Summit Midstream
SMC
34 hedge funds and large institutions have $128M invested in Summit Midstream in 2024 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 4 increasing their positions, 13 reducing their positions, and 9 closing their positions.
862% more call options, than puts
Call options by funds: $1.15M | Put options by funds: $119K
34.34% more ownership
Funds ownership: 0% → 34.34% (+34%)
6% more capital invested
Capital invested by funds: $121M → $128M (+$6.86M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 35 → 34 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
69% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$16.4M |
| 2 |
BlackRock
New York
|
+$4.8M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$3.41M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.84M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$678K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$6.33M |
| 2 |
Morgan Stanley
New York
|
-$3.02M |
| 3 |
AM
Ares Management
Los Angeles,
California
|
-$2.53M |
| 4 |
SCM
Shenkman Capital Management
New York
|
-$1.95M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.55M |
SMC Hedge Fund Activity: Q3 2024 in Review
34 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q3 2024, worth a combined $128M — up 5.7% from $121M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of SMC and 8 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 4 added.
The largest buyer was Vanguard Group, opening a new position worth an estimated $16.4M. The largest seller was JP Morgan Chase, exiting entirely with an estimated $6.33M sold.
- 34 institutional investors held Summit Midstream (SMC) as of Q3 2024, down from 35 in Q2 2024.
- Funds reported $128M of Summit Midstream stock for Q3 2024, up 5.7% quarter-over-quarter.
- 8 funds opened new Summit Midstream positions in Q3 2024 and 9 closed out, a net change of -1 holder.
- The largest Summit Midstream buyer in Q3 2024 was Vanguard Group, an estimated $16.4M added.
- The largest Summit Midstream seller in Q3 2024 was JP Morgan Chase, an estimated $6.33M sold.
Based on aggregated 13F filings for Q3 2024.