Summit Midstream
SMC
74 hedge funds and large institutions have $856M invested in Summit Midstream in 2017 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 23 increasing their positions, 21 reducing their positions, and 8 closing their positions.
100% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 8
12% more funds holding
Funds holding: 66 → 74 (+8)
10% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 21
3% more capital invested
Capital invested by funds: $831M → $856M (+$24.9M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
91% less call options, than puts
Call options by funds: $1.61M | Put options by funds: $18.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIM
NXG Investment Management
Dallas,
Texas
|
+$43.2M |
| 2 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$16.4M |
| 3 |
O
OppenheimerFunds
New York
|
+$14.1M |
| 4 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
+$11.5M |
| 5 |
TAM
TPH Asset Management
Houston,
Texas
|
+$11.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
-$32.3M |
| 2 |
GXMC
Global X Management Company
New York
|
-$10.2M |
| 3 |
OA
Oxbow Advisors
Austin,
Texas
|
-$9.58M |
| 4 |
Goldman Sachs
New York
|
-$5.32M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.77M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OA
76
Oxbow Advisors
Austin,
Texas
| – | -$9.58M | -25,385 | Closed |
|
|
EM
77
EnTrustPermal Management
New York
| – | -$2.13M | -5,640 | Closed |
|
|
CM
78
Castleark Management
Chicago,
Illinois
| – | -$1.27M | -3,373 | Closed |
|
79
Millennium Management
New York
| – | -$711K | -1,886 | Closed |
|
|
VKH
80
Virtu KCG Holdings
New York
| – | -$645K | -1,711 | Closed |
|
|
GCP
81
GSA Capital Partners
London,
United Kingdom
| – | -$475K | -1,260 | Closed |
|
|
TRCT
82
Tower Research Capital (TRC)
New York
| – | -$14.1K | -39 | Closed |
|
SMC Hedge Fund Activity: Q1 2017 in Review
74 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q1 2017, worth a combined $856M — up 3% from $831M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new SMC positions and 8 closed out — a net gain of 8 holders — while 23 added to existing stakes and 21 trimmed.
The largest buyer was NXG Investment Management, opening a new position worth an estimated $43.2M. The largest seller was Nuveen, exiting entirely with an estimated $32.3M sold.
- 74 institutional investors held Summit Midstream (SMC) as of Q1 2017, up from 66 in Q4 2016.
- Funds reported $856M of Summit Midstream stock for Q1 2017, up 3% quarter-over-quarter.
- 16 funds opened new Summit Midstream positions in Q1 2017 and 8 closed out, a net change of +8 holders.
- The largest Summit Midstream buyer in Q1 2017 was NXG Investment Management, an estimated $43.2M added.
- The largest Summit Midstream seller in Q1 2017 was Nuveen, an estimated $32.3M sold.
Based on aggregated 13F filings for Q1 2017.