Summit Midstream
SMC
68 hedge funds and large institutions have $829M invested in Summit Midstream in 2015 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 23 increasing their positions, 27 reducing their positions, and 16 closing their positions.
8% less funds holding
Funds holding: 74 → 68 (-6)
15% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 27
18% less capital invested
Capital invested by funds: $1.01B → $829M (-$180M)
38% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 16
85% less call options, than puts
Call options by funds: $904K | Put options by funds: $6.13M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Salient Capital Advisors
Houston,
Texas
|
+$38.4M |
| 2 |
JP Morgan Chase
New York
|
+$18.6M |
| 3 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$6.54M |
| 4 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
+$5M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$3.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCCA
Center Coast Capital Advisors
Houston,
Texas
|
-$27.9M |
| 2 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$13.9M |
| 3 |
Goldman Sachs
New York
|
-$13.1M |
| 4 |
Neuberger Berman Group
New York
|
-$11.9M |
| 5 |
MSA
Mason Street Advisors
Milwaukee,
Wisconsin
|
-$10.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HHAM
76
HITE Hedge Asset Management
Braintree,
Massachusetts
| – | -$1.17M | -2,055 | Closed |
|
|
ST
77
Spot Trading
Chicago,
Illinois
| – | -$780K | -1,369 | Closed |
|
|
BGA
78
Belmont Global Advisors
Dallas,
Texas
| – | -$608K | -1,067 | Closed |
|
|
IAS
79
IMA Advisory Services
Denver,
Colorado
| – | -$480K | -841 | Closed |
|
80
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$357K | -671 | Closed |
|
81
AQR Capital Management
Greenwich,
Connecticut
| – | -$353K | -620 | Closed |
|
|
ACI
82
AMP Capital Investors
Sydney,
Australia
| – | -$234K | -422 | Closed |
|
|
SCM
83
Samson Capital Management
Leawood,
Kansas
| – | -$92K | -162 | Closed |
|
|
NPC
84
National Planning Corporation
El Segundo,
California
| – | -$11.1K | -22 | Closed |
|
SMC Hedge Fund Activity: Q1 2015 in Review
68 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q1 2015, worth a combined $829M — down 18% from $1.01B a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of SMC and 10 opened new positions — a net loss of 6 holders — while 27 trimmed existing stakes and 23 added.
The largest buyer was Salient Capital Advisors, adding an estimated $38.4M. The largest seller was Center Coast Capital Advisors, exiting entirely with an estimated $27.9M sold.
- 68 institutional investors held Summit Midstream (SMC) as of Q1 2015, down from 74 in Q4 2014.
- Funds reported $829M of Summit Midstream stock for Q1 2015, down 18% quarter-over-quarter.
- 10 funds opened new Summit Midstream positions in Q1 2015 and 16 closed out, a net change of -6 holders.
- The largest Summit Midstream buyer in Q1 2015 was Salient Capital Advisors, an estimated $38.4M added.
- The largest Summit Midstream seller in Q1 2015 was Center Coast Capital Advisors, an estimated $27.9M sold.
Based on aggregated 13F filings for Q1 2015.