Summit Midstream
SMC
66 hedge funds and large institutions have $831M invested in Summit Midstream in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 26 increasing their positions, 21 reducing their positions, and 9 closing their positions.
313% more call options, than puts
Call options by funds: $9.53M | Put options by funds: $2.31M
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
24% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 21
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
18% more capital invested
Capital invested by funds: $706M → $831M (+$124M)
2% more funds holding
Funds holding: 65 → 66 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$37.8M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
+$29.3M |
| 3 |
O
OppenheimerFunds
New York
|
+$17.2M |
| 4 |
Morgan Stanley
New York
|
+$4.85M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$3.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$37.5M |
| 2 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$7.57M |
| 3 |
SCA
Salient Capital Advisors
Houston,
Texas
|
-$5.36M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$5.15M |
| 5 |
HT
HAP Trading
New York
|
-$2.12M |
SMC Hedge Fund Activity: Q4 2016 in Review
66 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q4 2016, worth a combined $831M — up 18% from $706M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new SMC positions and 9 closed out — a net gain of 2 holders — while 26 added to existing stakes and 21 trimmed.
The largest buyer was Kayne Anderson Capital Advisors, adding an estimated $37.8M. The largest seller was Goldman Sachs, cutting an estimated $37.5M.
- 66 institutional investors held Summit Midstream (SMC) as of Q4 2016, up from 65 in Q3 2016.
- Funds reported $831M of Summit Midstream stock for Q4 2016, up 18% quarter-over-quarter.
- 11 funds opened new Summit Midstream positions in Q4 2016 and 9 closed out, a net change of +2 holders.
- The largest Summit Midstream buyer in Q4 2016 was Kayne Anderson Capital Advisors, an estimated $37.8M added.
- The largest Summit Midstream seller in Q4 2016 was Goldman Sachs, an estimated $37.5M sold.
Based on aggregated 13F filings for Q4 2016.