Summit Midstream
SMC
60 hedge funds and large institutions have $577M invested in Summit Midstream in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 25 reducing their positions, and 16 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
12% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 25
14% less funds holding
Funds holding: 70 → 60 (-10)
45% less capital invested
Capital invested by funds: $1.04B → $577M (-$467M)
63% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 16
80% less call options, than puts
Call options by funds: $1.43M | Put options by funds: $7.01M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
HMI Capital Management
San Francisco,
California
|
+$49.7M |
| 2 |
SCA
Salient Capital Advisors
Houston,
Texas
|
+$26.2M |
| 3 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$12.8M |
| 4 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
+$11.3M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$6.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$37.5M |
| 2 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$17.6M |
| 3 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$13.4M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$7.63M |
| 5 |
Morgan Stanley
New York
|
-$4.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$5K | -11 | Closed |
|
SMC Hedge Fund Activity: Q3 2015 in Review
60 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q3 2015, worth a combined $577M — down 45% from $1.04B a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of SMC and 6 opened new positions — a net loss of 10 holders — while 25 trimmed existing stakes and 22 added.
The largest buyer was HMI Capital Management, adding an estimated $49.7M. The largest seller was Goldman Sachs, cutting an estimated $37.5M.
- 60 institutional investors held Summit Midstream (SMC) as of Q3 2015, down from 70 in Q2 2015.
- Funds reported $577M of Summit Midstream stock for Q3 2015, down 45% quarter-over-quarter.
- 6 funds opened new Summit Midstream positions in Q3 2015 and 16 closed out, a net change of -10 holders.
- The largest Summit Midstream buyer in Q3 2015 was HMI Capital Management, an estimated $49.7M added.
- The largest Summit Midstream seller in Q3 2015 was Goldman Sachs, an estimated $37.5M sold.
Based on aggregated 13F filings for Q3 2015.