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SMM

Salient Midstream & MLP Fund
SMM

Delisted

SMM was delisted on the 8th of September, 2022.

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36 hedge funds and large institutions have $63.8M invested in Salient Midstream & MLP Fund in 2017 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 5

71% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 7

9% more funds holding

Funds holding: 33 → 36 (+3)

2% less capital invested

Capital invested by funds: $65M → $63.8M (-$1.19M)

Holders
36
Holders Change
+3
Holders Change %
+9.09%
% of All Funds
0.9%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
12
Reduced
7
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AA
Advisory Alpha
Michigan
+$1.95M
2
Invesco
Invesco
Georgia
+$1.53M
3
TJHA
Thomas J. Herzfeld Advisors
Florida
+$970K
4
SIA
Sit Investment Associates
Minnesota
+$879K
5
Stifel Financial
Stifel Financial
Missouri
+$395K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$2.63M
2
AAM
Advisors Asset Management
Colorado
-$1.43M
3
GC
Guggenheim Capital
Illinois
-$1.2M
4
Morgan Stanley
Morgan Stanley
New York
-$820K
5
SCA
Salient Capital Advisors
Texas
-$490K
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$116K +$13.5K +1,191 +14%
RCM
27
Robinson Capital Management
Michigan
$116K +$114K +10,000 New
BFEC
28
Benjamin F. Edwards & Company
Missouri
$33K +$205 +18 +0.6%
FCB
29
First Command Bank
Texas
$20K – – –
FCFS
30
First Command Financial Services
Texas
$20K – – –
AG
31
Advisor Group
Arizona
$19K – – –
SFSIG
32
San Francisco Sentry Investment Group
California
$17K – – –
ECM
33
Estabrook Capital Management
New York
$13.2K – – –
RFM
34
Royal Fund Management
Florida
$13K – – –
FMII
35
Farmers & Merchants Investments Inc
Nebraska
$12K – – –
ASN
36
Advisory Services Network
Georgia
$6K +$125 +11 +2%
TSW
37
Thompson Siegel & Walmsley
Virginia
$6K +$6.31K +555 New
SCA
38
Salient Capital Advisors
Texas
– -$490K -41,794 Closed
TC
39
TFS Capital
Pennsylvania
– -$136K -11,621 Closed
CPA
40
Clear Perspective Advisors
Illinois
– -$31K -2,677 Closed
WAM
41
Wolverine Asset Management
Illinois
– -$26K -2,227 Closed
DADC
42
D.A. Davidson & Co
Montana
– -$22K -1,950 Closed
1
2

SMM Hedge Fund Activity: Q3 2017 in Review

36 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q3 2017, worth a combined $63.8M — down 1.8% from $65M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new SMM positions and 5 closed out — a net gain of 4 holders — while 12 added to existing stakes and 7 trimmed.

The largest buyer was Advisory Alpha, opening a new position worth an estimated $1.95M. The largest seller was UBS Group, cutting an estimated $2.63M.

  • 36 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q3 2017, up from 33 in Q2 2017.
  • Funds reported $63.8M of Salient Midstream & MLP Fund stock for Q3 2017, down 1.8% quarter-over-quarter.
  • 9 funds opened new Salient Midstream & MLP Fund positions in Q3 2017 and 5 closed out, a net change of +4 holders.
  • The largest Salient Midstream & MLP Fund buyer in Q3 2017 was Advisory Alpha, an estimated $1.95M added.
  • The largest Salient Midstream & MLP Fund seller in Q3 2017 was UBS Group, an estimated $2.63M sold.

Based on aggregated 13F filings for Q3 2017.