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SMC

Summit Midstream
SMC

70 hedge funds and large institutions have $454M invested in Summit Midstream in 2018 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 21 increasing their positions, 23 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 12

9% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 23

3% less funds holding

Funds holding: 72 → 70 (-2)

39% less capital invested

Capital invested by funds: $740M → $454M (-$286M)

99% less call options, than puts

Call options by funds: $29K | Put options by funds: $2.33M

Holders
70
Holders Change
-2
Holders Change %
-2.78%
% of All Funds
1.6%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
12
Increased
21
Reduced
23
Closed
12
Calls
$29K
Puts
$2.33M
Net Calls
-$2.3M
Net Calls Change
-$2.37M

Top Buyers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$9.51M
2
PWPCM
Perella Weinberg Partners Capital Management
New York
+$6.98M
3
GC
Guggenheim Capital
Illinois
+$3.91M
4
O
OppenheimerFunds
New York
+$3.2M
5
WHG
Westwood Holdings Group
Texas
+$2.48M

Top Sellers

1
Blackstone Inc
Blackstone Inc
New York
-$62.2M
2
AR
Advisory Research
Illinois
-$29.2M
3
KACA
Kayne Anderson Capital Advisors
California
-$10.8M
4
First Trust Advisors
First Trust Advisors
Illinois
-$8.51M
5
Goldman Sachs
Goldman Sachs
New York
-$5.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
SGCA
51
Steel Grove Capital Advisors
Tennessee
$205K – – –
Barclays
52
Barclays
United Kingdom
$176K -$37.4K -131 -14%
KI
53
Koch Industries
Kansas
$167K +$226K +791 New
Simplex Trading
54
Simplex Trading
Illinois
$161K +$196K +688 +882%
BNP Paribas Financial Markets
55
BNP Paribas Financial Markets
France
$158K +$67.9K +238 +46%
RJFSA
56
Raymond James Financial Services Advisors
Florida
$145K – – –
TIS
57
Tortoise Index Solutions
Kansas
$89K +$8.84K +31 +8%
EA
58
Edge Advisors
Georgia
$78K – – –
MFW
59
Mosaic Family Wealth
Missouri
$61K – – –
CPIG
60
Chicago Partners Investment Group
Illinois
$43K -$57.9K -203 -50%
Manulife (Manufacturers Life Insurance)
61
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$29K -$7.42K -26 -16%
LTFS
62
Ladenburg Thalmann Financial Services
Florida
$22K – – –
RFC
63
Regions Financial Corp
Alabama
$14K – – –
SMG
64
Spectrum Management Group
Indiana
$14K – – –
MOS
65
MGO One Seven
Ohio
$12K +$285 +1 +2%
MCM
66
Mainstay Capital Management
Michigan
$10K – – –
AG
67
Advisor Group
Arizona
$7K +$1.71K +6 +25%
LF
68
Lee Financial
Texas
$7K +$9.41K +33 New
SEI Investments
69
SEI Investments
Pennsylvania
$5K +$6.56K +23 New
LFA
70
Legacy Financial Advisors
Kentucky
$3K – – –
Blackstone Inc
71
Blackstone Inc
New York
– -$62.2M -202,413 Closed
First Trust Advisors
72
First Trust Advisors
Illinois
– -$8.51M -27,684 Closed
CIM
73
Castleton Investment Management
Connecticut
– -$2.11M -6,867 Closed
Bank of Montreal
74
Bank of Montreal
Ontario, Canada
– -$1.9M -6,167 Closed
IFAM
75
Institutional & Family Asset Management
Colorado
– -$317K -1,030 Closed
1 2
3
4

SMC Hedge Fund Activity: Q1 2018 in Review

70 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q1 2018, worth a combined $454M — down 39% from $740M a quarter earlier.

Fund positioning in SMC was balanced in Q1 2018: 12 funds opened new positions, 12 closed out, 21 added to existing stakes and 23 trimmed.

The largest buyer was T. Rowe Price Associates, opening a new position worth an estimated $9.51M. The largest seller was Blackstone Inc, exiting entirely with an estimated $62.2M sold.

  • 70 institutional investors held Summit Midstream (SMC) as of Q1 2018, down from 72 in Q4 2017.
  • Funds reported $454M of Summit Midstream stock for Q1 2018, down 39% quarter-over-quarter.
  • 12 funds opened new Summit Midstream positions in Q1 2018 and 12 closed out, a net change of 0 holders.
  • The largest Summit Midstream buyer in Q1 2018 was T. Rowe Price Associates, an estimated $9.51M added.
  • The largest Summit Midstream seller in Q1 2018 was Blackstone Inc, an estimated $62.2M sold.

Based on aggregated 13F filings for Q1 2018.