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SMC

Summit Midstream
SMC

53 hedge funds and large institutions have $188M invested in Summit Midstream in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 20 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% less funds holding

Funds holding: 65 → 53 (-12)

20% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 20

31% less capital invested

Capital invested by funds: $271M → $188M (-$82.8M)

65% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 17

87% less call options, than puts

Call options by funds: $161K | Put options by funds: $1.23M

Holders
53
Holders Change
-12
Holders Change %
-18.46%
% of All Funds
1.15%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
16
Reduced
20
Closed
17
Calls
$161K
Puts
$1.23M
Net Calls
-$1.06M
Net Calls Change
-$467K

Top Buyers

1
Invesco
Invesco
Georgia
+$113M
2
BC
Brookfield Corp
Ontario, Canada
+$3.49M
3
JP Morgan Chase
JP Morgan Chase
New York
+$2.06M
4
Bank of America
Bank of America
North Carolina
+$1.3M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$972K

Top Sellers

1
KACA
Kayne Anderson Capital Advisors
California
-$8.8M
2
Goldman Sachs
Goldman Sachs
New York
-$7.18M
3
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
-$6.73M
4
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$4.87M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$2.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
CS
26
Credit Suisse
Switzerland
$462K +$193K +1,587 +62%
CIMLRA
27
CBRE Investment Management Listed Real Assets
Pennsylvania
$414K -$123K -1,006 -21%
Susquehanna International Group
28
Susquehanna International Group
Pennsylvania
$408K +$57K +468 +15%
FWIA
29
Fort Washington Investment Advisors
Ohio
$403K -$1.02M -8,333 -70%
AIA
30
Arrow Investment Advisors
Maryland
$310K -$9.38K -77 -3%
AA
31
AQR Arbitrage
Connecticut
$268K +$10.6K +87 +4%
Simplex Trading
32
Simplex Trading
Illinois
$246K +$270K +2,213 New
AAM
33
Advisors Asset Management
Colorado
$240K -$13.6K -112 -5%
Rafferty Asset Management
34
Rafferty Asset Management
New York
$225K -$1.05M -8,611 -81%
BNP Paribas Financial Markets
35
BNP Paribas Financial Markets
France
$223K +$80.2K +658 +49%
SFI
36
Susquehanna Fundamental Investments
Pennsylvania
$222K +$243K +1,993 New
Royal Bank of Canada
37
Royal Bank of Canada
Ontario, Canada
$173K -$19.3K -158 -9%
PWPCM
38
Perella Weinberg Partners Capital Management
New York
$145K +$158K +1,299 New
RJA
39
Raymond James & Associates
Florida
$131K -$9.26K -76 -6%
PAG
40
Private Advisor Group
New Jersey
$120K +$131K +1,076 New
LTFS
41
Ladenburg Thalmann Financial Services
Florida
$110K – – –
Barclays
42
Barclays
United Kingdom
$105K +$35.2K +289 +44%
AA
43
ALPS Advisors
Colorado
$83K +$3.29K +27 +4%
Citadel Advisors
44
Citadel Advisors
Florida
$79K -$88.2K -724 -51%
SBIA
45
Sheaff Brock Investment Advisors
Indiana
$78K – – –
Russell Investments Group
46
Russell Investments Group
United Kingdom
$66K -$243K -1,994 -77%
PI
47
PEAK6 Investments
Illinois
$65K +$71K +583 New
WEC
48
Winslow Evans & Crocker
Massachusetts
$46K – – –
CH
49
Canton Hathaway
Rhode Island
$22K – – –
GI
50
Gradient Investments
Minnesota
$16K -$17.7K -145 -50%
1
2
3

SMC Hedge Fund Activity: Q2 2019 in Review

53 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q2 2019, worth a combined $188M — down 31% from $271M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of SMC and 6 opened new positions — a net loss of 11 holders — while 20 trimmed existing stakes and 16 added.

The largest buyer was Invesco, opening a new position worth an estimated $113M. The largest seller was Kayne Anderson Capital Advisors, exiting entirely with an estimated $8.8M sold.

  • 53 institutional investors held Summit Midstream (SMC) as of Q2 2019, down from 65 in Q1 2019.
  • Funds reported $188M of Summit Midstream stock for Q2 2019, down 31% quarter-over-quarter.
  • 6 funds opened new Summit Midstream positions in Q2 2019 and 17 closed out, a net change of -11 holders.
  • The largest Summit Midstream buyer in Q2 2019 was Invesco, an estimated $113M added.
  • The largest Summit Midstream seller in Q2 2019 was Kayne Anderson Capital Advisors, an estimated $8.8M sold.

Based on aggregated 13F filings for Q2 2019.