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SMC

Summit Midstream
SMC

65 hedge funds and large institutions have $706M invested in Summit Midstream in 2016 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 26 increasing their positions, 12 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

650% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 2

211% more call options, than puts

Call options by funds: $12.2M | Put options by funds: $3.93M

117% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 12

20% more funds holding

Funds holding: 54 → 65 (+11)

19% more capital invested

Capital invested by funds: $595M → $706M (+$111M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
65
Holders Change
+11
Holders Change %
+20.37%
% of All Funds
1.73%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
15
Increased
26
Reduced
12
Closed
2
Calls
$12.2M
Puts
$3.93M
Net Calls
+$8.29M
Net Calls Change
+$7.4M

Top Buyers

1
O
OppenheimerFunds
New York
+$41.4M
2
Goldman Sachs
Goldman Sachs
New York
+$37.1M
3
KACA
Kayne Anderson Capital Advisors
California
+$14.5M
4
OA
Oxbow Advisors
Texas
+$8.71M
5
Citigroup
Citigroup
New York
+$4.07M

Top Sellers

1
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$8.17M
2
ECM
Evergreen Capital Management
Washington
-$6.22M
3
Deutsche Bank
Deutsche Bank
Germany
-$3.13M
4
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
-$2.28M
5
AR
Advisory Research
Illinois
-$1.49M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
51
Citadel Advisors
Florida
$235K +$236K +682 New
RJFSA
52
Raymond James Financial Services Advisors
Florida
$229K – – –
WS
53
Wedbush Securities
California
$229K +$231K +667 New
MFW
54
Mosaic Family Wealth
Missouri
$149K +$79.2K +229 +112%
SAM
55
Solaris Asset Management
New York
$91K +$69.1K +200 +308%
CPIG
56
Chicago Partners Investment Group
Illinois
$70K – – –
Toronto Dominion Bank
57
Toronto Dominion Bank
Ontario, Canada
$67K – – –
Manulife (Manufacturers Life Insurance)
58
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$45K +$13.1K +38 +41%
TRCT
59
Tower Research Capital (TRC)
New York
$41K +$41.1K +119 New
Simplex Trading
60
Simplex Trading
Illinois
$35K +$35.6K +103 New
LTFS
61
Ladenburg Thalmann Financial Services
Florida
$28K +$346 +1 +1%
AIM
62
Acrospire Investment Management
Illinois
$27K +$27.3K +79 New
Group One Trading
63
Group One Trading
Illinois
$25K -$60.2K -174 -70%
PCM
64
Penserra Capital Management
California
$9K +$3.46K +10 +53%
MWP
65
MYCIO Wealth Partners
Pennsylvania
$7K – – –
LMGAM
66
Liberty Mutual Group Asset Management
Massachusetts
– -$330K -963 Closed
KA
67
Klingman & Associates
New York
– -$91K -267 Closed
1 2
3

SMC Hedge Fund Activity: Q3 2016 in Review

65 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q3 2016, worth a combined $706M — up 19% from $595M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new SMC positions and 2 closed out — a net gain of 13 holders — while 26 added to existing stakes and 12 trimmed.

The largest buyer was OppenheimerFunds, adding an estimated $41.4M. The largest seller was CIBC Private Wealth Group, cutting an estimated $8.17M.

  • 65 institutional investors held Summit Midstream (SMC) as of Q3 2016, up from 54 in Q2 2016.
  • Funds reported $706M of Summit Midstream stock for Q3 2016, up 19% quarter-over-quarter.
  • 15 funds opened new Summit Midstream positions in Q3 2016 and 2 closed out, a net change of +13 holders.
  • The largest Summit Midstream buyer in Q3 2016 was OppenheimerFunds, an estimated $41.4M added.
  • The largest Summit Midstream seller in Q3 2016 was CIBC Private Wealth Group, an estimated $8.17M sold.

Based on aggregated 13F filings for Q3 2016.