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SMC

Summit Midstream
SMC

61 hedge funds and large institutions have $467M invested in Summit Midstream in 2016 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 24 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

261% more call options, than puts

Call options by funds: $1.98M | Put options by funds: $548K

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

10% less funds holding

Funds holding: 68 → 61 (-7)

24% less capital invested

Capital invested by funds: $614M → $467M (-$147M)

29% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 24

37% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 19

Holders
61
Holders Change
-7
Holders Change %
-10.29%
% of All Funds
1.63%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
12
Increased
17
Reduced
24
Closed
19
Calls
$1.98M
Puts
$548K
Net Calls
+$1.43M
Net Calls Change
+$6.29M

Top Buyers

1
CCCA
Center Coast Capital Advisors
Texas
+$13.7M
2
O
OppenheimerFunds
New York
+$12.9M
3
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
+$12.6M
4
HCM
HMI Capital Management
California
+$7.18M
5
ECM
Evergreen Capital Management
Washington
+$6.87M

Top Sellers

1
SCA
Salient Capital Advisors
Texas
-$53.3M
2
KACA
Kayne Anderson Capital Advisors
California
-$18.6M
3
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
-$14.6M
4
ClearBridge Investments
ClearBridge Investments
New York
-$14.2M
5
Goldman Sachs
Goldman Sachs
New York
-$12.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
76
Landscape Capital Management
New Jersey
– -$209K -744 Closed
Citadel Advisors
77
Citadel Advisors
Florida
– -$157K -558 Closed
TRCT
78
Tower Research Capital (TRC)
New York
– -$50K -179 Closed
Simplex Trading
79
Simplex Trading
Illinois
– -$12.9K -54 Closed
AIG
80
American International Group
New York
– -$1K -4 Closed
1 2 3
4

SMC Hedge Fund Activity: Q1 2016 in Review

61 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q1 2016, worth a combined $467M — down 24% from $614M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of SMC and 12 opened new positions — a net loss of 7 holders — while 24 trimmed existing stakes and 17 added.

The largest buyer was Center Coast Capital Advisors, adding an estimated $13.7M. The largest seller was Salient Capital Advisors, cutting an estimated $53.3M.

  • 61 institutional investors held Summit Midstream (SMC) as of Q1 2016, down from 68 in Q4 2015.
  • Funds reported $467M of Summit Midstream stock for Q1 2016, down 24% quarter-over-quarter.
  • 12 funds opened new Summit Midstream positions in Q1 2016 and 19 closed out, a net change of -7 holders.
  • The largest Summit Midstream buyer in Q1 2016 was Center Coast Capital Advisors, an estimated $13.7M added.
  • The largest Summit Midstream seller in Q1 2016 was Salient Capital Advisors, an estimated $53.3M sold.

Based on aggregated 13F filings for Q1 2016.