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SMC

Summit Midstream
SMC

72 hedge funds and large institutions have $454M invested in Summit Midstream in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 26 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less funds holding

Funds holding: 76 → 72 (-4)

10% less capital invested

Capital invested by funds: $506M → $454M (-$52.8M)

18% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 11

27% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 26

59% less call options, than puts

Call options by funds: $769K | Put options by funds: $1.86M

Holders
72
Holders Change
-4
Holders Change %
-5.26%
% of All Funds
1.65%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
9
Increased
19
Reduced
26
Closed
11
Calls
$769K
Puts
$1.86M
Net Calls
-$1.09M
Net Calls Change
-$530K

Top Buyers

1
O
OppenheimerFunds
New York
+$16.3M
2
Goldman Sachs
Goldman Sachs
New York
+$4.41M
3
Renaissance Technologies
Renaissance Technologies
New York
+$2.54M
4
MIM
MetLife Investment Management
New Jersey
+$2.12M
5
Deutsche Bank
Deutsche Bank
Germany
+$2.03M

Top Sellers

1
HCM
HMI Capital Management
California
-$21.3M
2
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$9.38M
3
HFA
Harvest Fund Advisors
Pennsylvania
-$7.93M
4
Morgan Stanley
Morgan Stanley
New York
-$3.95M
5
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
-$2.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
WFI
26
West Family Investments
California
$1.94M – – –
TFCP
27
Twin Focus Capital Partners
Massachusetts
$1.92M +$238K +967 +12%
Rafferty Asset Management
28
Rafferty Asset Management
New York
$1.84M -$237K -962 -10%
MIM
29
MetLife Investment Management
New Jersey
$1.84M +$2.12M +8,590 New
Citigroup
30
Citigroup
New York
$1.77M -$1.11M -4,489 -35%
CIMLRA
31
CBRE Investment Management Listed Real Assets
Pennsylvania
$1.77M +$412K +1,673 +25%
Wells Fargo
32
Wells Fargo
California
$1.71M +$308K +1,249 +19%
GC
33
Guggenheim Capital
Illinois
$1.69M +$116K +472 +6%
GCP
34
GSA Capital Partners
United Kingdom
$1.66M +$764K +3,102 +67%
Citadel Advisors
35
Citadel Advisors
Florida
$1.62M +$549K +2,228 +42%
EM
36
ELCO Management
New York
$1.48M -$11.1K -45 -0.6%
BI
37
Bramshill Investments
Florida
$1.37M +$167K +677 +12%
EU
38
Emory University
Georgia
$1.25M – – –
IECM
39
Intrinsic Edge Capital Management
Illinois
$1.14M +$1.31M +5,333 New
Jane Street
40
Jane Street
New York
$1.09M +$1.25M +5,086 New
FWIA
41
Fort Washington Investment Advisors
Ohio
$1.04M +$1.19M +4,849 New
VanEck Associates
42
VanEck Associates
New York
$740K – – –
HighTower Advisors
43
HighTower Advisors
Illinois
$542K +$619K +2,513 New
AAM
44
Advisors Asset Management
Colorado
$520K +$51.8K +210 +9%
AA
45
AQR Arbitrage
Connecticut
$496K – – –
Barclays
46
Barclays
United Kingdom
$485K +$38K +154 +7%
AIA
47
Arrow Investment Advisors
Maryland
$453K -$46.1K -187 -8%
TRCT
48
Tower Research Capital (TRC)
New York
$449K +$371K +1,504 +255%
PM
49
Penbrook Management
New York
$382K -$31.3K -127 -7%
Stifel Financial
50
Stifel Financial
Missouri
$334K -$118K -480 -24%
1
2
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SMC Hedge Fund Activity: Q3 2018 in Review

72 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q3 2018, worth a combined $454M — down 10% from $506M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of SMC and 9 opened new positions — a net loss of 2 holders — while 26 trimmed existing stakes and 19 added.

The largest buyer was OppenheimerFunds, adding an estimated $16.3M. The largest seller was HMI Capital Management, cutting an estimated $21.3M.

  • 72 institutional investors held Summit Midstream (SMC) as of Q3 2018, down from 76 in Q2 2018.
  • Funds reported $454M of Summit Midstream stock for Q3 2018, down 10% quarter-over-quarter.
  • 9 funds opened new Summit Midstream positions in Q3 2018 and 11 closed out, a net change of -2 holders.
  • The largest Summit Midstream buyer in Q3 2018 was OppenheimerFunds, an estimated $16.3M added.
  • The largest Summit Midstream seller in Q3 2018 was HMI Capital Management, an estimated $21.3M sold.

Based on aggregated 13F filings for Q3 2018.