Summit Midstream
SMC
74 hedge funds and large institutions have $1.01B invested in Summit Midstream in 2014 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 30 increasing their positions, 25 reducing their positions, and 12 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 25
8% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 12
0% more funds holding
Funds holding: 74 → 74 (0)
23% less capital invested
Capital invested by funds: $1.31B → $1.01B (-$297M)
78% less call options, than puts
Call options by funds: $919K | Put options by funds: $4.17M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Salient Capital Advisors
Houston,
Texas
|
+$24.1M |
| 2 |
CIMLRA
CBRE Investment Management Listed Real Assets
Radnor,
Pennsylvania
|
+$11.3M |
| 3 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
+$6M |
| 4 |
AR
Advisory Research
Chicago,
Illinois
|
+$5.92M |
| 5 |
MSA
Mason Street Advisors
Milwaukee,
Wisconsin
|
+$5.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$11.6M |
| 2 |
Goldman Sachs
New York
|
-$7.01M |
| 3 |
SCM
Samson Capital Management
Leawood,
Kansas
|
-$6.43M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$3.19M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$2.97M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CM
76
Castleark Management
Chicago,
Illinois
| – | -$2.32M | -3,613 | Closed |
|
77
Renaissance Technologies
New York
| – | -$1.25M | -1,635 | Closed |
|
|
CCT
78
Country Club Trust
Kansas City,
Missouri
| – | -$1.13M | -1,485 | Closed |
|
|
SIC
79
Salem Investment Counselors
Winston Salem,
North Carolina
| – | -$915K | -1,200 | Closed |
|
80
Wellington Management Group
Boston,
Massachusetts
| – | -$395K | -518 | Closed |
|
|
BC
81
Brookfield Corp
Toronto,
Ontario, Canada
| – | -$371K | -487 | Closed |
|
82
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$322K | -423 | Closed |
|
|
FBC
83
Fairfield, Bush & Co
Darien,
Connecticut
| – | -$224K | -293 | Closed |
|
|
BCM
84
Beck Capital Management
Austin,
Texas
| – | -$208K | -292 | Closed |
|
|
MIM
85
Marco Investment Management
Atlanta,
Georgia
| – | -$203K | -267 | Closed |
|
|
BRWM
86
B. Riley Wealth Management
Memphis,
Tennessee
| – | -$30K | -40 | Closed |
|
SMC Hedge Fund Activity: Q4 2014 in Review
74 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q4 2014, worth a combined $1.01B — down 23% from $1.31B a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new SMC positions and 12 closed out — a net gain of 1 holder — while 30 added to existing stakes and 25 trimmed.
The largest buyer was Salient Capital Advisors, adding an estimated $24.1M. The largest seller was Kayne Anderson Capital Advisors, cutting an estimated $11.6M.
- 74 institutional investors held Summit Midstream (SMC) as of Q4 2014, unchanged from Q3 2014.
- Funds reported $1.01B of Summit Midstream stock for Q4 2014, down 23% quarter-over-quarter.
- 13 funds opened new Summit Midstream positions in Q4 2014 and 12 closed out, a net change of +1 holder.
- The largest Summit Midstream buyer in Q4 2014 was Salient Capital Advisors, an estimated $24.1M added.
- The largest Summit Midstream seller in Q4 2014 was Kayne Anderson Capital Advisors, an estimated $11.6M sold.
Based on aggregated 13F filings for Q4 2014.