Summit Midstream
SMC
74 hedge funds and large institutions have $1.31B invested in Summit Midstream in 2014 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 19 reducing their positions, and 1 closing their positions.
900% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 1
84% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 19
12% more funds holding
Funds holding: 66 → 74 (+8)
10% more capital invested
Capital invested by funds: $1.19B → $1.31B (+$121M)
70% less call options, than puts
Call options by funds: $1.12M | Put options by funds: $3.73M
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$74.1M |
| 2 |
CCCA
Center Coast Capital Advisors
Houston,
Texas
|
+$14.6M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$10.2M |
| 4 |
DPIM
Duff & Phelps Investment Management
Chicago,
Illinois
|
+$7.67M |
| 5 |
O
OppenheimerFunds
New York
|
+$5.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sculptor Capital
New York
|
-$5.09M |
| 2 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
-$4.65M |
| 3 |
ClearBridge Investments
New York
|
-$4.17M |
| 4 |
MSA
Mason Street Advisors
Milwaukee,
Wisconsin
|
-$4.17M |
| 5 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
-$2.99M |
SMC Hedge Fund Activity: Q3 2014 in Review
74 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q3 2014, worth a combined $1.31B — up 10% from $1.19B a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new SMC positions and 1 closed out — a net gain of 9 holders — while 35 added to existing stakes and 19 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $74.1M. The largest seller was Sculptor Capital, cutting an estimated $5.09M.
- 74 institutional investors held Summit Midstream (SMC) as of Q3 2014, up from 66 in Q2 2014.
- Funds reported $1.31B of Summit Midstream stock for Q3 2014, up 10% quarter-over-quarter.
- 10 funds opened new Summit Midstream positions in Q3 2014 and 1 closed out, a net change of +9 holders.
- The largest Summit Midstream buyer in Q3 2014 was Goldman Sachs, an estimated $74.1M added.
- The largest Summit Midstream seller in Q3 2014 was Sculptor Capital, an estimated $5.09M sold.
Based on aggregated 13F filings for Q3 2014.