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SMC

Summit Midstream
SMC

66 hedge funds and large institutions have $977M invested in Summit Midstream in 2014 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 30 increasing their positions, 8 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 5

275% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 8

95% more capital invested

Capital invested by funds: $501M → $977M (+$476M)

43% more funds holding

Funds holding: 46 → 66 (+20)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

69% less call options, than puts

Call options by funds: $150K | Put options by funds: $485K

Holders
66
Holders Change
+20
Holders Change %
+43.48%
% of All Funds
1.91%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
25
Increased
30
Reduced
8
Closed
5
Calls
$150K
Puts
$485K
Net Calls
-$335K
Net Calls Change
-$449K

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$94.4M
2
Neuberger Berman Group
Neuberger Berman Group
New York
+$48.1M
3
SCA
Salient Capital Advisors
Texas
+$47M
4
KACA
Kayne Anderson Capital Advisors
California
+$43.4M
5
O
OppenheimerFunds
New York
+$15M

Top Sellers

1
Invesco
Invesco
Georgia
-$7.33M
2
ECM
Evergreen Capital Management
Washington
-$3.45M
3
HFA
Harvest Fund Advisors
Pennsylvania
-$2.33M
4
SC
Savitr Capital
California
-$1.5M
5
ClearBridge Investments
ClearBridge Investments
New York
-$352K
Name Holding Trade Value Shares
Change 		Change in
Stake
Alyeska Investment Group
51
Alyeska Investment Group
Illinois
$421K +$385K +655 New
VKH
52
Virtu KCG Holdings
New York
$345K +$315K +535 New
ACI
53
AMP Capital Investors
Australia
$273K +$254K +431 New
SIC
54
Salem Investment Counselors
North Carolina
$257K – – –
WA
55
Whitebox Advisors
Minnesota
$257K +$235K +400 New
Wells Fargo
56
Wells Fargo
California
$228K +$201K +342 +2,631%
Susquehanna International Group
57
Susquehanna International Group
Pennsylvania
$217K +$198K +336 New
AQR Capital Management
58
AQR Capital Management
Connecticut
$215K +$196K +333 New
LFR
59
Lehman Financial Resources
Pennsylvania
$154K +$27.6K +47 +24%
SAM
60
Solaris Asset Management
New York
$105K +$52.9K +90 +123%
ST
61
Spot Trading
Illinois
$95K +$87.1K +148 New
Group One Trading
62
Group One Trading
Illinois
$79K -$4.12K -7 -5%
QT
63
Quantbot Technologies
New York
$47K +$42.9K +73 New
Creative Planning
64
Creative Planning
Kansas
$9K +$7.65K +13 New
AIG
65
American International Group
New York
$4.29K – – –
Manulife (Manufacturers Life Insurance)
66
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$40 +$1.18K +2 +3%
Invesco
67
Invesco
Georgia
– -$7.33M -13,333 Closed
ECM
68
Evergreen Capital Management
Washington
– -$3.45M -6,275 Closed
Citigroup
69
Citigroup
New York
– -$38K -68 Closed
SSG
70
Summit Securities Group
New York
– -$4K -7 Closed
TRCT
71
Tower Research Capital (TRC)
New York
– -$4K -7 Closed
1 2
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SMC Hedge Fund Activity: Q1 2014 in Review

66 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q1 2014, worth a combined $977M — up 95% from $501M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new SMC positions and 5 closed out — a net gain of 20 holders — while 30 added to existing stakes and 8 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $94.4M. The largest seller was Invesco, exiting entirely with an estimated $7.33M sold.

  • 66 institutional investors held Summit Midstream (SMC) as of Q1 2014, up from 46 in Q4 2013.
  • Funds reported $977M of Summit Midstream stock for Q1 2014, up 95% quarter-over-quarter.
  • 25 funds opened new Summit Midstream positions in Q1 2014 and 5 closed out, a net change of +20 holders.
  • The largest Summit Midstream buyer in Q1 2014 was Goldman Sachs, an estimated $94.4M added.
  • The largest Summit Midstream seller in Q1 2014 was Invesco, an estimated $7.33M sold.

Based on aggregated 13F filings for Q1 2014.