Summit Midstream
SMC
31 hedge funds and large institutions have $62.5M invested in Summit Midstream in 2023 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 2 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
3% more funds holding
Funds holding: 30 → 31 (+1)
15% less capital invested
Capital invested by funds: $73.3M → $62.5M (-$10.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$386K |
| 2 |
VFA
Valeo Financial Advisors
Carmel,
Indiana
|
+$219K |
| 3 |
Jane Street
New York
|
+$197K |
| 4 |
FPCG
Forum Private Client Group
Fishers,
Indiana
|
+$179K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$75.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
-$517K |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$279K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$223K |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
-$81.8K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$53.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Morgan Stanley
New York
| $81K | -$4.74K | -327 | -5% |
|
27
Osaic Holdings
Scottsdale,
Arizona
| $77.7K | +$49.3K | +3,401 | +154% |
|
28
Acadian Asset Management
Boston,
Massachusetts
| $26K | -$5.6K | -386 | -17% |
|
|
GWSG
29
GPS Wealth Strategies Group
Centennial,
Colorado
| $9K | – | – | – |
|
|
CAS
30
Coppell Advisory Solutions
Coppell,
Texas
| $400 | +$188 | +13 | +118% |
|
|
CFB
31
Cullen/Frost Bankers
San Antonio,
Texas
| $69 | – | – | – |
|
|
32
Citadel Advisors
Miami,
Florida
| – | -$279K | -17,153 | Closed |
|
33
Simplex Trading
Chicago,
Illinois
| – | -$7K | -468 | Closed |
|
SMC Hedge Fund Activity: Q3 2023 in Review
31 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q3 2023, worth a combined $62.5M — down 15% from $73.3M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new SMC positions and 2 closed out — a net gain of 1 holder — while 9 added to existing stakes and 7 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $386K. The largest seller was Barclays, cutting an estimated $517K.
- 31 institutional investors held Summit Midstream (SMC) as of Q3 2023, up from 30 in Q2 2023.
- Funds reported $62.5M of Summit Midstream stock for Q3 2023, down 15% quarter-over-quarter.
- 3 funds opened new Summit Midstream positions in Q3 2023 and 2 closed out, a net change of +1 holder.
- The largest Summit Midstream buyer in Q3 2023 was JP Morgan Chase, an estimated $386K added.
- The largest Summit Midstream seller in Q3 2023 was Barclays, an estimated $517K sold.
Based on aggregated 13F filings for Q3 2023.