Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
35 hedge funds and large institutions have $112M invested in Salient Midstream & MLP Fund in 2015 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 9 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
67% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 9
9% more funds holding
Funds holding: 32 → 35 (+3)
1% more capital invested
Capital invested by funds: $110M → $112M (+$1.53M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.5M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$3.51M |
| 3 |
Lazard Asset Management
New York
|
+$3.24M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.36M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$817K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$3.57M |
| 2 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$2.24M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$2.11M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.45M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$315K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PAG
26
Private Advisor Group
Morristown,
New Jersey
| $226K | +$246K | +11,200 | New |
|
|
SPC
27
Sigma Planning Corp
Ann Arbor,
Michigan
| $224K | -$49.9K | -2,271 | -17% |
|
|
SCA
28
Salient Capital Advisors
Houston,
Texas
| $222K | – | – | – |
|
|
BAS
29
Brown Advisory Securities
Baltimore,
Maryland
| $206K | -$13.2K | -600 | -6% |
|
30
LPL Financial
San Diego,
California
| $200K | -$37.3K | -1,700 | -14% |
|
|
NFA
31
Nationwide Fund Advisors
Columbus,
Ohio
| $83K | +$90.5K | +4,120 | New |
|
|
AIG
32
American International Group
New York
| $60.8K | +$351 | +16 | +0.5% |
|
|
JIC
33
Joel Isaacson & Co
New York
| $40K | – | – | – |
|
|
GWM
34
Gupta Wealth Management
San Diego,
California
| $25K | – | – | – |
|
|
BA
35
BlackRock Advisors
Wilmington,
Delaware
| $20K | +$22K | +1,000 | New |
|
|
VKH
36
Virtu KCG Holdings
New York
| – | -$315K | -14,544 | Closed |
|
|
BTS
37
BB&T Securities
Richmond,
Virginia
| – | -$2.24M | -10,326 | Closed |
|
38
Creative Planning
Overland Park,
Kansas
| – | -$35K | -1,613 | Closed |
|
SMM Hedge Fund Activity: Q2 2015 in Review
35 of the 3,713 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q2 2015, worth a combined $112M — up 1.4% from $110M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new SMM positions and 4 closed out — a net gain of 4 holders — while 15 added to existing stakes and 9 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $7.5M. The largest seller was Advisors Asset Management, cutting an estimated $3.57M.
- 35 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q2 2015, up from 32 in Q1 2015.
- Funds reported $112M of Salient Midstream & MLP Fund stock for Q2 2015, up 1.4% quarter-over-quarter.
- 8 funds opened new Salient Midstream & MLP Fund positions in Q2 2015 and 4 closed out, a net change of +4 holders.
- The largest Salient Midstream & MLP Fund buyer in Q2 2015 was Karpus Investment Management, an estimated $7.5M added.
- The largest Salient Midstream & MLP Fund seller in Q2 2015 was Advisors Asset Management, an estimated $3.57M sold.
Based on aggregated 13F filings for Q2 2015.