Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
32 hedge funds and large institutions have $110M invested in Salient Midstream & MLP Fund in 2015 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 6 reducing their positions, and 5 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 6
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
14% more funds holding
Funds holding: 28 → 32 (+4)
1% less capital invested
Capital invested by funds: $111M → $110M (-$1.31M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$4.84M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.72M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.46M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$651K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$324K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$3.37M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$728K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$603K |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$364K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$218K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BRWM
26
B. Riley Wealth Management
Memphis,
Tennessee
| $213K | +$18.9K | +850 | +9% |
|
27
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $154K | +$66.1K | +2,970 | +72% |
|
28
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $110K | +$102K | +4,568 | +914% |
|
|
AIG
29
American International Group
New York
| $65K | +$66.8K | +3,000 | New |
|
|
JIC
30
Joel Isaacson & Co
New York
| $43K | – | – | – |
|
31
Creative Planning
Overland Park,
Kansas
| $35K | +$23.2K | +1,041 | +182% |
|
|
GWM
32
Gupta Wealth Management
San Diego,
California
| $27K | +$27.8K | +1,250 | New |
|
|
33
BNP Paribas Financial Markets
Paris,
France
| – | -$364K | -15,160 | Closed |
|
|
AW
34
ACG Wealth
Atlanta,
Georgia
| – | -$217K | -9,059 | Closed |
|
35
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$21K | -858 | Closed |
|
|
NPC
36
National Planning Corporation
El Segundo,
California
| – | -$11.7K | -500 | Closed |
|
|
BIM
37
BlackRock Investment Management
Wilmington,
Delaware
| – | -$1K | -48 | Closed |
|
|
MAA
38
Managed Account Advisors
Jersey City,
New Jersey
| – | +$89 | +4 | New |
|
SMM Hedge Fund Activity: Q1 2015 in Review
32 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q1 2015, worth a combined $110M — down 1.2% from $111M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new SMM positions and 5 closed out — a net gain of 4 holders — while 15 added to existing stakes and 6 trimmed.
The largest buyer was UBS Group, adding an estimated $4.84M. The largest seller was Advisors Asset Management, cutting an estimated $3.37M.
- 32 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q1 2015, up from 28 in Q4 2014.
- Funds reported $110M of Salient Midstream & MLP Fund stock for Q1 2015, down 1.2% quarter-over-quarter.
- 9 funds opened new Salient Midstream & MLP Fund positions in Q1 2015 and 5 closed out, a net change of +4 holders.
- The largest Salient Midstream & MLP Fund buyer in Q1 2015 was UBS Group, an estimated $4.84M added.
- The largest Salient Midstream & MLP Fund seller in Q1 2015 was Advisors Asset Management, an estimated $3.37M sold.
Based on aggregated 13F filings for Q1 2015.