Summit Midstream
SMC
46 hedge funds and large institutions have $501M invested in Summit Midstream in 2013 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 1 closing their positions.
1,000% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 1
46% more call options, than puts
Call options by funds: $363K | Put options by funds: $249K
28% more funds holding
Funds holding: 36 → 46 (+10)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 13
6% less capital invested
Capital invested by funds: $533M → $501M (-$31.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$3.63M |
| 2 |
ClearBridge Investments
New York
|
+$2.69M |
| 3 |
Goldman Sachs
New York
|
+$2.48M |
| 4 |
SCA
Salient Capital Advisors
Houston,
Texas
|
+$2.02M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$771K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
O
OppenheimerFunds
New York
|
-$71.7M |
| 2 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$4.79M |
| 3 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
-$2.42M |
| 4 |
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
|
-$2.01M |
| 5 |
Morgan Stanley
New York
|
-$1.66M |
SMC Hedge Fund Activity: Q4 2013 in Review
46 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q4 2013, worth a combined $501M — down 5.9% from $533M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new SMC positions and 1 closed out — a net gain of 10 holders — while 13 added to existing stakes and 13 trimmed.
The largest buyer was UBS, adding an estimated $3.63M. The largest seller was OppenheimerFunds, cutting an estimated $71.7M.
- 46 institutional investors held Summit Midstream (SMC) as of Q4 2013, up from 36 in Q3 2013.
- Funds reported $501M of Summit Midstream stock for Q4 2013, down 5.9% quarter-over-quarter.
- 11 funds opened new Summit Midstream positions in Q4 2013 and 1 closed out, a net change of +10 holders.
- The largest Summit Midstream buyer in Q4 2013 was UBS, an estimated $3.63M added.
- The largest Summit Midstream seller in Q4 2013 was OppenheimerFunds, an estimated $71.7M sold.
Based on aggregated 13F filings for Q4 2013.