Summit Midstream
SMC
66 hedge funds and large institutions have $977M invested in Summit Midstream in 2014 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 30 increasing their positions, 8 reducing their positions, and 5 closing their positions.
2,296% more capital inflows, than outflows
Capital inflows: $374M | Capital outflows: $15.6M
400% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 5
275% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 8
43% more funds holding
Funds holding: 46 → 66 (+20)
19.26% more ownership
Funds ownership: 47.02% → 66.28% (+19%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
69% less call options, than puts
Call options by funds: $150K | Put options by funds: $485K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$94.4M |
| 2 |
Neuberger Berman Group
New York
|
+$48.1M |
| 3 |
Salient Capital Advisors
Houston,
Texas
|
+$47M |
| 4 |
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$43.4M |
| 5 |
OppenheimerFunds
New York
|
+$15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$7.33M |
| 2 |
Evergreen Capital Management
Bellevue,
Washington
|
-$3.45M |
| 3 |
Harvest Fund Advisors
Wayne,
Pennsylvania
|
-$2.33M |
| 4 |
Savitr Capital
San Francisco,
California
|
-$1.5M |
| 5 |
ClearBridge Investments
New York
|
-$352K |
SMC Hedge Fund Activity: Q1 2014 in Review
66 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q1 2014, worth a combined $977M — up 95% from $501M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new SMC positions and 5 closed out — a net gain of 20 holders — while 30 added to existing stakes and 8 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $94.4M. The largest seller was Invesco, exiting entirely with an estimated $7.33M sold.
- 66 institutional investors held Summit Midstream (SMC) as of Q1 2014, up from 46 in Q4 2013.
- Funds reported $977M of Summit Midstream stock for Q1 2014, up 95% quarter-over-quarter.
- 25 funds opened new Summit Midstream positions in Q1 2014 and 5 closed out, a net change of +20 holders.
- The largest Summit Midstream buyer in Q1 2014 was Goldman Sachs, an estimated $94.4M added.
- The largest Summit Midstream seller in Q1 2014 was Invesco, an estimated $7.33M sold.
Based on aggregated 13F filings for Q1 2014.