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SMC

Summit Midstream
SMC

70 hedge funds and large institutions have $454M invested in Summit Midstream in 2018 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 21 increasing their positions, 23 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 12

9% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 23

3% less funds holding

Funds holding: 72 → 70 (-2)

39% less capital invested

Capital invested by funds: $740M → $454M (-$286M)

99% less call options, than puts

Call options by funds: $29K | Put options by funds: $2.33M

Holders
70
Holders Change
-2
Holders Change %
-2.78%
% of All Funds
1.6%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
12
Increased
21
Reduced
23
Closed
12
Calls
$29K
Puts
$2.33M
Net Calls
-$2.3M
Net Calls Change
-$2.37M

Top Buyers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$9.51M
2
PWPCM
Perella Weinberg Partners Capital Management
New York
+$6.98M
3
GC
Guggenheim Capital
Illinois
+$3.91M
4
O
OppenheimerFunds
New York
+$3.2M
5
WHG
Westwood Holdings Group
Texas
+$2.48M

Top Sellers

1
Blackstone Inc
Blackstone Inc
New York
-$62.2M
2
AR
Advisory Research
Illinois
-$29.2M
3
KACA
Kayne Anderson Capital Advisors
California
-$10.8M
4
First Trust Advisors
First Trust Advisors
Illinois
-$8.51M
5
Goldman Sachs
Goldman Sachs
New York
-$5.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
MLICM
26
Metropolitan Life Insurance Company (MetLife)
New York
$1.81M – – –
TFCP
27
Twin Focus Capital Partners
Massachusetts
$1.69M +$2.28M +8,000 New
Rafferty Asset Management
28
Rafferty Asset Management
New York
$1.52M -$148K -518 -7%
EM
29
ELCO Management
New York
$1.32M -$75.9K -266 -4%
BI
30
Bramshill Investments
Florida
$1.28M -$157K -552 -8%
EU
31
Emory University
Georgia
$1.23M – – –
Deutsche Bank
32
Deutsche Bank
Germany
$1.16M +$419K +1,468 +36%
WFI
33
West Family Investments
California
$1.16M +$1.57M +5,518 New
Wells Fargo
34
Wells Fargo
California
$1.15M +$359K +1,257 +30%
Citadel Advisors
35
Citadel Advisors
Florida
$1.14M +$1.32M +4,614 +592%
CIMLRA
36
CBRE Investment Management Listed Real Assets
Pennsylvania
$843K +$1.14M +4,000 New
VanEck Associates
37
VanEck Associates
New York
$724K +$114K +400 +13%
Stifel Financial
38
Stifel Financial
Missouri
$559K +$471K +1,650 +163%
RJA
39
Raymond James & Associates
Florida
$551K +$83K +291 +13%
Susquehanna International Group
40
Susquehanna International Group
Pennsylvania
$513K +$695K +2,435 New
MWNA
41
Marshall Wace North America
New York
$505K -$984K -3,450 -59%
AIA
42
Arrow Investment Advisors
Maryland
$455K -$35.4K -124 -5%
AA
43
AQR Arbitrage
Connecticut
$451K +$20.8K +73 +4%
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$419K -$64.5K -226 -10%
PM
45
Penbrook Management
New York
$402K -$55.1K -193 -9%
Neuberger Berman Group
46
Neuberger Berman Group
New York
$323K -$1.26M -4,421 -74%
AAM
47
Advisors Asset Management
Colorado
$268K +$123K +432 +69%
CS
48
Credit Suisse
Switzerland
$240K -$563K -1,972 -63%
VF
49
Virtu Financial
New York
$215K +$290K +1,018 New
PG
50
PEAK6 Group
Illinois
$213K +$289K +1,012 New
1
2
3 4

SMC Hedge Fund Activity: Q1 2018 in Review

70 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q1 2018, worth a combined $454M — down 39% from $740M a quarter earlier.

Fund positioning in SMC was balanced in Q1 2018: 12 funds opened new positions, 12 closed out, 21 added to existing stakes and 23 trimmed.

The largest buyer was T. Rowe Price Associates, opening a new position worth an estimated $9.51M. The largest seller was Blackstone Inc, exiting entirely with an estimated $62.2M sold.

  • 70 institutional investors held Summit Midstream (SMC) as of Q1 2018, down from 72 in Q4 2017.
  • Funds reported $454M of Summit Midstream stock for Q1 2018, down 39% quarter-over-quarter.
  • 12 funds opened new Summit Midstream positions in Q1 2018 and 12 closed out, a net change of 0 holders.
  • The largest Summit Midstream buyer in Q1 2018 was T. Rowe Price Associates, an estimated $9.51M added.
  • The largest Summit Midstream seller in Q1 2018 was Blackstone Inc, an estimated $62.2M sold.

Based on aggregated 13F filings for Q1 2018.