Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
33 hedge funds and large institutions have $65M invested in Salient Midstream & MLP Fund in 2017 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
14% more funds holding
Funds holding: 29 → 33 (+4)
7% less capital invested
Capital invested by funds: $69.6M → $65M (-$4.56M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$2.06M |
| 2 |
Morgan Stanley
New York
|
+$1.24M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.07M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.04M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$392K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.75M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$296K |
| 3 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
-$100K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$94.1K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$80.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WA
26
WFG Advisors
Dallas,
Texas
| $21K | -$14.3K | -1,144 | -38% |
|
|
FCB
27
First Command Bank
Fort Worth,
Texas
| $20K | – | – | – |
|
|
FCFS
28
First Command Financial Services
Fort Worth,
Texas
| $20K | – | – | – |
|
|
AG
29
Advisor Group
Phoenix,
Arizona
| $19K | +$20.5K | +1,640 | New |
|
|
SFSIG
30
San Francisco Sentry Investment Group
San Francisco,
California
| $17K | – | – | – |
|
|
ECM
31
Estabrook Capital Management
New York
| $13.4K | – | – | – |
|
|
RFM
32
Royal Fund Management
Lady Lake,
Florida
| $13K | – | – | – |
|
|
FMII
33
Farmers & Merchants Investments Inc
Lincoln,
Nebraska
| $12K | +$12.5K | +1,000 | New |
|
|
ASN
34
Advisory Services Network
Atlanta,
Georgia
| $6K | +$113 | +9 | +2% |
|
|
BWM
35
Baystate Wealth Management
Boston,
Massachusetts
| – | -$14K | -1,072 | Closed |
|
36
Creative Planning
Overland Park,
Kansas
| – | -$8K | -572 | Closed |
|
SMM Hedge Fund Activity: Q2 2017 in Review
33 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q2 2017, worth a combined $65M — down 6.6% from $69.6M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new SMM positions and 2 closed out — a net gain of 4 holders — while 12 added to existing stakes and 8 trimmed.
The largest buyer was Stifel Financial, adding an estimated $2.06M. The largest seller was UBS Group, cutting an estimated $1.75M.
- 33 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q2 2017, up from 29 in Q1 2017.
- Funds reported $65M of Salient Midstream & MLP Fund stock for Q2 2017, down 6.6% quarter-over-quarter.
- 6 funds opened new Salient Midstream & MLP Fund positions in Q2 2017 and 2 closed out, a net change of +4 holders.
- The largest Salient Midstream & MLP Fund buyer in Q2 2017 was Stifel Financial, an estimated $2.06M added.
- The largest Salient Midstream & MLP Fund seller in Q2 2017 was UBS Group, an estimated $1.75M sold.
Based on aggregated 13F filings for Q2 2017.