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SMC

Summit Midstream
SMC

72 hedge funds and large institutions have $454M invested in Summit Midstream in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 26 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less funds holding

Funds holding: 76 → 72 (-4)

10% less capital invested

Capital invested by funds: $506M → $454M (-$52.8M)

18% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 11

27% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 26

59% less call options, than puts

Call options by funds: $769K | Put options by funds: $1.86M

Holders
72
Holders Change
-4
Holders Change %
-5.26%
% of All Funds
1.65%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
9
Increased
19
Reduced
26
Closed
11
Calls
$769K
Puts
$1.86M
Net Calls
-$1.09M
Net Calls Change
-$530K

Top Buyers

1
O
OppenheimerFunds
New York
+$16.3M
2
Goldman Sachs
Goldman Sachs
New York
+$4.41M
3
Renaissance Technologies
Renaissance Technologies
New York
+$2.54M
4
MIM
MetLife Investment Management
New Jersey
+$2.12M
5
Deutsche Bank
Deutsche Bank
Germany
+$2.03M

Top Sellers

1
HCM
HMI Capital Management
California
-$21.3M
2
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$9.38M
3
HFA
Harvest Fund Advisors
Pennsylvania
-$7.93M
4
Morgan Stanley
Morgan Stanley
New York
-$3.95M
5
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
-$2.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
51
Royal Bank of Canada
Ontario, Canada
$308K -$304K -1,233 -46%
Neuberger Berman Group
52
Neuberger Berman Group
New York
$276K -$21.9K -89 -6%
Creative Planning
53
Creative Planning
Kansas
$276K -$16.3K -66 -5%
Susquehanna International Group
54
Susquehanna International Group
Pennsylvania
$273K +$314K +1,275 New
RJA
55
Raymond James & Associates
Florida
$270K -$69.2K -281 -18%
SFI
56
Susquehanna Fundamental Investments
Pennsylvania
$227K -$54.2K -220 -17%
SGCA
57
Steel Grove Capital Advisors
Tennessee
$208K – – –
RJFSA
58
Raymond James Financial Services Advisors
Florida
$143K -$9.86K -40 -6%
TIS
59
Tortoise Index Solutions
Kansas
$102K -$3.45K -14 -3%
WEC
60
Winslow Evans & Crocker
Massachusetts
$88K – – –
CPIG
61
Chicago Partners Investment Group
Illinois
$85K +$38.2K +155 +77%
MFW
62
Mosaic Family Wealth
Missouri
$66K -$6.65K -27 -8%
Bank of Montreal
63
Bank of Montreal
Ontario, Canada
$49K +$56.2K +228 New
SMFS
64
Squar Milner Financial Services
California
$25K – – –
US Bancorp
65
US Bancorp
Minnesota
$23K – – –
LTFS
66
Ladenburg Thalmann Financial Services
Florida
$22K – – –
RFC
67
Regions Financial Corp
Alabama
$14K – – –
SMG
68
Spectrum Management Group
Indiana
$14K – – –
MCM
69
Mainstay Capital Management
Michigan
$11K – – –
AG
70
Advisor Group
Arizona
$3K -$4.19K -17 -57%
LFA
71
Legacy Financial Advisors
Kentucky
$3K – – –
FHB
72
First Hawaiian Bank
Hawaii
$3K +$2.96K +12 New
MLICM
73
Metropolitan Life Insurance Company (MetLife)
New York
– -$1.98M -8,590 Closed
PAM
74
PVG Asset Management
Colorado
– -$271K -1,175 Closed
RA
75
Rational Advisors
New York
– -$271K -1,175 Closed
1 2
3
4

SMC Hedge Fund Activity: Q3 2018 in Review

72 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q3 2018, worth a combined $454M — down 10% from $506M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of SMC and 9 opened new positions — a net loss of 2 holders — while 26 trimmed existing stakes and 19 added.

The largest buyer was OppenheimerFunds, adding an estimated $16.3M. The largest seller was HMI Capital Management, cutting an estimated $21.3M.

  • 72 institutional investors held Summit Midstream (SMC) as of Q3 2018, down from 76 in Q2 2018.
  • Funds reported $454M of Summit Midstream stock for Q3 2018, down 10% quarter-over-quarter.
  • 9 funds opened new Summit Midstream positions in Q3 2018 and 11 closed out, a net change of -2 holders.
  • The largest Summit Midstream buyer in Q3 2018 was OppenheimerFunds, an estimated $16.3M added.
  • The largest Summit Midstream seller in Q3 2018 was HMI Capital Management, an estimated $21.3M sold.

Based on aggregated 13F filings for Q3 2018.