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SMC

Summit Midstream
SMC

72 hedge funds and large institutions have $293M invested in Summit Midstream in 2018 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 20 increasing their positions, 23 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 72 → 72 (0)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 16

13% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 23

35% less capital invested

Capital invested by funds: $454M → $293M (-$161M)

47% less call options, than puts

Call options by funds: $564K | Put options by funds: $1.06M

Holders
72
Holders Change
–
Holders Change %
0%
% of All Funds
1.6%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
16
Increased
20
Reduced
23
Closed
16
Calls
$564K
Puts
$1.06M
Net Calls
-$499K
Net Calls Change
+$589K

Top Buyers

1
O
OppenheimerFunds
New York
+$52.1M
2
Goldman Sachs
Goldman Sachs
New York
+$12.5M
3
BC
Brookfield Corp
Ontario, Canada
+$5.14M
4
Invesco
Invesco
Georgia
+$4.32M
5
JP Morgan Chase
JP Morgan Chase
New York
+$2.22M

Top Sellers

1
HFA
Harvest Fund Advisors
Pennsylvania
-$31.6M
2
HCM
HMI Capital Management
California
-$27.8M
3
NIM
NXG Investment Management
Texas
-$16.8M
4
KACA
Kayne Anderson Capital Advisors
California
-$11.5M
5
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
-$7.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
O
1
OppenheimerFunds
New York
$135M +$52.1M +249,825 +39%
KACA
2
Kayne Anderson Capital Advisors
California
$23.6M -$11.5M -55,273 -26%
BC
3
Brookfield Corp
Ontario, Canada
$22.6M +$5.14M +24,662 +20%
HCM
4
HMI Capital Management
California
$20.9M -$27.8M -133,333 -49%
Goldman Sachs
5
Goldman Sachs
New York
$14.5M +$12.5M +59,908 +164%
JP Morgan Chase
6
JP Morgan Chase
New York
$9.65M +$2.22M +10,659 +20%
ClearBridge Investments
7
ClearBridge Investments
New York
$7.57M – – –
Bank of America
8
Bank of America
North Carolina
$6.16M -$1.57M -7,531 -16%
T. Rowe Price Associates
9
T. Rowe Price Associates
Maryland
$5.03M – – –
WHG
10
Westwood Holdings Group
Texas
$4.67M -$213K -1,020 -3%
Invesco
11
Invesco
Georgia
$3.12M +$4.32M +20,709 New
Morgan Stanley
12
Morgan Stanley
New York
$3.05M -$2.35M -11,277 -36%
AR
13
Advisory Research
Illinois
$2.81M – – –
Cohen & Steers
14
Cohen & Steers
New York
$2.79M -$295K -1,415 -7%
PP
15
Prudential plc
United Kingdom
$2.06M – – –
WFI
16
West Family Investments
California
$1.86M +$695K +3,334 +37%
State of New Jersey Common Pension Fund D
17
State of New Jersey Common Pension Fund D
New Jersey
$1.67M – – –
DAC
18
Dividend Assets Capital
South Carolina
$1.65M -$160K -766 -7%
SOAMC
19
Spirit of America Management Corp
New York
$1.55M -$500K -2,400 -19%
FWIA
20
Fort Washington Investment Advisors
Ohio
$1.5M +$1.06M +5,100 +105%
TFCP
21
Twin Focus Capital Partners
Massachusetts
$1.43M +$109K +523 +6%
GC
22
Guggenheim Capital
Illinois
$1.38M +$262K +1,255 +16%
Rafferty Asset Management
23
Rafferty Asset Management
New York
$1.34M +$68.8K +330 +4%
UBS Group
24
UBS Group
Switzerland
$1.32M -$162K -778 -8%
MIM
25
MetLife Investment Management
New Jersey
$1.29M – – –
1
2 3 4

SMC Hedge Fund Activity: Q4 2018 in Review

72 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q4 2018, worth a combined $293M — down 35% from $454M a quarter earlier.

Fund positioning in SMC was balanced in Q4 2018: 16 funds opened new positions, 16 closed out, 20 added to existing stakes and 23 trimmed.

The largest buyer was OppenheimerFunds, adding an estimated $52.1M. The largest seller was Harvest Fund Advisors, exiting entirely with an estimated $31.6M sold.

  • 72 institutional investors held Summit Midstream (SMC) as of Q4 2018, unchanged from Q3 2018.
  • Funds reported $293M of Summit Midstream stock for Q4 2018, down 35% quarter-over-quarter.
  • 16 funds opened new Summit Midstream positions in Q4 2018 and 16 closed out, a net change of 0 holders.
  • The largest Summit Midstream buyer in Q4 2018 was OppenheimerFunds, an estimated $52.1M added.
  • The largest Summit Midstream seller in Q4 2018 was Harvest Fund Advisors, an estimated $31.6M sold.

Based on aggregated 13F filings for Q4 2018.