Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
30 hedge funds and large institutions have $54.5M invested in Salient Midstream & MLP Fund in 2016 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 3 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 7
46% more capital invested
Capital invested by funds: $37.3M → $54.5M (+$17.2M)
0% more funds holding
Funds holding: 30 → 30 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.11M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$940K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$479K |
| 4 |
OC
Oppenheimer & Co
New York
|
+$342K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$266K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$991K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$812K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$361K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$251K |
| 5 |
Morgan Stanley
New York
|
-$139K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JIC
26
Joel Isaacson & Co
New York
| $22K | – | – | – |
|
|
DADC
27
D.A. Davidson & Co
Great Falls,
Montana
| $21K | – | – | – |
|
|
ECM
28
Estabrook Capital Management
New York
| $12.8K | – | – | – |
|
29
Creative Planning
Overland Park,
Kansas
| $6K | – | – | – |
|
|
MFS
30
MSI Financial Services
Springfield,
Massachusetts
| $4K | +$109 | +11 | +3% |
|
31
LPL Financial
San Diego,
California
| – | -$135K | -18,436 | Closed |
|
32
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$64K | -8,000 | Closed |
|
|
KFA
33
Kelleher Financial Advisors
New York
| – | -$4K | -500 | Closed |
|
SMM Hedge Fund Activity: Q2 2016 in Review
30 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q2 2016, worth a combined $54.5M — up 46% from $37.3M a quarter earlier.
Fund positioning in SMM was balanced in Q2 2016: 3 funds opened new positions, 3 closed out, 14 added to existing stakes and 7 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.11M. The largest seller was Bank of America, cutting an estimated $991K.
- 30 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q2 2016, unchanged from Q1 2016.
- Funds reported $54.5M of Salient Midstream & MLP Fund stock for Q2 2016, up 46% quarter-over-quarter.
- 3 funds opened new Salient Midstream & MLP Fund positions in Q2 2016 and 3 closed out, a net change of 0 holders.
- The largest Salient Midstream & MLP Fund buyer in Q2 2016 was Sit Investment Associates, an estimated $2.11M added.
- The largest Salient Midstream & MLP Fund seller in Q2 2016 was Bank of America, an estimated $991K sold.
Based on aggregated 13F filings for Q2 2016.