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SMC

Summit Midstream
SMC

65 hedge funds and large institutions have $706M invested in Summit Midstream in 2016 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 26 increasing their positions, 12 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

650% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 2

211% more call options, than puts

Call options by funds: $12.2M | Put options by funds: $3.93M

117% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 12

20% more funds holding

Funds holding: 54 → 65 (+11)

19% more capital invested

Capital invested by funds: $595M → $706M (+$111M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
65
Holders Change
+11
Holders Change %
+20.37%
% of All Funds
1.73%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
15
Increased
26
Reduced
12
Closed
2
Calls
$12.2M
Puts
$3.93M
Net Calls
+$8.29M
Net Calls Change
+$7.4M

Top Buyers

1
O
OppenheimerFunds
New York
+$41.4M
2
Goldman Sachs
Goldman Sachs
New York
+$37.1M
3
KACA
Kayne Anderson Capital Advisors
California
+$14.5M
4
OA
Oxbow Advisors
Texas
+$8.71M
5
Citigroup
Citigroup
New York
+$4.07M

Top Sellers

1
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$8.17M
2
ECM
Evergreen Capital Management
Washington
-$6.22M
3
Deutsche Bank
Deutsche Bank
Germany
-$3.13M
4
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
-$2.28M
5
AR
Advisory Research
Illinois
-$1.49M
Name Holding Trade Value Shares
Change 		Change in
Stake
O
1
OppenheimerFunds
New York
$163M +$41.4M +119,613 +34%
HCM
2
HMI Capital Management
California
$101M +$126K +364 +0.1%
Goldman Sachs
3
Goldman Sachs
New York
$66.5M +$37.1M +107,381 +125%
AR
4
Advisory Research
Illinois
$60.7M -$1.49M -4,299 -2%
HFA
5
Harvest Fund Advisors
Pennsylvania
$54.9M +$2.84M +8,203 +5%
CIBC Private Wealth Group
6
CIBC Private Wealth Group
Georgia
$36.6M -$8.17M -23,640 -18%
CCCA
7
Center Coast Capital Advisors
Texas
$29.5M +$438K +1,268 +1%
Morgan Stanley
8
Morgan Stanley
New York
$20.6M +$32.5K +94 +0.2%
ClearBridge Investments
9
ClearBridge Investments
New York
$17.3M – – –
KACA
10
Kayne Anderson Capital Advisors
California
$16M +$14.5M +41,860 +883%
JP Morgan Chase
11
JP Morgan Chase
New York
$12.8M +$187K +540 +1%
COPPSERS
12
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$12.2M -$2.28M -6,601 -16%
WHG
13
Westwood Holdings Group
Texas
$11.2M +$956K +2,766 +9%
SCA
14
Salient Capital Advisors
Texas
$9.75M +$1.37M +3,952 +16%
GXMC
15
Global X Management Company
New York
$9.46M +$1.16M +3,353 +14%
Bank of America
16
Bank of America
North Carolina
$9.18M +$115K +333 +1%
OA
17
Oxbow Advisors
Texas
$8.67M +$8.71M +25,187 New
CS
18
Credit Suisse
Switzerland
$8.52M +$429K +1,242 +5%
ECM
19
Evergreen Capital Management
Washington
$7.55M -$6.22M -17,991 -45%
UBS Group
20
UBS Group
Switzerland
$5.53M +$1.49M +4,313 +37%
Citigroup
21
Citigroup
New York
$5.42M +$4.07M +11,760 +295%
EM
22
ELCO Management
New York
$4.51M +$4.48M +12,957 New
SOAMC
23
Spirit of America Management Corp
New York
$4.35M +$3.62M +10,473 +485%
Rafferty Asset Management
24
Rafferty Asset Management
New York
$2.77M +$348K +1,007 +14%
FWIA
25
Fort Washington Investment Advisors
Ohio
$2.73M +$1.27M +3,666 +86%
1
2 3

SMC Hedge Fund Activity: Q3 2016 in Review

65 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q3 2016, worth a combined $706M — up 19% from $595M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new SMC positions and 2 closed out — a net gain of 13 holders — while 26 added to existing stakes and 12 trimmed.

The largest buyer was OppenheimerFunds, adding an estimated $41.4M. The largest seller was CIBC Private Wealth Group, cutting an estimated $8.17M.

  • 65 institutional investors held Summit Midstream (SMC) as of Q3 2016, up from 54 in Q2 2016.
  • Funds reported $706M of Summit Midstream stock for Q3 2016, up 19% quarter-over-quarter.
  • 15 funds opened new Summit Midstream positions in Q3 2016 and 2 closed out, a net change of +13 holders.
  • The largest Summit Midstream buyer in Q3 2016 was OppenheimerFunds, an estimated $41.4M added.
  • The largest Summit Midstream seller in Q3 2016 was CIBC Private Wealth Group, an estimated $8.17M sold.

Based on aggregated 13F filings for Q3 2016.