Summit Midstream
SMC
30 hedge funds and large institutions have $80.1M invested in Summit Midstream in 2023 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 8 reducing their positions, and 5 closing their positions.
28% more capital invested
Capital invested by funds: $62.5M → $80.1M (+$17.6M)
3% less funds holding
Funds holding: 31 → 30 (-1)
13% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 8
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| 1 |
JP Morgan Chase
New York
|
+$950K |
| 2 |
Morgan Stanley
New York
|
+$502K |
| 3 |
AM
Ares Management
Los Angeles,
California
|
+$467K |
| 4 |
Goldman Sachs
New York
|
+$435K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$315K |
Top Sellers
| 1 |
CU
CQS (US)
New York
|
-$1.6M |
| 2 |
Nomura Asset Management
Tokyo,
Japan
|
-$422K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$391K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$306K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
-$212K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TVAMP
26
Tennessee Valley Asset Management Partners
Knoxville,
Tennessee
| $17.9K | +$18.7K | +1,000 | New |
|
27
Simplex Trading
Chicago,
Illinois
| $13K | +$13.6K | +727 | New |
|
|
GWSG
28
GPS Wealth Strategies Group
Centennial,
Colorado
| $11.6K | – | – | – |
|
29
Osaic Holdings
Scottsdale,
Arizona
| $2.11K | -$103K | -5,494 | -98% |
|
|
CAS
30
Coppell Advisory Solutions
Coppell,
Texas
| $197 | -$243 | -13 | -54% |
|
|
31
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$306K | -16,373 | Closed |
|
32
Jane Street
New York
| – | -$188K | -13,600 | Closed |
|
|
FPCG
33
Forum Private Client Group
Fishers,
Indiana
| – | -$171K | -12,350 | Closed |
|
|
PL
34
Protective Life
Birmingham,
Alabama
| – | -$171K | -12,350 | Closed |
|
|
CFB
35
Cullen/Frost Bankers
San Antonio,
Texas
| – | -$69 | -5 | Closed |
|
SMC Hedge Fund Activity: Q4 2023 in Review
30 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q4 2023, worth a combined $80.1M — up 28% from $62.5M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SMC and 4 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 7 added.
The largest buyer was JP Morgan Chase, adding an estimated $950K. The largest seller was CQS (US), cutting an estimated $1.6M.
- 30 institutional investors held Summit Midstream (SMC) as of Q4 2023, down from 31 in Q3 2023.
- Funds reported $80.1M of Summit Midstream stock for Q4 2023, up 28% quarter-over-quarter.
- 4 funds opened new Summit Midstream positions in Q4 2023 and 5 closed out, a net change of -1 holder.
- The largest Summit Midstream buyer in Q4 2023 was JP Morgan Chase, an estimated $950K added.
- The largest Summit Midstream seller in Q4 2023 was CQS (US), an estimated $1.6M sold.
Based on aggregated 13F filings for Q4 2023.