Summit Midstream
SMC
36 hedge funds and large institutions have $459M invested in Summit Midstream in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 5 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 10
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less capital invested
Capital invested by funds: $462M → $459M (-$2.5M)
3% less funds holding
Funds holding: 37 → 36 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
88% less call options, than puts
Call options by funds: $241K | Put options by funds: $1.94M
Top Buyers
| 1 |
ClearBridge Investments
New York
|
+$7.88M |
| 2 |
Goldman Sachs
New York
|
+$6.9M |
| 3 |
SCA
Salient Capital Advisors
Houston,
Texas
|
+$3.97M |
| 4 |
O
OppenheimerFunds
New York
|
+$3.17M |
| 5 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$503K |
Top Sellers
| 1 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$8.71M |
| 2 |
Citigroup
New York
|
-$5.84M |
| 3 |
EGA
Eagle Global Advisors
Houston,
Texas
|
-$2.7M |
| 4 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$2.31M |
| 5 |
Morgan Stanley
New York
|
-$1.88M |
SMC Hedge Fund Activity: Q3 2013 in Review
36 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q3 2013, worth a combined $459M — down 0.54% from $462M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SMC and 4 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 15 added.
The largest buyer was ClearBridge Investments, adding an estimated $7.88M. The largest seller was Kayne Anderson Capital Advisors, cutting an estimated $8.71M.
- 36 institutional investors held Summit Midstream (SMC) as of Q3 2013, down from 37 in Q2 2013.
- Funds reported $459M of Summit Midstream stock for Q3 2013, down 0.54% quarter-over-quarter.
- 4 funds opened new Summit Midstream positions in Q3 2013 and 5 closed out, a net change of -1 holder.
- The largest Summit Midstream buyer in Q3 2013 was ClearBridge Investments, an estimated $7.88M added.
- The largest Summit Midstream seller in Q3 2013 was Kayne Anderson Capital Advisors, an estimated $8.71M sold.
Based on aggregated 13F filings for Q3 2013.