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SMC

Summit Midstream
SMC

54 hedge funds and large institutions have $595M invested in Summit Midstream in 2016 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 17 increasing their positions, 20 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

264% more call options, than puts

Call options by funds: $1.23M | Put options by funds: $337K

27% more capital invested

Capital invested by funds: $467M → $595M (+$128M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

11% less funds holding

Funds holding: 61 → 54 (-7)

15% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 20

64% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 11

Holders
54
Holders Change
-7
Holders Change %
-11.48%
% of All Funds
1.44%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
4
Increased
17
Reduced
20
Closed
11
Calls
$1.23M
Puts
$337K
Net Calls
+$890K
Net Calls Change
-$540K

Top Buyers

1
O
OppenheimerFunds
New York
+$20.5M
2
HFA
Harvest Fund Advisors
Pennsylvania
+$2.42M
3
HCM
HMI Capital Management
California
+$1.66M
4
AR
Advisory Research
Illinois
+$1.51M
5
Deutsche Bank
Deutsche Bank
Germany
+$1.09M

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$11.9M
2
KACA
Kayne Anderson Capital Advisors
California
-$10.4M
3
GC
Guggenheim Capital
Illinois
-$7.75M
4
CCCA
Center Coast Capital Advisors
Texas
-$4.75M
5
Goldman Sachs
Goldman Sachs
New York
-$4.53M
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
51
Ladenburg Thalmann Financial Services
Florida
$27K +$623 +2 +3%
SAM
52
Solaris Asset Management
New York
$22K +$20.2K +65 New
MWP
53
MYCIO Wealth Partners
Pennsylvania
$7K – – –
PCM
54
Penserra Capital Management
California
$6K – – –
IG
55
ING Group
Netherlands
– -$4.01M -15,760 Closed
GCP
56
GSA Capital Partners
United Kingdom
– -$869K -3,413 Closed
State Street
57
State Street
Massachusetts
– -$534K -2,094 Closed
UR
58
USCA RIA
Texas
– -$310K -1,218 Closed
Creative Planning
59
Creative Planning
Kansas
– -$170K -667 Closed
AIM
60
Acrospire Investment Management
Illinois
– -$88K -346 Closed
Walleye Trading
61
Walleye Trading
New York
– -$20K -80 Closed
IIM
62
Ipswich Investment Management
Massachusetts
– -$23K -73 Closed
SMG
63
Spectrum Management Group
Indiana
– -$16K -63 Closed
QT
64
Quantbot Technologies
New York
– -$10K -40 Closed
PNC Financial Services Group
65
PNC Financial Services Group
Pennsylvania
– -$4K -17 Closed
1 2
3

SMC Hedge Fund Activity: Q2 2016 in Review

54 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q2 2016, worth a combined $595M — up 27% from $467M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of SMC and 4 opened new positions — a net loss of 7 holders — while 20 trimmed existing stakes and 17 added.

The largest buyer was OppenheimerFunds, adding an estimated $20.5M. The largest seller was UBS Group, cutting an estimated $11.9M.

  • 54 institutional investors held Summit Midstream (SMC) as of Q2 2016, down from 61 in Q1 2016.
  • Funds reported $595M of Summit Midstream stock for Q2 2016, up 27% quarter-over-quarter.
  • 4 funds opened new Summit Midstream positions in Q2 2016 and 11 closed out, a net change of -7 holders.
  • The largest Summit Midstream buyer in Q2 2016 was OppenheimerFunds, an estimated $20.5M added.
  • The largest Summit Midstream seller in Q2 2016 was UBS Group, an estimated $11.9M sold.

Based on aggregated 13F filings for Q2 2016.