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SMC

Summit Midstream
SMC

72 hedge funds and large institutions have $454M invested in Summit Midstream in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 26 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less funds holding

Funds holding: 76 → 72 (-4)

10% less capital invested

Capital invested by funds: $506M → $454M (-$52.8M)

18% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 11

27% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 26

59% less call options, than puts

Call options by funds: $769K | Put options by funds: $1.86M

Holders
72
Holders Change
-4
Holders Change %
-5.26%
% of All Funds
1.65%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
9
Increased
19
Reduced
26
Closed
11
Calls
$769K
Puts
$1.86M
Net Calls
-$1.09M
Net Calls Change
-$530K

Top Buyers

1
O
OppenheimerFunds
New York
+$16.3M
2
Goldman Sachs
Goldman Sachs
New York
+$4.41M
3
Renaissance Technologies
Renaissance Technologies
New York
+$2.54M
4
MIM
MetLife Investment Management
New Jersey
+$2.12M
5
Deutsche Bank
Deutsche Bank
Germany
+$2.03M

Top Sellers

1
HCM
HMI Capital Management
California
-$21.3M
2
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$9.38M
3
HFA
Harvest Fund Advisors
Pennsylvania
-$7.93M
4
Morgan Stanley
Morgan Stanley
New York
-$3.95M
5
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
-$2.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
O
1
OppenheimerFunds
New York
$139M +$16.3M +66,228 +11%
HCM
2
HMI Capital Management
California
$58.3M -$21.3M -86,487 -24%
KACA
3
Kayne Anderson Capital Advisors
California
$45.4M +$1.16M +4,712 +2%
HFA
4
Harvest Fund Advisors
Pennsylvania
$31.6M -$7.93M -32,176 -18%
BC
5
Brookfield Corp
Ontario, Canada
$26.9M +$182K +738 +0.6%
NIM
6
NXG Investment Management
Texas
$16.8M -$1.68M -6,802 -8%
JP Morgan Chase
7
JP Morgan Chase
New York
$11.4M +$736K +2,986 +6%
ClearBridge Investments
8
ClearBridge Investments
New York
$10.8M – – –
Bank of America
9
Bank of America
North Carolina
$10.4M -$1.81M -7,336 -13%
Goldman Sachs
10
Goldman Sachs
New York
$7.83M +$4.41M +17,894 +96%
T. Rowe Price Associates
11
T. Rowe Price Associates
Maryland
$7.15M – – –
COPPSERS
12
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$7.04M -$2.35M -9,553 -23%
WHG
13
Westwood Holdings Group
Texas
$6.86M -$779K -3,163 -9%
Morgan Stanley
14
Morgan Stanley
New York
$6.76M -$3.95M -16,017 -34%
ECM
15
Evergreen Capital Management
Washington
$6.24M -$426K -1,730 -6%
Cohen & Steers
16
Cohen & Steers
New York
$4.28M -$1.07M -4,350 -18%
AR
17
Advisory Research
Illinois
$4M +$1.16M +4,711 +34%
CIBC Private Wealth Group
18
CIBC Private Wealth Group
Georgia
$3.56M -$9.38M -38,054 -70%
PP
19
Prudential plc
United Kingdom
$2.93M – – –
SOAMC
20
Spirit of America Management Corp
New York
$2.72M – – –
DAC
21
Dividend Assets Capital
South Carolina
$2.51M +$750K +3,043 +35%
State of New Jersey Common Pension Fund D
22
State of New Jersey Common Pension Fund D
New Jersey
$2.38M – – –
Deutsche Bank
23
Deutsche Bank
Germany
$2.27M +$2.03M +8,228 +347%
Renaissance Technologies
24
Renaissance Technologies
New York
$2.21M +$2.54M +10,293 New
UBS Group
25
UBS Group
Switzerland
$2.04M -$1.49M -6,064 -39%
1
2 3 4

SMC Hedge Fund Activity: Q3 2018 in Review

72 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q3 2018, worth a combined $454M — down 10% from $506M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of SMC and 9 opened new positions — a net loss of 2 holders — while 26 trimmed existing stakes and 19 added.

The largest buyer was OppenheimerFunds, adding an estimated $16.3M. The largest seller was HMI Capital Management, cutting an estimated $21.3M.

  • 72 institutional investors held Summit Midstream (SMC) as of Q3 2018, down from 76 in Q2 2018.
  • Funds reported $454M of Summit Midstream stock for Q3 2018, down 10% quarter-over-quarter.
  • 9 funds opened new Summit Midstream positions in Q3 2018 and 11 closed out, a net change of -2 holders.
  • The largest Summit Midstream buyer in Q3 2018 was OppenheimerFunds, an estimated $16.3M added.
  • The largest Summit Midstream seller in Q3 2018 was HMI Capital Management, an estimated $21.3M sold.

Based on aggregated 13F filings for Q3 2018.