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SMC

Summit Midstream
SMC

53 hedge funds and large institutions have $118M invested in Summit Midstream in 2019 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 10 increasing their positions, 20 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 53 → 53 (0)

0% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 12

37% less capital invested

Capital invested by funds: $188M → $118M (-$69.4M)

50% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 20

78% less call options, than puts

Call options by funds: $102K | Put options by funds: $454K

Holders
53
Holders Change
–
Holders Change %
0%
% of All Funds
1.16%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
10
Reduced
20
Closed
12
Calls
$102K
Puts
$454K
Net Calls
-$352K
Net Calls Change
+$713K

Top Buyers

1
TCA
Tortoise Capital Advisors
Kansas
+$9.17M
2
Bank of America
Bank of America
North Carolina
+$1.23M
3
Creative Planning
Creative Planning
Kansas
+$519K
4
Cohen & Steers
Cohen & Steers
New York
+$206K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$148K

Top Sellers

1
BC
Brookfield Corp
Ontario, Canada
-$26.3M
2
AR
Advisory Research
Illinois
-$11.1M
3
JP Morgan Chase
JP Morgan Chase
New York
-$1.88M
4
Goldman Sachs
Goldman Sachs
New York
-$624K
5
ECM
Evergreen Capital Management
Washington
-$592K
Name Holding Trade Value Shares
Change 		Change in
Stake
AG
51
Advisor Group
Arizona
$1K +$92 +1 +7%
AIA
52
Arrow Investment Advisors
Maryland
$298 +$120K +1,304 +47%
BC
53
Brookfield Corp
Ontario, Canada
– -$26.3M -235,747 Closed
AR
54
Advisory Research
Illinois
– -$11.1M -99,796 Closed
ECM
55
Evergreen Capital Management
Washington
– -$592K -5,308 Closed
Arrowstreet Capital
56
Arrowstreet Capital
Massachusetts
– -$511K -4,578 Closed
CIMLRA
57
CBRE Investment Management Listed Real Assets
Pennsylvania
– -$414K -3,707 Closed
Simplex Trading
58
Simplex Trading
Illinois
– -$203K -2,213 Closed
SFI
59
Susquehanna Fundamental Investments
Pennsylvania
– -$222K -1,993 Closed
PWPCM
60
Perella Weinberg Partners Capital Management
New York
– -$145K -1,299 Closed
Russell Investments Group
61
Russell Investments Group
United Kingdom
– -$66K -593 Closed
PI
62
PEAK6 Investments
Illinois
– -$65K -583 Closed
CH
63
Canton Hathaway
Rhode Island
– -$22K -200 Closed
SMG
64
Spectrum Management Group
Indiana
– -$8K -68 Closed
1 2
3

SMC Hedge Fund Activity: Q3 2019 in Review

53 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q3 2019, worth a combined $118M — down 37% from $188M a quarter earlier.

Fund positioning in SMC was balanced in Q3 2019: 12 funds opened new positions, 12 closed out, 10 added to existing stakes and 20 trimmed.

The largest buyer was Tortoise Capital Advisors, opening a new position worth an estimated $9.17M. The largest seller was Brookfield Corp, exiting entirely with an estimated $26.3M sold.

  • 53 institutional investors held Summit Midstream (SMC) as of Q3 2019, unchanged from Q2 2019.
  • Funds reported $118M of Summit Midstream stock for Q3 2019, down 37% quarter-over-quarter.
  • 12 funds opened new Summit Midstream positions in Q3 2019 and 12 closed out, a net change of 0 holders.
  • The largest Summit Midstream buyer in Q3 2019 was Tortoise Capital Advisors, an estimated $9.17M added.
  • The largest Summit Midstream seller in Q3 2019 was Brookfield Corp, an estimated $26.3M sold.

Based on aggregated 13F filings for Q3 2019.