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SMC

Summit Midstream
SMC

72 hedge funds and large institutions have $293M invested in Summit Midstream in 2018 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 20 increasing their positions, 23 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 72 → 72 (0)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 16

13% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 23

35% less capital invested

Capital invested by funds: $454M → $293M (-$161M)

47% less call options, than puts

Call options by funds: $564K | Put options by funds: $1.06M

Holders
72
Holders Change
–
Holders Change %
0%
% of All Funds
1.6%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
16
Increased
20
Reduced
23
Closed
16
Calls
$564K
Puts
$1.06M
Net Calls
-$499K
Net Calls Change
+$589K

Top Buyers

1
O
OppenheimerFunds
New York
+$52.1M
2
Goldman Sachs
Goldman Sachs
New York
+$12.5M
3
BC
Brookfield Corp
Ontario, Canada
+$5.14M
4
Invesco
Invesco
Georgia
+$4.32M
5
JP Morgan Chase
JP Morgan Chase
New York
+$2.22M

Top Sellers

1
HFA
Harvest Fund Advisors
Pennsylvania
-$31.6M
2
HCM
HMI Capital Management
California
-$27.8M
3
NIM
NXG Investment Management
Texas
-$16.8M
4
KACA
Kayne Anderson Capital Advisors
California
-$11.5M
5
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
-$7.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
CIBC Private Wealth Group
76
CIBC Private Wealth Group
Georgia
– -$3.56M -16,579 Closed
Renaissance Technologies
77
Renaissance Technologies
New York
– -$2.21M -10,293 Closed
GCP
78
GSA Capital Partners
United Kingdom
– -$1.66M -7,724 Closed
IECM
79
Intrinsic Edge Capital Management
Illinois
– -$1.14M -5,333 Closed
HighTower Advisors
80
HighTower Advisors
Illinois
– -$542K -2,513 Closed
Neuberger Berman Group
81
Neuberger Berman Group
New York
– -$276K -1,284 Closed
Susquehanna International Group
82
Susquehanna International Group
Pennsylvania
– -$266K -1,275 Closed
SFI
83
Susquehanna Fundamental Investments
Pennsylvania
– -$227K -1,058 Closed
SGCA
84
Steel Grove Capital Advisors
Tennessee
– -$208K -971 Closed
RJFSA
85
Raymond James Financial Services Advisors
Florida
– -$143K -669 Closed
CPIG
86
Chicago Partners Investment Group
Illinois
– -$85K -357 Closed
SMFS
87
Squar Milner Financial Services
California
– -$25K -118 Closed
MCM
88
Mainstay Capital Management
Michigan
– -$11K -51 Closed
1 2 3
4

SMC Hedge Fund Activity: Q4 2018 in Review

72 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q4 2018, worth a combined $293M — down 35% from $454M a quarter earlier.

Fund positioning in SMC was balanced in Q4 2018: 16 funds opened new positions, 16 closed out, 20 added to existing stakes and 23 trimmed.

The largest buyer was OppenheimerFunds, adding an estimated $52.1M. The largest seller was Harvest Fund Advisors, exiting entirely with an estimated $31.6M sold.

  • 72 institutional investors held Summit Midstream (SMC) as of Q4 2018, unchanged from Q3 2018.
  • Funds reported $293M of Summit Midstream stock for Q4 2018, down 35% quarter-over-quarter.
  • 16 funds opened new Summit Midstream positions in Q4 2018 and 16 closed out, a net change of 0 holders.
  • The largest Summit Midstream buyer in Q4 2018 was OppenheimerFunds, an estimated $52.1M added.
  • The largest Summit Midstream seller in Q4 2018 was Harvest Fund Advisors, an estimated $31.6M sold.

Based on aggregated 13F filings for Q4 2018.