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SMC

Summit Midstream

61 hedge funds and large institutions have $467M invested in Summit Midstream in 2016 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 24 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

261% more call options, than puts

Call options by funds: $1.98M | Put options by funds: $548K

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

10% less funds holding

Funds holding: 6861 (-7)

24% less capital invested

Capital invested by funds: $614M → $467M (-$147M)

29% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 24

37% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 19

Holders
61
Holders Change
-7
Holders Change %
-10.29%
% of All Funds
1.63%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
12
Increased
17
Reduced
24
Closed
19
Calls
$1.98M
Puts
$548K
Net Calls
+$1.43M
Net Calls Change
+$6.29M
Name Holding Trade Value Shares
Change
Change in
Stake
MFW
51
Mosaic Family Wealth
Missouri
$51K +$239 +1 +0.5%
Group One Trading
52
Group One Trading
Illinois
$25K -$2.87K -12 -11%
IIM
53
Ipswich Investment Management
Massachusetts
$23K +$17.5K +73 New
Manulife (Manufacturers Life Insurance)
54
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$21K
LTFS
55
Ladenburg Thalmann Financial Services
Florida
$20K +$239 +1 +1%
Walleye Trading
56
Walleye Trading
New York
$20K +$19.2K +80 New
SMG
57
Spectrum Management Group
Indiana
$16K +$718 +3 +5%
QT
58
Quantbot Technologies
New York
$10K +$9.58K +40 New
MWP
59
MYCIO Wealth Partners
Pennsylvania
$5K
PNC Financial Services Group
60
PNC Financial Services Group
Pennsylvania
$4K -$1.04M -4,360 -100%
PCM
61
Penserra Capital Management
California
$4 -$931K -3,890 -100%
HHAM
62
HITE Hedge Asset Management
Massachusetts
-$6.15M -21,885 Closed
CIMLRA
63
CBRE Investment Management Listed Real Assets
Pennsylvania
-$5.22M -18,589 Closed
BC
64
Brookfield Corp
Ontario, Canada
-$3.89M -13,860 Closed
Neuberger Berman Group
65
Neuberger Berman Group
New York
-$3.61M -12,858 Closed
Cohen & Steers
66
Cohen & Steers
New York
-$3.07M -10,924 Closed
PCM
67
Pointe Capital Management
Michigan
-$781K -2,779 Closed
Jane Street
68
Jane Street
New York
-$587K -2,089 Closed
NIM
69
NXG Investment Management
Texas
-$523K -1,860 Closed
Northern Trust
70
Northern Trust
Illinois
-$359K -1,278 Closed
HT
71
HighTower Trust
Texas
-$356K -1,269 Closed
N
72
Nuveen
North Carolina
-$321 -1,142 Closed
EGA
73
Eagle Global Advisors
Texas
-$300K -1,067 Closed
CG
74
Clinton Group
New York
-$278K -991 Closed
VKH
75
Virtu KCG Holdings
New York
-$212K -755 Closed

SMC Hedge Fund Activity: Q1 2016 in Review

61 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q1 2016, worth a combined $467M — down 24% from $614M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of SMC and 12 opened new positions — a net loss of 7 holders — while 24 trimmed existing stakes and 17 added.

The largest buyer was Center Coast Capital Advisors, adding an estimated $13.7M. The largest seller was Salient Capital Advisors, cutting an estimated $53.3M.

  • 61 institutional investors held Summit Midstream (SMC) as of Q1 2016, down from 68 in Q4 2015.
  • Funds reported $467M of Summit Midstream stock for Q1 2016, down 24% quarter-over-quarter.
  • 12 funds opened new Summit Midstream positions in Q1 2016 and 19 closed out, a net change of -7 holders.
  • The largest Summit Midstream buyer in Q1 2016 was Center Coast Capital Advisors, an estimated $13.7M added.
  • The largest Summit Midstream seller in Q1 2016 was Salient Capital Advisors, an estimated $53.3M sold.

Based on aggregated 13F filings for Q1 2016.