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SMC

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, 14 increasing their positions, 12 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

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)

17% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 12

9% more capital invested

Capital invested by funds: $459M → $501M (+$42M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
46
Holders Change
+10
Holders Change %
+27.78%
% of All Funds
1.34%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
11
Increased
14
Reduced
12
Closed
1
Calls
$363K
Puts
$249K
Net Calls
+$114K
Net Calls Change
+$1.81M

Top Buyers

1
U
UBS
Switzerland
+$3.63M
2
ClearBridge Investments
ClearBridge Investments
New York
+$2.69M
3
Goldman Sachs
Goldman Sachs
New York
+$2.48M
4
SCA
Salient Capital Advisors
Texas
+$2.02M
5
O
OppenheimerFunds
New York
+$1.15M

Top Sellers

1
KACA
Kayne Anderson Capital Advisors
California
-$4.79M
2
ECM
Evergreen Capital Management
Washington
-$2.42M
3
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
-$2.01M
4
Morgan Stanley
Morgan Stanley
New York
-$1.66M
5
EGA
Eagle Global Advisors
Texas
-$756K
Name Holding Trade Value Shares
Change 		Change in
Stake
O
1
OppenheimerFunds
New York
$80.5M +$1.15M +2,273 +2%
KACA
2
Kayne Anderson Capital Advisors
California
$76.3M -$4.79M -9,477 -6%
ClearBridge Investments
3
ClearBridge Investments
New York
$64.9M +$2.69M +5,324 +5%
SCA
4
Salient Capital Advisors
Texas
$50.6M +$2.02M +4,008 +5%
EGA
5
Eagle Global Advisors
Texas
$44.6M -$756K -1,496 -2%
HFA
6
Harvest Fund Advisors
Pennsylvania
$39.2M +$448K +887 +1%
Goldman Sachs
7
Goldman Sachs
New York
$31.5M +$2.48M +4,902 +9%
COPPSERS
8
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$24M -$2.01M -3,987 -8%
TCA
9
Tortoise Capital Advisors
Kansas
$20.3M – – –
Morgan Stanley
10
Morgan Stanley
New York
$10.2M -$1.66M -3,290 -15%
U
11
UBS
Switzerland
$9.76M +$3.63M +7,183 +68%
WHG
12
Westwood Holdings Group
Texas
$8.6M -$463K -916 -6%
MSA
13
Mason Street Advisors
Wisconsin
$7.69M – – –
Invesco
14
Invesco
Georgia
$7.33M – – –
CS
15
Credit Suisse
Switzerland
$4.76M +$70.2K +139 +2%
ECM
16
Evergreen Capital Management
Washington
$3.45M -$2.42M -4,789 -43%
SC
17
Savitr Capital
California
$2.3M +$242K +479 +13%
CM
18
Castleark Management
Illinois
$1.99M – – –
Bank of America
19
Bank of America
North Carolina
$1.76M -$13.1K -26 -0.8%
SCM
20
Samson Capital Management
Kansas
$1.62M +$739K +1,463 +98%
BGA
21
Belmont Global Advisors
Texas
$979K +$899K +1,780 New
HighTower Advisors
22
HighTower Advisors
Illinois
$935K +$45K +89 +6%
Renaissance Technologies
23
Renaissance Technologies
New York
$840K +$771K +1,527 New
Deutsche Bank
24
Deutsche Bank
Germany
$839K +$771K +1,527 New
RJA
25
Raymond James & Associates
Florida
$828K -$88.9K -176 -10%
1
2

SMC Hedge Fund Activity: Q4 2013 in Review

46 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q4 2013, worth a combined $501M — up 9.1% from $459M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new SMC positions and 1 closed out — a net gain of 10 holders — while 14 added to existing stakes and 12 trimmed.

The largest buyer was UBS, adding an estimated $3.63M. The largest seller was Kayne Anderson Capital Advisors, cutting an estimated $4.79M.

  • 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, up 9.1% 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 Kayne Anderson Capital Advisors, an estimated $4.79M sold.

Based on aggregated 13F filings for Q4 2013.