Summit Midstream
SMC
71 hedge funds and large institutions have $481M invested in Summit Midstream in 2018 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 21 increasing their positions, 23 reducing their positions, and 12 closing their positions.
8% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 12
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 23
1% less funds holding
Funds holding: 72 → 71 (-1)
35% less capital invested
Capital invested by funds: $740M → $481M (-$259M)
99% less call options, than puts
Call options by funds: $29K | Put options by funds: $2.33M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$36.8M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$9.51M |
| 3 |
PWPCM
Perella Weinberg Partners Capital Management
New York
|
+$6.98M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$3.91M |
| 5 |
O
OppenheimerFunds
New York
|
+$3.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
-$62.2M |
| 2 |
AR
Advisory Research
Chicago,
Illinois
|
-$29.2M |
| 3 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$10.8M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$8.51M |
| 5 |
Goldman Sachs
New York
|
-$5.85M |
SMC Hedge Fund Activity: Q1 2018 in Review
71 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q1 2018, worth a combined $481M — down 35% from $740M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new SMC positions and 12 closed out — a net gain of 1 holder — while 21 added to existing stakes and 23 trimmed.
The largest buyer was Brookfield Corp, opening a new position worth an estimated $36.8M. The largest seller was Blackstone Inc, exiting entirely with an estimated $62.2M sold.
- 71 institutional investors held Summit Midstream (SMC) as of Q1 2018, down from 72 in Q4 2017.
- Funds reported $481M of Summit Midstream stock for Q1 2018, down 35% quarter-over-quarter.
- 13 funds opened new Summit Midstream positions in Q1 2018 and 12 closed out, a net change of +1 holder.
- The largest Summit Midstream buyer in Q1 2018 was Brookfield Corp, an estimated $36.8M added.
- The largest Summit Midstream seller in Q1 2018 was Blackstone Inc, an estimated $62.2M sold.
Based on aggregated 13F filings for Q1 2018.