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SMM

Salient Midstream & MLP Fund
SMM

Delisted

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

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37 hedge funds and large institutions have $54.2M invested in Salient Midstream & MLP Fund in 2017 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 10

13% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 8

3% more funds holding

Funds holding: 36 → 37 (+1)

15% less capital invested

Capital invested by funds: $63.8M → $54.2M (-$9.65M)

Holders
37
Holders Change
+1
Holders Change %
+2.78%
% of All Funds
0.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
12
Reduced
10
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.97M
2
Wells Fargo
Wells Fargo
California
+$683K
3
ACM
AlphaStar Capital Management
North Carolina
+$387K
4
WAM
Weiss Asset Management
Massachusetts
+$305K
5
Invesco
Invesco
Georgia
+$304K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$3.57M
2
UBS Group
UBS Group
Switzerland
-$2.43M
3
Stifel Financial
Stifel Financial
Missouri
-$1.95M
4
AAM
Advisors Asset Management
Colorado
-$1.55M
5
GC
Guggenheim Capital
Illinois
-$1.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
JMPWA
26
JP Morgan Private Wealth Advisors
California
$144K +$138K +13,000 New
Geode Capital Management
27
Geode Capital Management
Massachusetts
$129K -$93.3K -8,765 -43%
Millennium Management
28
Millennium Management
New York
$127K +$122K +11,492 New
LTFS
29
Ladenburg Thalmann Financial Services
Florida
$125K +$13.8K +1,301 +13%
CRC
30
Curi RMB Capital
Illinois
$123K +$119K +11,200 New
UR
31
USCA RIA
Texas
$112K +$108K +10,135 New
AG
32
Advisor Group
Arizona
$40K +$21.3K +2,000 +122%
BFEC
33
Benjamin F. Edwards & Company
Missouri
$31K – – –
FCB
34
First Command Bank
Texas
$19K – – –
FCFS
35
First Command Financial Services
Texas
$19K – – –
SFSIG
36
San Francisco Sentry Investment Group
California
$16K – – –
RFM
37
Royal Fund Management
Florida
$12K – – –
TSW
38
Thompson Siegel & Walmsley
Virginia
$6K – – –
ASN
39
Advisory Services Network
Georgia
$6K +$138 +13 +3%
Brown Advisory
40
Brown Advisory
Maryland
– -$159K -13,781 Closed
BCM
41
Bienville Capital Management
New York
– -$150K -13,000 Closed
BAS
42
Brown Advisory Securities
Maryland
– -$144K -12,422 Closed
Citadel Advisors
43
Citadel Advisors
Florida
– -$140K -12,083 Closed
VF
44
Virtu Financial
New York
– -$133K -11,535 Closed
RCM
45
Robinson Capital Management
Michigan
– -$116K -10,000 Closed
ECM
46
Estabrook Capital Management
New York
– -$13.2K -1,144 Closed
FMII
47
Farmers & Merchants Investments Inc
Nebraska
– -$12K -1,000 Closed
1
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SMM Hedge Fund Activity: Q4 2017 in Review

37 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q4 2017, worth a combined $54.2M — down 15% from $63.8M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new SMM positions and 8 closed out — a net gain of 1 holder — while 12 added to existing stakes and 10 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.97M. The largest seller was Sit Investment Associates, cutting an estimated $3.57M.

  • 37 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q4 2017, up from 36 in Q3 2017.
  • Funds reported $54.2M of Salient Midstream & MLP Fund stock for Q4 2017, down 15% quarter-over-quarter.
  • 9 funds opened new Salient Midstream & MLP Fund positions in Q4 2017 and 8 closed out, a net change of +1 holder.
  • The largest Salient Midstream & MLP Fund buyer in Q4 2017 was Morgan Stanley, an estimated $1.97M added.
  • The largest Salient Midstream & MLP Fund seller in Q4 2017 was Sit Investment Associates, an estimated $3.57M sold.

Based on aggregated 13F filings for Q4 2017.