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SMC

Summit Midstream
SMC

64 hedge funds and large institutions have $727M invested in Summit Midstream in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 22 increasing their positions, 25 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more call options, than puts

Call options by funds: $998K | Put options by funds: $852K

12% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 25

12% less funds holding

Funds holding: 73 → 64 (-9)

13% less capital invested

Capital invested by funds: $833M → $727M (-$105M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

64% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 14

Holders
64
Holders Change
-9
Holders Change %
-12.33%
% of All Funds
1.6%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
5
Increased
22
Reduced
25
Closed
14
Calls
$998K
Puts
$852K
Net Calls
+$146K
Net Calls Change
+$8.17M

Top Buyers

1
HFA
Harvest Fund Advisors
Pennsylvania
+$9.52M
2
AR
Advisory Research
Illinois
+$4.36M
3
JP Morgan Chase
JP Morgan Chase
New York
+$3.3M
4
Neuberger Berman Group
Neuberger Berman Group
New York
+$1.76M
5
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
+$1.31M

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$8.26M
2
Morgan Stanley
Morgan Stanley
New York
-$4.03M
3
Goldman Sachs
Goldman Sachs
New York
-$3.95M
4
NIM
NXG Investment Management
Texas
-$3.45M
5
GC
Guggenheim Capital
Illinois
-$3.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
Neuberger Berman Group
26
Neuberger Berman Group
New York
$2.11M +$1.76M +5,378 +326%
BI
27
Bramshill Investments
Florida
$2.08M -$165K -507 -7%
EM
28
ELCO Management
New York
$2.06M -$31.7K -97 -1%
Bank of Montreal
29
Bank of Montreal
Ontario, Canada
$1.85M – – –
EU
30
Emory University
Georgia
$1.75M – – –
MLICM
31
Metropolitan Life Insurance Company (MetLife)
New York
$1.61M – – –
CIM
32
Castleton Investment Management
Connecticut
$1.4M -$544K -1,666 -26%
VanEck Associates
33
VanEck Associates
New York
$1.08M -$151K -464 -11%
Wells Fargo
34
Wells Fargo
California
$1.01M -$21.5K -66 -2%
RJA
35
Raymond James & Associates
Florida
$939K +$61K +187 +6%
CS
36
Credit Suisse
Switzerland
$905K +$18.9K +58 +2%
GC
37
Guggenheim Capital
Illinois
$881K -$3.15M -9,643 -77%
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$766K -$116K -354 -12%
AIA
39
Arrow Investment Advisors
Maryland
$681K +$97.9K +300 +15%
AA
40
AQR Arbitrage
Connecticut
$621K – – –
Deutsche Bank
41
Deutsche Bank
Germany
$540K +$322K +987 +121%
MWNA
42
Marshall Wace North America
New York
$418K -$377K -1,156 -45%
TFCP
43
Twin Focus Capital Partners
Massachusetts
$400K – – –
IECM
44
Intrinsic Edge Capital Management
Illinois
$400K +$435K +1,333 New
TYCC
45
Texas Yale Capital Corp
Florida
$368K – – –
Stifel Financial
46
Stifel Financial
Missouri
$352K -$98.9K -303 -21%
Barclays
47
Barclays
United Kingdom
$332K -$50.9K -156 -12%
SGCA
48
Steel Grove Capital Advisors
Tennessee
$325K -$430K -1,318 -55%
IFAM
49
Institutional & Family Asset Management
Colorado
$309K +$336K +1,030 New
CCI
50
Credit Capital Investments
New Jersey
$234K – – –
1
2
3 4

SMC Hedge Fund Activity: Q3 2017 in Review

64 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q3 2017, worth a combined $727M — down 13% from $833M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of SMC and 5 opened new positions — a net loss of 9 holders — while 25 trimmed existing stakes and 22 added.

The largest buyer was Harvest Fund Advisors, adding an estimated $9.52M. The largest seller was UBS Group, cutting an estimated $8.26M.

  • 64 institutional investors held Summit Midstream (SMC) as of Q3 2017, down from 73 in Q2 2017.
  • Funds reported $727M of Summit Midstream stock for Q3 2017, down 13% quarter-over-quarter.
  • 5 funds opened new Summit Midstream positions in Q3 2017 and 14 closed out, a net change of -9 holders.
  • The largest Summit Midstream buyer in Q3 2017 was Harvest Fund Advisors, an estimated $9.52M added.
  • The largest Summit Midstream seller in Q3 2017 was UBS Group, an estimated $8.26M sold.

Based on aggregated 13F filings for Q3 2017.