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SMC

Summit Midstream

76 hedge funds and large institutions have $506M invested in Summit Midstream in 2018 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 22 increasing their positions, 21 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 7

12% more capital invested

Capital invested by funds: $454M → $506M (+$52.3M)

9% more funds holding

Funds holding: 7076 (+6)

5% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 21

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

40% less call options, than puts

Call options by funds: $854K | Put options by funds: $1.41M

Holders
76
Holders Change
+6
Holders Change %
+8.57%
% of All Funds
1.74%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
14
Increased
22
Reduced
21
Closed
7
Calls
$854K
Puts
$1.41M
Net Calls
-$558K
Net Calls Change
+$1.74M
Name Holding Trade Value Shares
Change
Change in
Stake
O
1
OppenheimerFunds
New York
$135M +$6.67M +29,118 +5%
HCM
2
HMI Capital Management
California
$82.8M -$6.24M -27,220 -7%
KACA
3
Kayne Anderson Capital Advisors
California
$47.8M +$5.2M +22,686 +12%
HFA
4
Harvest Fund Advisors
Pennsylvania
$41.5M -$2.97M -12,974 -7%
BC
5
Brookfield Corp
Ontario, Canada
$28.8M +$28.5M +124,501 New
NIM
6
NXG Investment Management
Texas
$19.7M -$2.86M -12,467 -13%
Bank of America
7
Bank of America
North Carolina
$12.9M +$936K +4,087 +8%
CIBC Private Wealth Group
8
CIBC Private Wealth Group
Georgia
$12.6M +$3.58M +15,644 +40%
JP Morgan Chase
9
JP Morgan Chase
New York
$11.6M +$224K +979 +2%
ClearBridge Investments
10
ClearBridge Investments
New York
$11.6M
Morgan Stanley
11
Morgan Stanley
New York
$11M +$743K +3,242 +7%
COPPSERS
12
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$9.79M -$320K -1,395 -3%
WHG
13
Westwood Holdings Group
Texas
$8.12M -$317K -1,382 -4%
T. Rowe Price Associates
14
T. Rowe Price Associates
Maryland
$7.7M
ECM
15
Evergreen Capital Management
Washington
$7.12M +$1.19M +5,180 +20%
Cohen & Steers
16
Cohen & Steers
New York
$5.61M -$19K -83 -0.3%
Goldman Sachs
17
Goldman Sachs
New York
$4.3M -$1.25M -5,449 -23%
UBS Group
18
UBS Group
Switzerland
$3.6M -$1.27M -5,532 -26%
AR
19
Advisory Research
Illinois
$3.22M -$16.8M -73,378 -84%
PP
20
Prudential plc
United Kingdom
$3.16M
Citigroup
21
Citigroup
New York
$2.94M +$17.2K +75 +0.6%
SOAMC
22
Spirit of America Management Corp
New York
$2.93M -$1.23M -5,386 -30%
State of New Jersey Common Pension Fund D
23
State of New Jersey Common Pension Fund D
New Jersey
$2.56M
Rafferty Asset Management
24
Rafferty Asset Management
New York
$2.21M +$541K +2,360 +33%
WFI
25
West Family Investments
California
$2.09M +$806K +3,520 +64%

SMC Hedge Fund Activity: Q2 2018 in Review

76 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q2 2018, worth a combined $506M — up 12% from $454M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new SMC positions and 7 closed out — a net gain of 7 holders — while 22 added to existing stakes and 21 trimmed.

The largest buyer was Brookfield Corp, opening a new position worth an estimated $28.5M. The largest seller was Advisory Research, cutting an estimated $16.8M.

  • 76 institutional investors held Summit Midstream (SMC) as of Q2 2018, up from 70 in Q1 2018.
  • Funds reported $506M of Summit Midstream stock for Q2 2018, up 12% quarter-over-quarter.
  • 14 funds opened new Summit Midstream positions in Q2 2018 and 7 closed out, a net change of +7 holders.
  • The largest Summit Midstream buyer in Q2 2018 was Brookfield Corp, an estimated $28.5M added.
  • The largest Summit Midstream seller in Q2 2018 was Advisory Research, an estimated $16.8M sold.

Based on aggregated 13F filings for Q2 2018.