$4.85M
5
Deutsche Bank
Deutsche Bank
Germany
+$3.31M

Top Sellers

1
Goldman Sachs
Goldman Sachs
New York
-$37.5M
2
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$7.57M
3
SCA
Salient Capital Advisors
Texas
-$5.36M
4
CS
Credit Suisse
Switzerland
-$5.15M
5
HT
HAP Trading
New York
-$2.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
HHAM
26
HITE Hedge Asset Management
Massachusetts
$3.63M +$3.29M +9,619 New
Rafferty Asset Management
27
Rafferty Asset Management
New York
$2.92M -$106K -310 -4%
EM
28
ELCO Management
New York
$2.69M -$1.99M -5,814 -45%
FWIA
29
Fort Washington Investment Advisors
Ohio
$2.64M -$319K -933 -12%
Susquehanna International Group
30
Susquehanna International Group
Pennsylvania
$2.28M +$497K +1,455 +32%
EU
31
Emory University
Georgia
$2.2M +$1.99M +5,837 New
EM
32
EnTrustPermal Management
New York
$2.13M +$1.93M +5,640 New
MLICM
33
Metropolitan Life Insurance Company (MetLife)
New York
$2.02M – – –
State of New Jersey Common Pension Fund D
34
State of New Jersey Common Pension Fund D
New Jersey
$1.74M – – –
VanEck Associates
35
VanEck Associates
New York
$1.68M -$56.4K -165 -4%
IECM
36
Intrinsic Edge Capital Management
Illinois
$1.44M +$1.3M +3,814 New
Wells Fargo
37
Wells Fargo
California
$1.37M -$144K -422 -10%
Barclays
38
Barclays
United Kingdom
$1.27M +$258K +756 +29%
CM
39
Castleark Management
Illinois
$1.27M – – –
CIM
40
Castleton Investment Management
Connecticut
$1.08M +$979K +2,867 New
RJA
41
Raymond James & Associates
Florida
$1.07M -$33.8K -99 -3%
PWAG
42
Polaris Wealth Advisory Group
California
$895K – – –
GC
43
Guggenheim Capital
Illinois
$887K -$60.1K -176 -7%
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$747K +$399K +1,168 +144%
Millennium Management
45
Millennium Management
New York
$711K +$644K +1,886 New
AA
46
AQR Arbitrage
Connecticut
$657K – – –
VKH
47
Virtu KCG Holdings
New York
$645K +$585K +1,711 New
GCP
48
GSA Capital Partners
United Kingdom
$475K -$110K -322 -20%
DLG
49
Daniel L. Goodwin
$387K -$345K -1,010 -50%
CCI
50
Credit Capital Investments
New Jersey
$350K +$317K +927 New
1
2
3

SMC Hedge Fund Activity: Q4 2016 in Review

66 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q4 2016, worth a combined $831M — up 18% from $706M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new SMC positions and 9 closed out — a net gain of 2 holders — while 26 added to existing stakes and 21 trimmed.

The largest buyer was Kayne Anderson Capital Advisors, adding an estimated $37.8M. The largest seller was Goldman Sachs, cutting an estimated $37.5M.

  • 66 institutional investors held Summit Midstream (SMC) as of Q4 2016, up from 65 in Q3 2016.
  • Funds reported $831M of Summit Midstream stock for Q4 2016, up 18% quarter-over-quarter.
  • 11 funds opened new Summit Midstream positions in Q4 2016 and 9 closed out, a net change of +2 holders.
  • The largest Summit Midstream buyer in Q4 2016 was Kayne Anderson Capital Advisors, an estimated $37.8M added.
  • The largest Summit Midstream seller in Q4 2016 was Goldman Sachs, an estimated $37.5M sold.

Based on aggregated 13F filings for Q4 2016.