Summit Midstream
SMC
68 hedge funds and large institutions have $614M invested in Summit Midstream in 2015 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 21 increasing their positions, 28 reducing their positions, and 7 closing their positions.
129% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 7
13% more funds holding
Funds holding: 60 → 68 (+8)
6% more capital invested
Capital invested by funds: $579M → $614M (+$35M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
25% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 28
90% less call options, than puts
Call options by funds: $567K | Put options by funds: $5.42M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
HMI Capital Management
San Francisco,
California
|
+$23.4M |
| 2 |
CCCA
Center Coast Capital Advisors
Houston,
Texas
|
+$10.7M |
| 3 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
+$5.41M |
| 4 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
+$5.25M |
| 5 |
Morgan Stanley
New York
|
+$4.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Salient Capital Advisors
Houston,
Texas
|
-$26.9M |
| 2 |
EGA
Eagle Global Advisors
Houston,
Texas
|
-$14.3M |
| 3 |
NMIMC
Northwestern Mutual Investment Management Company
Milwaukee,
Wisconsin
|
-$7.74M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$5.2M |
| 5 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$4.27M |
SMC Hedge Fund Activity: Q4 2015 in Review
68 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q4 2015, worth a combined $614M — up 6% from $579M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new SMC positions and 7 closed out — a net gain of 9 holders — while 21 added to existing stakes and 28 trimmed.
The largest buyer was HMI Capital Management, adding an estimated $23.4M. The largest seller was Salient Capital Advisors, cutting an estimated $26.9M.
- 68 institutional investors held Summit Midstream (SMC) as of Q4 2015, up from 60 in Q3 2015.
- Funds reported $614M of Summit Midstream stock for Q4 2015, up 6% quarter-over-quarter.
- 16 funds opened new Summit Midstream positions in Q4 2015 and 7 closed out, a net change of +9 holders.
- The largest Summit Midstream buyer in Q4 2015 was HMI Capital Management, an estimated $23.4M added.
- The largest Summit Midstream seller in Q4 2015 was Salient Capital Advisors, an estimated $26.9M sold.
Based on aggregated 13F filings for Q4 2015.