Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
29 hedge funds and large institutions have $69.6M invested in Salient Midstream & MLP Fund in 2017 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 8 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
1% less capital invested
Capital invested by funds: $70M → $69.6M (-$441K)
17% less funds holding
Funds holding: 35 → 29 (-6)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.67M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.22M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$978K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$521K |
| 5 |
DWT
Dorsey & Whitney Trust
Sioux Falls,
South Dakota
|
+$473K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.82M |
| 2 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
-$473K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$458K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$453K |
| 5 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$407K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RFM
26
Royal Fund Management
Lady Lake,
Florida
| $15K | – | – | – |
|
|
BWM
27
Baystate Wealth Management
Boston,
Massachusetts
| $14K | – | – | – |
|
28
Creative Planning
Overland Park,
Kansas
| $8K | – | – | – |
|
|
ASN
29
Advisory Services Network
Atlanta,
Georgia
| $7K | +$6.62K | +490 | New |
|
|
IECM
30
Intrinsic Edge Capital Management
Chicago,
Illinois
| – | -$407K | -30,000 | Closed |
|
31
Ameriprise
Minneapolis,
Minnesota
| – | -$322K | -23,734 | Closed |
|
32
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$289K | -21,290 | Closed |
|
|
TC
33
TFS Capital
West Chester,
Pennsylvania
| – | -$255K | -18,788 | Closed |
|
|
PAG
34
Private Advisor Group
Morristown,
New Jersey
| – | -$188K | -13,822 | Closed |
|
|
BW
35
Bison Wealth
Atlanta,
Georgia
| – | -$137K | -10,061 | Closed |
|
36
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$136K | -10,001 | Closed |
|
|
RCM
37
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$109K | -8,000 | Closed |
|
SMM Hedge Fund Activity: Q1 2017 in Review
29 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q1 2017, worth a combined $69.6M — down 0.63% from $70M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SMM and 3 opened new positions — a net loss of 5 holders — while 8 trimmed existing stakes and 8 added.
The largest buyer was Morgan Stanley, adding an estimated $1.67M. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $1.82M.
- 29 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q1 2017, down from 35 in Q4 2016.
- Funds reported $69.6M of Salient Midstream & MLP Fund stock for Q1 2017, down 0.63% quarter-over-quarter.
- 3 funds opened new Salient Midstream & MLP Fund positions in Q1 2017 and 8 closed out, a net change of -5 holders.
- The largest Salient Midstream & MLP Fund buyer in Q1 2017 was Morgan Stanley, an estimated $1.67M added.
- The largest Salient Midstream & MLP Fund seller in Q1 2017 was Thomas J. Herzfeld Advisors, an estimated $1.82M sold.
Based on aggregated 13F filings for Q1 2017.