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SMC

Summit Midstream
SMC

53 hedge funds and large institutions have $118M invested in Summit Midstream in 2019 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 10 increasing their positions, 20 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 53 → 53 (0)

0% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 12

37% less capital invested

Capital invested by funds: $188M → $118M (-$69.4M)

50% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 20

78% less call options, than puts

Call options by funds: $102K | Put options by funds: $454K

Holders
53
Holders Change
–
Holders Change %
0%
% of All Funds
1.16%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
10
Reduced
20
Closed
12
Calls
$102K
Puts
$454K
Net Calls
-$352K
Net Calls Change
+$713K

Top Buyers

1
TCA
Tortoise Capital Advisors
Kansas
+$9.17M
2
Bank of America
Bank of America
North Carolina
+$1.23M
3
Creative Planning
Creative Planning
Kansas
+$519K
4
Cohen & Steers
Cohen & Steers
New York
+$206K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$148K

Top Sellers

1
BC
Brookfield Corp
Ontario, Canada
-$26.3M
2
AR
Advisory Research
Illinois
-$11.1M
3
JP Morgan Chase
JP Morgan Chase
New York
-$1.88M
4
Goldman Sachs
Goldman Sachs
New York
-$624K
5
ECM
Evergreen Capital Management
Washington
-$592K
Name Holding Trade Value Shares
Change 		Change in
Stake
Invesco
1
Invesco
Georgia
$67.8M – – –
BPSG
2
Brookfield Public Securities Group
New York
$16M +$20.1M +218,819 New
TCA
3
Tortoise Capital Advisors
Kansas
$7.28M +$9.17M +99,796 New
Bank of America
4
Bank of America
North Carolina
$5.32M +$1.23M +13,429 +23%
ClearBridge Investments
5
ClearBridge Investments
New York
$3.66M – – –
JP Morgan Chase
6
JP Morgan Chase
New York
$2.1M -$1.88M -20,444 -42%
Cohen & Steers
7
Cohen & Steers
New York
$2.02M +$206K +2,237 +9%
WFI
8
West Family Investments
California
$1.63M – – –
Bank of Montreal
9
Bank of Montreal
Ontario, Canada
$1.49M -$14.8K -161 -0.8%
WHG
10
Westwood Holdings Group
Texas
$1.35M -$159K -1,734 -9%
UBS Group
11
UBS Group
Switzerland
$1.03M -$510K -5,554 -28%
Wells Fargo
12
Wells Fargo
California
$969K -$73.3K -798 -6%
Creative Planning
13
Creative Planning
Kansas
$875K +$519K +5,647 +89%
State of New Jersey Common Pension Fund D
14
State of New Jersey Common Pension Fund D
New Jersey
$808K – – –
California Public Employees Retirement System
15
California Public Employees Retirement System
California
$790K +$63.6K +692 +7%
Jane Street
16
Jane Street
New York
$570K -$41.3K -450 -5%
Citigroup
17
Citigroup
New York
$455K -$237K -2,576 -29%
GC
18
Guggenheim Capital
Illinois
$431K -$251K -2,733 -32%
Susquehanna International Group
19
Susquehanna International Group
Pennsylvania
$384K +$148K +1,610 +44%
EU
20
Emory University
Georgia
$342K -$105K -1,140 -20%
Morgan Stanley
21
Morgan Stanley
New York
$325K -$225K -2,452 -35%
VanEck Associates
22
VanEck Associates
New York
$274K -$100K -1,093 -23%
FWIA
23
Fort Washington Investment Advisors
Ohio
$264K – – –
First Trust Advisors
24
First Trust Advisors
Illinois
$243K -$307K -3,346 -50%
Goldman Sachs
25
Goldman Sachs
New York
$219K -$624K -6,796 -69%
1
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SMC Hedge Fund Activity: Q3 2019 in Review

53 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Summit Midstream (SMC) for Q3 2019, worth a combined $118M — down 37% from $188M a quarter earlier.

Fund positioning in SMC was balanced in Q3 2019: 12 funds opened new positions, 12 closed out, 10 added to existing stakes and 20 trimmed.

The largest buyer was Tortoise Capital Advisors, opening a new position worth an estimated $9.17M. The largest seller was Brookfield Corp, exiting entirely with an estimated $26.3M sold.

  • 53 institutional investors held Summit Midstream (SMC) as of Q3 2019, unchanged from Q2 2019.
  • Funds reported $118M of Summit Midstream stock for Q3 2019, down 37% quarter-over-quarter.
  • 12 funds opened new Summit Midstream positions in Q3 2019 and 12 closed out, a net change of 0 holders.
  • The largest Summit Midstream buyer in Q3 2019 was Tortoise Capital Advisors, an estimated $9.17M added.
  • The largest Summit Midstream seller in Q3 2019 was Brookfield Corp, an estimated $26.3M sold.

Based on aggregated 13F filings for Q3 2019.