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SMC

Summit Midstream
SMC

53 hedge funds and large institutions have $118M invested in Summit Midstream in 2019 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 10 increasing their positions, 20 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 53 → 53 (0)

0% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 12

37% less capital invested

Capital invested by funds: $188M → $118M (-$69.4M)

50% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 20

78% less call options, than puts

Call options by funds: $102K | Put options by funds: $454K

Holders
53
Holders Change
–
Holders Change %
0%
% of All Funds
1.16%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
10
Reduced
20
Closed
12
Calls
$102K
Puts
$454K
Net Calls
-$352K
Net Calls Change
+$713K

Top Buyers

1
TCA
Tortoise Capital Advisors
Kansas
+$9.17M
2
Bank of America
Bank of America
North Carolina
+$1.23M
3
Creative Planning
Creative Planning
Kansas
+$519K
4
Cohen & Steers
Cohen & Steers
New York
+$206K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$148K

Top Sellers

1
BC
Brookfield Corp
Ontario, Canada
-$26.3M
2
AR
Advisory Research
Illinois
-$11.1M
3
JP Morgan Chase
JP Morgan Chase
New York
-$1.88M
4
Goldman Sachs
Goldman Sachs
New York
-$624K
5
ECM
Evergreen Capital Management
Washington
-$592K
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
26
AQR Arbitrage
Connecticut
$175K – – –
AAM
27
Advisors Asset Management
Colorado
$151K -$6.89K -75 -3%
PAG
28
Private Advisor Group
New Jersey
$149K +$87.3K +950 +88%
CS
29
Credit Suisse
Switzerland
$147K -$195K -2,123 -51%
BNP Paribas Financial Markets
30
BNP Paribas Financial Markets
France
$112K -$42.1K -458 -23%
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$112K -$1.38K -15 -1%
PAM
32
Peak Asset Management
Colorado
$100K +$126K +1,367 New
Sumitomo Mitsui Trust Group
33
Sumitomo Mitsui Trust Group
Japan
$97K +$122K +1,333 New
VF
34
Virtu Financial
New York
$96K +$121K +1,313 New
SBIA
35
Sheaff Brock Investment Advisors
Indiana
$83K +$104K +1,133 New
Teacher Retirement System of Texas
36
Teacher Retirement System of Texas
Texas
$83K +$105K +1,142 New
Citadel Advisors
37
Citadel Advisors
Florida
$78K +$33.3K +362 +51%
LTFS
38
Ladenburg Thalmann Financial Services
Florida
$72K – – –
Wolverine Trading
39
Wolverine Trading
Illinois
$65K +$78K +849 New
Rafferty Asset Management
40
Rafferty Asset Management
New York
$60K -$110K -1,192 -59%
AA
41
ALPS Advisors
Colorado
$55K +$1.1K +12 +2%
RJA
42
Raymond James & Associates
Florida
$49K -$45.9K -500 -43%
Barclays
43
Barclays
United Kingdom
$40K -$36K -392 -41%
FSC
44
Full Sail Capital
Oklahoma
$39K +$61.3K +667 New
WEC
45
Winslow Evans & Crocker
Massachusetts
$30K – – –
MWNA
46
Marshall Wace North America
New York
$22K +$27.7K +302 New
TRCT
47
Tower Research Capital (TRC)
New York
$21K +$26.1K +284 New
GI
48
Gradient Investments
Minnesota
$11K – – –
US Bancorp
49
US Bancorp
Minnesota
$9K – – –
Group One Trading
50
Group One Trading
Illinois
$7K +$8.27K +90 New
1
2
3

SMC Hedge Fund Activity: Q3 2019 in Review

53 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q3 2019, worth a combined $118M — down 37% from $188M a quarter earlier.

Fund positioning in SMC was balanced in Q3 2019: 12 funds opened new positions, 12 closed out, 10 added to existing stakes and 20 trimmed.

The largest buyer was Tortoise Capital Advisors, opening a new position worth an estimated $9.17M. The largest seller was Brookfield Corp, exiting entirely with an estimated $26.3M sold.

  • 53 institutional investors held Summit Midstream (SMC) as of Q3 2019, unchanged from Q2 2019.
  • Funds reported $118M of Summit Midstream stock for Q3 2019, down 37% quarter-over-quarter.
  • 12 funds opened new Summit Midstream positions in Q3 2019 and 12 closed out, a net change of 0 holders.
  • The largest Summit Midstream buyer in Q3 2019 was Tortoise Capital Advisors, an estimated $9.17M added.
  • The largest Summit Midstream seller in Q3 2019 was Brookfield Corp, an estimated $26.3M sold.

Based on aggregated 13F filings for Q3 2019.