Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
32 hedge funds and large institutions have $49.1M invested in Salient Midstream & MLP Fund in 2015 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
14% more funds holding
Funds holding: 28 → 32 (+4)
35% less capital invested
Capital invested by funds: $75.4M → $49.1M (-$26.3M)
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
+$5.2M |
| 2 |
Morgan Stanley
New York
|
+$1.11M |
| 3 |
SG Americas Securities
New York
|
+$953K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$826K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$566K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$4.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.07M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$1.19M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$958K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$826K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BW
26
Bison Wealth
Atlanta,
Georgia
| $116K | +$157K | +12,223 | New |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $42K | +$44.8K | +3,494 | +387% |
|
|
S
28
SignatureFD
Atlanta,
Georgia
| $29K | – | – | – |
|
|
JIC
29
Joel Isaacson & Co
New York
| $19K | – | – | – |
|
|
ECM
30
Estabrook Capital Management
New York
| $10.9K | – | – | – |
|
31
Creative Planning
Overland Park,
Kansas
| $5K | – | – | – |
|
|
MFS
32
MSI Financial Services
Springfield,
Massachusetts
| $3K | +$4.48K | +350 | New |
|
33
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$225K | -16,111 | Closed |
|
|
BAS
34
Brown Advisory Securities
Baltimore,
Maryland
| – | -$144K | -10,300 | Closed |
|
|
GWM
35
Greenwich Wealth Management
Greenwich,
Connecticut
| – | -$142K | -10,159 | Closed |
|
|
GWM
36
Gupta Wealth Management
San Diego,
California
| – | -$17K | -1,250 | Closed |
|
|
BA
37
BlackRock Advisors
Wilmington,
Delaware
| – | -$17K | -1,220 | Closed |
|
SMM Hedge Fund Activity: Q4 2015 in Review
32 of the 3,813 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q4 2015, worth a combined $49.1M — down 35% from $75.4M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new SMM positions and 5 closed out — a net gain of 5 holders — while 7 added to existing stakes and 11 trimmed.
The largest buyer was Segall Bryant & Hamill, opening a new position worth an estimated $5.2M. The largest seller was UBS Group, cutting an estimated $4.1M.
- 32 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q4 2015, up from 28 in Q3 2015.
- Funds reported $49.1M of Salient Midstream & MLP Fund stock for Q4 2015, down 35% quarter-over-quarter.
- 10 funds opened new Salient Midstream & MLP Fund positions in Q4 2015 and 5 closed out, a net change of +5 holders.
- The largest Salient Midstream & MLP Fund buyer in Q4 2015 was Segall Bryant & Hamill, an estimated $5.2M added.
- The largest Salient Midstream & MLP Fund seller in Q4 2015 was UBS Group, an estimated $4.1M sold.
Based on aggregated 13F filings for Q4 2015.