Summit Midstream
SMC
76 hedge funds and large institutions have $506M invested in Summit Midstream in 2018 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 22 increasing their positions, 21 reducing their positions, and 7 closing their positions.
100% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 7
12% more capital invested
Capital invested by funds: $454M → $506M (+$52.3M)
9% more funds holding
Funds holding: 70 → 76 (+6)
5% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 21
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
40% less call options, than puts
Call options by funds: $854K | Put options by funds: $1.41M
Top Buyers
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LFA
76
Legacy Financial Advisors
Covington,
Kentucky
| $4K | – | – | – |
|
|
PWPCM
77
Perella Weinberg Partners Capital Management
New York
| – | -$5.16M | -24,471 | Closed |
|
|
SCA
78
Salient Capital Advisors
Houston,
Texas
| – | -$2.07M | -9,812 | Closed |
|
79
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$558K | -2,435 | Closed |
|
|
MWNA
80
Marshall Wace North America
New York
| – | -$505K | -2,396 | Closed |
|
|
VF
81
Virtu Financial
New York
| – | -$215K | -1,018 | Closed |
|
|
KI
82
Koch Industries
Wichita,
Kansas
| – | -$167K | -791 | Closed |
|
83
SEI Investments
Oaks,
Pennsylvania
| – | -$5K | -23 | Closed |
|
SMC Hedge Fund Activity: Q2 2018 in Review
76 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q2 2018, worth a combined $506M — up 12% from $454M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new SMC positions and 7 closed out — a net gain of 7 holders — while 22 added to existing stakes and 21 trimmed.
The largest buyer was Brookfield Corp, opening a new position worth an estimated $28.5M. The largest seller was Advisory Research, cutting an estimated $16.8M.
- 76 institutional investors held Summit Midstream (SMC) as of Q2 2018, up from 70 in Q1 2018.
- Funds reported $506M of Summit Midstream stock for Q2 2018, up 12% quarter-over-quarter.
- 14 funds opened new Summit Midstream positions in Q2 2018 and 7 closed out, a net change of +7 holders.
- The largest Summit Midstream buyer in Q2 2018 was Brookfield Corp, an estimated $28.5M added.
- The largest Summit Midstream seller in Q2 2018 was Advisory Research, an estimated $16.8M sold.
Based on aggregated 13F filings for Q2 2018.