Summit Midstream
SMC
65 hedge funds and large institutions have $271M invested in Summit Midstream in 2019 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 23 increasing their positions, 15 reducing their positions, and 18 closing their positions.
53% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 15
8% less capital invested
Capital invested by funds: $293M → $271M (-$22.4M)
10% less funds holding
Funds holding: 72 → 65 (-7)
26% less call options, than puts
Call options by funds: $1.69M | Put options by funds: $2.29M
33% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 18
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AR
Advisory Research
Chicago,
Illinois
|
+$14.3M |
| 2 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$10.1M |
| 3 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$8.12M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$4.14M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
HMI Capital Management
San Francisco,
California
|
-$20.9M |
| 2 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$16.9M |
| 3 |
JP Morgan Chase
New York
|
-$5.58M |
| 4 |
Goldman Sachs
New York
|
-$4.88M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$3.12M |
SMC Hedge Fund Activity: Q1 2019 in Review
65 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q1 2019, worth a combined $271M — down 7.7% from $293M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of SMC and 12 opened new positions — a net loss of 6 holders — while 15 trimmed existing stakes and 23 added.
The largest buyer was Advisory Research, adding an estimated $14.3M. The largest seller was HMI Capital Management, exiting entirely with an estimated $20.9M sold.
- 65 institutional investors held Summit Midstream (SMC) as of Q1 2019, down from 72 in Q4 2018.
- Funds reported $271M of Summit Midstream stock for Q1 2019, down 7.7% quarter-over-quarter.
- 12 funds opened new Summit Midstream positions in Q1 2019 and 18 closed out, a net change of -6 holders.
- The largest Summit Midstream buyer in Q1 2019 was Advisory Research, an estimated $14.3M added.
- The largest Summit Midstream seller in Q1 2019 was HMI Capital Management, an estimated $20.9M sold.
Based on aggregated 13F filings for Q1 2019.