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SMM

Salient Midstream & MLP Fund
SMM

Delisted

SMM was delisted on the 8th of September, 2022.

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28 hedge funds and large institutions have $75.4M invested in Salient Midstream & MLP Fund in 2015 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 8

20% less funds holding

Funds holding: 35 → 28 (-7)

32% less capital invested

Capital invested by funds: $112M → $75.4M (-$36.1M)

50% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 14

Holders
28
Holders Change
-7
Holders Change %
-20%
% of All Funds
0.78%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
9
Reduced
8
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CWA
Constellation Wealth Advisors
New York
+$5.69M
2
Bank of America
Bank of America
North Carolina
+$3.7M
3
SIA
Sit Investment Associates
Minnesota
+$2.51M
4
UBS Group
UBS Group
Switzerland
+$1.83M
5
Morgan Stanley
Morgan Stanley
New York
+$1.8M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$10M
2
Lazard Asset Management
Lazard Asset Management
New York
-$2.97M
3
Invesco
Invesco
Georgia
-$2.29M
4
AAM
Advisors Asset Management
Colorado
-$1.95M
5
CRC
Curi RMB Capital
Illinois
-$1.25M
Name Holding Trade Value Shares
Change 		Change in
Stake
ECM
26
Estabrook Capital Management
New York
$16K +$19.7K +1,144 New
TRCT
27
Tower Research Capital (TRC)
New York
$13K +$15.6K +904 New
Creative Planning
28
Creative Planning
Kansas
$8K +$9.85K +572 New
KIM
29
Karpus Investment Management
New York
– -$10M -497,096 Closed
Lazard Asset Management
30
Lazard Asset Management
New York
– -$2.97M -147,295 Closed
CRC
31
Curi RMB Capital
Illinois
– -$1.25M -61,826 Closed
WAM
32
Wolverine Asset Management
Illinois
– -$902K -44,752 Closed
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
– -$724K -35,868 Closed
Baird Financial Group
34
Baird Financial Group
Wisconsin
– -$464K -22,998 Closed
TC
35
TFS Capital
Pennsylvania
– -$338K -16,759 Closed
BRWM
36
B. Riley Wealth Management
Tennessee
– -$233K -11,556 Closed
WS
37
Wedbush Securities
California
– -$232K -11,486 Closed
PAG
38
Private Advisor Group
New Jersey
– -$226K -11,200 Closed
SPC
39
Sigma Planning Corp
Michigan
– -$224K -11,125 Closed
LPL Financial
40
LPL Financial
California
– -$200K -10,218 Closed
NFA
41
Nationwide Fund Advisors
Ohio
– -$83K -4,120 Closed
AIG
42
American International Group
New York
– -$60.8K -3,016 Closed
1
2

SMM Hedge Fund Activity: Q3 2015 in Review

28 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q3 2015, worth a combined $75.4M — down 32% from $112M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of SMM and 7 opened new positions — a net loss of 7 holders — while 8 trimmed existing stakes and 9 added.

The largest buyer was Constellation Wealth Advisors, opening a new position worth an estimated $5.69M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $10M sold.

  • 28 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q3 2015, down from 35 in Q2 2015.
  • Funds reported $75.4M of Salient Midstream & MLP Fund stock for Q3 2015, down 32% quarter-over-quarter.
  • 7 funds opened new Salient Midstream & MLP Fund positions in Q3 2015 and 14 closed out, a net change of -7 holders.
  • The largest Salient Midstream & MLP Fund buyer in Q3 2015 was Constellation Wealth Advisors, an estimated $5.69M added.
  • The largest Salient Midstream & MLP Fund seller in Q3 2015 was Karpus Investment Management, an estimated $10M sold.

Based on aggregated 13F filings for Q3 2015.