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SMC

Summit Midstream
SMC

32 hedge funds and large institutions have $27.6M invested in Summit Midstream in 2020 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more capital invested

Capital invested by funds: $15.5M → $27.6M (+$12.1M)

40% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 5

0% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 11

3% less funds holding

Funds holding: 33 → 32 (-1)

Holders
32
Holders Change
-1
Holders Change %
-3.03%
% of All Funds
0.57%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
7
Reduced
5
Closed
11
Calls
$9K
Puts
–
Net Calls
+$9K
Net Calls Change
-$11K

Top Buyers

1
AM
Ares Management
California
+$4.02M
2
GC
Guggenheim Capital
Illinois
+$1.8M
3
CC
Clearline Capital
New York
+$1.59M
4
NI
NYL Investors
New York
+$976K
5
B
Barings
North Carolina
+$758K

Top Sellers

1
KACA
Kayne Anderson Capital Advisors
California
-$1.38M
2
Wells Fargo
Wells Fargo
California
-$480K
3
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
-$109K
4
California Public Employees Retirement System
California Public Employees Retirement System
California
-$89K
5
Invesco
Invesco
Georgia
-$60.4K
Name Holding Trade Value Shares
Change 		Change in
Stake
TRCT
26
Tower Research Capital (TRC)
New York
$1K +$773 +60 New
GI
27
Gradient Investments
Minnesota
$1K +$26.1K +2,029 +1,399%
FCH
28
Freestone Capital Holdings
Washington
$500 – – –
WFI
29
West Family Investments
California
$280 – – –
Wells Fargo
30
Wells Fargo
California
– -$480K -37,272 -100%
State of New Jersey Common Pension Fund D
31
State of New Jersey Common Pension Fund D
New Jersey
– -$109K -11,080 Closed
California Public Employees Retirement System
32
California Public Employees Retirement System
California
– -$89K -9,020 Closed
SCM
33
Southport Capital Management
Tennessee
– -$26K -2,667 Closed
CA
34
Cetera Advisors
Colorado
– -$16K -1,678 Closed
PP
35
Prudential plc
United Kingdom
– -$16K -1,667 Closed
SBIA
36
Sheaff Brock Investment Advisors
Indiana
– -$13K -1,333 Closed
Goldman Sachs
37
Goldman Sachs
New York
– -$10K -1,013 Closed
PAM
38
Peak Asset Management
Colorado
– -$7K -667 Closed
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
– -$3K -275 Closed
VI
40
Vestcor Inc
New Brunswick, Canada
– -$2K -254 Closed
Group One Trading
41
Group One Trading
Illinois
– +$90 +7 New
1
2

SMC Hedge Fund Activity: Q4 2020 in Review

32 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q4 2020, worth a combined $27.6M — up 78% from $15.5M a quarter earlier.

Fund positioning in SMC was balanced in Q4 2020: 11 funds opened new positions, 11 closed out, 7 added to existing stakes and 5 trimmed.

The largest buyer was Ares Management, opening a new position worth an estimated $4.02M. The largest seller was Kayne Anderson Capital Advisors, cutting an estimated $1.38M.

  • 32 institutional investors held Summit Midstream (SMC) as of Q4 2020, down from 33 in Q3 2020.
  • Funds reported $27.6M of Summit Midstream stock for Q4 2020, up 78% quarter-over-quarter.
  • 11 funds opened new Summit Midstream positions in Q4 2020 and 11 closed out, a net change of 0 holders.
  • The largest Summit Midstream buyer in Q4 2020 was Ares Management, an estimated $4.02M added.
  • The largest Summit Midstream seller in Q4 2020 was Kayne Anderson Capital Advisors, an estimated $1.38M sold.

Based on aggregated 13F filings for Q4 2020.