Summit Midstream
SMC
64 hedge funds and large institutions have $727M invested in Summit Midstream in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 22 increasing their positions, 25 reducing their positions, and 14 closing their positions.
17% more call options, than puts
Call options by funds: $998K | Put options by funds: $852K
12% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 25
12% less funds holding
Funds holding: 73 → 64 (-9)
13% less capital invested
Capital invested by funds: $833M → $727M (-$105M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
64% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 14
Top Buyers
| 1 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
+$9.52M |
| 2 |
AR
Advisory Research
Chicago,
Illinois
|
+$4.36M |
| 3 |
JP Morgan Chase
New York
|
+$3.3M |
| 4 |
Neuberger Berman Group
New York
|
+$1.76M |
| 5 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$1.31M |
Top Sellers
| 1 |
UBS Group
Zurich,
Switzerland
|
-$8.26M |
| 2 |
Morgan Stanley
New York
|
-$4.03M |
| 3 |
Goldman Sachs
New York
|
-$3.95M |
| 4 |
NIM
NXG Investment Management
Dallas,
Texas
|
-$3.45M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.15M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FMII
76
Farmers & Merchants Investments Inc
Lincoln,
Nebraska
| – | -$23K | -67 | Closed |
|
77
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$23K | -67 | Closed |
|
78
Creative Planning
Overland Park,
Kansas
| – | -$14K | -42 | Closed |
|
SMC Hedge Fund Activity: Q3 2017 in Review
64 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q3 2017, worth a combined $727M — down 13% from $833M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of SMC and 5 opened new positions — a net loss of 9 holders — while 25 trimmed existing stakes and 22 added.
The largest buyer was Harvest Fund Advisors, adding an estimated $9.52M. The largest seller was UBS Group, cutting an estimated $8.26M.
- 64 institutional investors held Summit Midstream (SMC) as of Q3 2017, down from 73 in Q2 2017.
- Funds reported $727M of Summit Midstream stock for Q3 2017, down 13% quarter-over-quarter.
- 5 funds opened new Summit Midstream positions in Q3 2017 and 14 closed out, a net change of -9 holders.
- The largest Summit Midstream buyer in Q3 2017 was Harvest Fund Advisors, an estimated $9.52M added.
- The largest Summit Midstream seller in Q3 2017 was UBS Group, an estimated $8.26M sold.
Based on aggregated 13F filings for Q3 2017.