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SMC

Summit Midstream

61 hedge funds and large institutions have $467M invested in Summit Midstream in 2016 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 24 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

261% more call options, than puts

Call options by funds: $1.98M | Put options by funds: $548K

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

10% less funds holding

Funds holding: 6861 (-7)

24% less capital invested

Capital invested by funds: $614M → $467M (-$147M)

29% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 24

37% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 19

Holders
61
Holders Change
-7
Holders Change %
-10.29%
% of All Funds
1.63%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
12
Increased
17
Reduced
24
Closed
19
Calls
$1.98M
Puts
$548K
Net Calls
+$1.43M
Net Calls Change
+$6.29M
Name Holding Trade Value Shares
Change
Change in
Stake
O
1
OppenheimerFunds
New York
$73.6M +$12.9M +53,752 +23%
HCM
2
HMI Capital Management
California
$73M +$7.18M +30,000 +12%
AR
3
Advisory Research
Illinois
$44.8M +$3.23M +13,481 +8%
HFA
4
Harvest Fund Advisors
Pennsylvania
$36.6M -$8.42M -35,175 -20%
CIBC Private Wealth Group
5
CIBC Private Wealth Group
Georgia
$33.1M +$12.6M +52,738 +68%
Goldman Sachs
6
Goldman Sachs
New York
$25.6M -$12.9M -54,040 -35%
CCCA
7
Center Coast Capital Advisors
Texas
$25.4M +$13.7M +57,321 +135%
Morgan Stanley
8
Morgan Stanley
New York
$15.6M -$8.36M -34,908 -36%
ClearBridge Investments
9
ClearBridge Investments
New York
$12.8M -$14.2M -59,484 -54%
UBS Group
10
UBS Group
Switzerland
$12.7M +$5.32M +22,233 +80%
COPPSERS
11
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$11M -$14.6M -61,072 -59%
ECM
12
Evergreen Capital Management
Washington
$10.2M +$6.87M +28,689 +254%
KACA
13
Kayne Anderson Capital Advisors
California
$9.68M -$18.6M -77,674 -67%
Bank of America
14
Bank of America
North Carolina
$9.58M -$211K -883 -2%
SCA
15
Salient Capital Advisors
Texas
$9.43M -$53.3M -222,539 -86%
JP Morgan Chase
16
JP Morgan Chase
New York
$9.15M -$1.43M -5,966 -14%
WHG
17
Westwood Holdings Group
Texas
$8.05M -$174K -727 -2%
CS
18
Credit Suisse
Switzerland
$7.48M -$2.53M -10,572 -26%
GC
19
Guggenheim Capital
Illinois
$7.16M +$5.84M +24,392 +653%
GXMC
20
Global X Management Company
New York
$5.59M +$5.1M +21,294 +3,281%
IG
21
ING Group
Netherlands
$4.01M +$3.13M +13,093 +491%
FWIA
22
Fort Washington Investment Advisors
Ohio
$2.73M +$399K +1,666 +18%
Deutsche Bank
23
Deutsche Bank
Germany
$2.63M -$329K -1,375 -12%
Citigroup
24
Citigroup
New York
$2.46M -$184K -767 -7%
Rafferty Asset Management
25
Rafferty Asset Management
New York
$1.68M -$428K -1,786 -21%

SMC Hedge Fund Activity: Q1 2016 in Review

61 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q1 2016, worth a combined $467M — down 24% from $614M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of SMC and 12 opened new positions — a net loss of 7 holders — while 24 trimmed existing stakes and 17 added.

The largest buyer was Center Coast Capital Advisors, adding an estimated $13.7M. The largest seller was Salient Capital Advisors, cutting an estimated $53.3M.

  • 61 institutional investors held Summit Midstream (SMC) as of Q1 2016, down from 68 in Q4 2015.
  • Funds reported $467M of Summit Midstream stock for Q1 2016, down 24% quarter-over-quarter.
  • 12 funds opened new Summit Midstream positions in Q1 2016 and 19 closed out, a net change of -7 holders.
  • The largest Summit Midstream buyer in Q1 2016 was Center Coast Capital Advisors, an estimated $13.7M added.
  • The largest Summit Midstream seller in Q1 2016 was Salient Capital Advisors, an estimated $53.3M sold.

Based on aggregated 13F filings for Q1 2016.