Summit Midstream
SMC
53 hedge funds and large institutions have $188M invested in Summit Midstream in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 20 reducing their positions, and 17 closing their positions.
18% less funds holding
Funds holding: 65 → 53 (-12)
20% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 20
31% less capital invested
Capital invested by funds: $271M → $188M (-$82.8M)
65% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 17
87% less call options, than puts
Call options by funds: $161K | Put options by funds: $1.23M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$113M |
| 2 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$3.49M |
| 3 |
JP Morgan Chase
New York
|
+$2.06M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.3M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$972K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$8.8M |
| 2 |
Goldman Sachs
New York
|
-$7.18M |
| 3 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$6.73M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$4.87M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$2.3M |
SMC Hedge Fund Activity: Q2 2019 in Review
53 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q2 2019, worth a combined $188M — down 31% from $271M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of SMC and 6 opened new positions — a net loss of 11 holders — while 20 trimmed existing stakes and 16 added.
The largest buyer was Invesco, opening a new position worth an estimated $113M. The largest seller was Kayne Anderson Capital Advisors, exiting entirely with an estimated $8.8M sold.
- 53 institutional investors held Summit Midstream (SMC) as of Q2 2019, down from 65 in Q1 2019.
- Funds reported $188M of Summit Midstream stock for Q2 2019, down 31% quarter-over-quarter.
- 6 funds opened new Summit Midstream positions in Q2 2019 and 17 closed out, a net change of -11 holders.
- The largest Summit Midstream buyer in Q2 2019 was Invesco, an estimated $113M added.
- The largest Summit Midstream seller in Q2 2019 was Kayne Anderson Capital Advisors, an estimated $8.8M sold.
Based on aggregated 13F filings for Q2 2019.