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SMC

Summit Midstream
SMC

72 hedge funds and large institutions have $740M invested in Summit Midstream in 2017 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 9

15% more call options, than puts

Call options by funds: $512K | Put options by funds: $444K

13% more funds holding

Funds holding: 64 → 72 (+8)

9% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 22

2% more capital invested

Capital invested by funds: $727M → $740M (+$13M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
72
Holders Change
+8
Holders Change %
+12.5%
% of All Funds
1.63%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
18
Increased
24
Reduced
22
Closed
9
Calls
$512K
Puts
$444K
Net Calls
+$68K
Net Calls Change
-$78K

Top Buyers

Rank Fund Capital Flow
1
Blackstone Inc
Blackstone Inc
New York
+$61.3M
2
HCM
HMI Capital Management
California
+$13.2M
3
Cohen & Steers
Cohen & Steers
New York
+$6.94M
4
KACA
Kayne Anderson Capital Advisors
California
+$3.48M
5
JP Morgan Chase
JP Morgan Chase
New York
+$2.86M

Top Sellers

Rank Fund Capital Flow
1
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$9.21M
2
Morgan Stanley
Morgan Stanley
New York
-$5.58M
3
O
OppenheimerFunds
New York
-$4.93M
4
Goldman Sachs
Goldman Sachs
New York
-$4.4M
5
Bank of America
Bank of America
North Carolina
-$3.73M
Name Holding Trade Value Shares
Change 		Change in
Stake
Rafferty Asset Management
26
Rafferty Asset Management
New York
$2.37M -$187K -617 -7%
CIM
27
Castleton Investment Management
Connecticut
$2.11M +$666K +2,200 +47%
BI
28
Bramshill Investments
Florida
$2.04M -$85.7K -283 -4%
EM
29
ELCO Management
New York
$2.02M -$95.9K -317 -5%
Citigroup
30
Citigroup
New York
$2M -$216K -712 -10%
Bank of Montreal
31
Bank of Montreal
Ontario, Canada
$1.9M – – –
Neuberger Berman Group
32
Neuberger Berman Group
New York
$1.83M -$325K -1,073 -15%
MWNA
33
Marshall Wace North America
New York
$1.8M +$1.35M +4,454 +320%
EU
34
Emory University
Georgia
$1.79M – – –
GC
35
Guggenheim Capital
Illinois
$1.46M +$551K +1,822 +62%
Wells Fargo
36
Wells Fargo
California
$1.3M +$255K +842 +25%
Deutsche Bank
37
Deutsche Bank
Germany
$1.25M +$682K +2,253 +125%
CS
38
Credit Suisse
Switzerland
$956K +$28.5K +94 +3%
VanEck Associates
39
VanEck Associates
New York
$933K -$168K -554 -15%
RJA
40
Raymond James & Associates
Florida
$714K -$245K -809 -26%
AIA
41
Arrow Investment Advisors
Maryland
$702K +$3.94K +13 +0.6%
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$681K -$103K -341 -13%
PM
43
Penbrook Management
New York
$646K +$636K +2,100 New
AA
44
AQR Arbitrage
Connecticut
$636K – – –
IFAM
45
Institutional & Family Asset Management
Colorado
$317K – – –
Stifel Financial
46
Stifel Financial
Missouri
$310K -$49K -162 -14%
SGCA
47
Steel Grove Capital Advisors
Tennessee
$299K -$34.5K -114 -11%
Barclays
48
Barclays
United Kingdom
$298K -$41.8K -138 -12%
Citadel Advisors
49
Citadel Advisors
Florida
$240K +$236K +779 New
RJFSA
50
Raymond James Financial Services Advisors
Florida
$211K +$208K +687 New
1
2
3 4

SMC Hedge Fund Activity: Q4 2017 in Review

72 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q4 2017, worth a combined $740M — up 1.8% from $727M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new SMC positions and 9 closed out — a net gain of 9 holders — while 24 added to existing stakes and 22 trimmed.

The largest buyer was Blackstone Inc, opening a new position worth an estimated $61.3M. The largest seller was CIBC Private Wealth Group, cutting an estimated $9.21M.

  • 72 institutional investors held Summit Midstream (SMC) as of Q4 2017, up from 64 in Q3 2017.
  • Funds reported $740M of Summit Midstream stock for Q4 2017, up 1.8% quarter-over-quarter.
  • 18 funds opened new Summit Midstream positions in Q4 2017 and 9 closed out, a net change of +9 holders.
  • The largest Summit Midstream buyer in Q4 2017 was Blackstone Inc, an estimated $61.3M added.
  • The largest Summit Midstream seller in Q4 2017 was CIBC Private Wealth Group, an estimated $9.21M sold.

Based on aggregated 13F filings for Q4 2017.