Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
30 hedge funds and large institutions have $37.3M invested in Salient Midstream & MLP Fund in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 8 closing their positions.
6% less funds holding
Funds holding: 32 → 30 (-2)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
24% less capital invested
Capital invested by funds: $49.1M → $37.3M (-$11.8M)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$414K |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$297K |
| 3 |
Morgan Stanley
New York
|
+$239K |
| 4 |
CCM
Coe Capital Management
Highland Park,
Illinois
|
+$116K |
| 5 |
BAS
Brown Advisory Securities
Baltimore,
Maryland
|
+$99.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.8M |
| 2 |
SG Americas Securities
New York
|
-$709K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$567K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$503K |
| 5 |
UR
USCA RIA
Houston,
Texas
|
-$471K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DADC
26
D.A. Davidson & Co
Great Falls,
Montana
| $15K | +$14.6K | +1,950 | New |
|
|
ECM
27
Estabrook Capital Management
New York
| $9.15K | – | – | – |
|
28
Creative Planning
Overland Park,
Kansas
| $5K | – | – | – |
|
|
KFA
29
Kelleher Financial Advisors
New York
| $4K | +$3.73K | +500 | New |
|
|
MFS
30
MSI Financial Services
Springfield,
Massachusetts
| $3K | – | – | – |
|
|
31
SG Americas Securities
New York
| – | -$709K | -74,382 | Closed |
|
|
UR
32
USCA RIA
Houston,
Texas
| – | -$471K | -49,393 | Closed |
|
|
WAM
33
Weiss Asset Management
Boston,
Massachusetts
| – | -$390K | -40,948 | Closed |
|
|
VKH
34
Virtu KCG Holdings
New York
| – | -$195K | -20,510 | Closed |
|
|
OC
35
Oppenheimer & Co
New York
| – | -$131K | -13,800 | Closed |
|
|
PAG
36
Private Advisor Group
Morristown,
New Jersey
| – | -$126K | -13,209 | Closed |
|
|
BRWM
37
B. Riley Wealth Management
Memphis,
Tennessee
| – | -$117K | -12,362 | Closed |
|
|
TRCT
38
Tower Research Capital (TRC)
New York
| – | -$42K | -4,398 | Closed |
|
SMM Hedge Fund Activity: Q1 2016 in Review
30 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q1 2016, worth a combined $37.3M — down 24% from $49.1M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SMM and 6 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 8 added.
The largest buyer was Sit Investment Associates, adding an estimated $414K. The largest seller was Advisors Asset Management, cutting an estimated $1.8M.
- 30 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q1 2016, down from 32 in Q4 2015.
- Funds reported $37.3M of Salient Midstream & MLP Fund stock for Q1 2016, down 24% quarter-over-quarter.
- 6 funds opened new Salient Midstream & MLP Fund positions in Q1 2016 and 8 closed out, a net change of -2 holders.
- The largest Salient Midstream & MLP Fund buyer in Q1 2016 was Sit Investment Associates, an estimated $414K added.
- The largest Salient Midstream & MLP Fund seller in Q1 2016 was Advisors Asset Management, an estimated $1.8M sold.
Based on aggregated 13F filings for Q1 2016.