Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
28 hedge funds and large institutions have $111M invested in Salient Midstream & MLP Fund in 2014 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 10 increasing their positions, 0 reducing their positions, and 7 closing their positions.
100% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 7
53% more capital invested
Capital invested by funds: $72.6M → $111M (+$38.7M)
27% more funds holding
Funds holding: 22 → 28 (+6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$21.8M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$12.2M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$5.97M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$2.46M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.29M |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$661K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$30K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$24K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$22K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $12K | – | – | – |
|
|
NPC
27
National Planning Corporation
El Segundo,
California
| $11.7K | +$12.8K | +500 | New |
|
|
BIM
28
BlackRock Investment Management
Wilmington,
Delaware
| $1K | +$1.23K | +48 | New |
|
|
SIA
29
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$4.29M | -146,882 | Closed |
|
|
TC
30
TFS Capital
West Chester,
Pennsylvania
| – | -$661K | -22,648 | Closed |
|
|
LTFS
31
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$30K | -1,019 | Closed |
|
|
WAM
32
Wolverine Asset Management
Chicago,
Illinois
| – | -$24K | -830 | Closed |
|
|
33
Envestnet Asset Management
Chicago,
Illinois
| – | -$22K | -747 | Closed |
|
34
Ameriprise
Minneapolis,
Minnesota
| – | -$19K | -649 | Closed |
|
35
Barclays
London,
United Kingdom
| – | -$14K | -475 | Closed |
|
SMM Hedge Fund Activity: Q4 2014 in Review
28 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q4 2014, worth a combined $111M — up 53% from $72.6M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new SMM positions and 7 closed out — a net gain of 7 holders — while 10 added to existing stakes and 0 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $21.8M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $4.29M sold.
- 28 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q4 2014, up from 22 in Q3 2014.
- Funds reported $111M of Salient Midstream & MLP Fund stock for Q4 2014, up 53% quarter-over-quarter.
- 14 funds opened new Salient Midstream & MLP Fund positions in Q4 2014 and 7 closed out, a net change of +7 holders.
- The largest Salient Midstream & MLP Fund buyer in Q4 2014 was Guggenheim Capital, an estimated $21.8M added.
- The largest Salient Midstream & MLP Fund seller in Q4 2014 was Sit Investment Associates, an estimated $4.29M sold.
Based on aggregated 13F filings for Q4 2014.