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SMM

Salient Midstream & MLP Fund
SMM

Delisted

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

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33 hedge funds and large institutions have $40.1M invested in Salient Midstream & MLP Fund in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 18 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more capital invested

Capital invested by funds: $34.6M → $40.1M (+$5.46M)

13% less funds holding

Funds holding: 38 → 33 (-5)

50% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 8

56% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 18

Holders
33
Holders Change
-5
Holders Change %
-13.16%
% of All Funds
0.71%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
8
Reduced
18
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MC
Matisse Capital
Oregon
+$1.89M
2
Morgan Stanley
Morgan Stanley
New York
+$1.54M
3
Millennium Management
Millennium Management
New York
+$534K
4
KACA
Kayne Anderson Capital Advisors
California
+$88.8K
5
Wells Fargo
Wells Fargo
California
+$67.5K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$1.71M
2
PAG
Private Advisor Group
New Jersey
-$569K
3
WAM
Wolverine Asset Management
Illinois
-$503K
4
GC
Guggenheim Capital
Illinois
-$414K
5
Invesco
Invesco
Georgia
-$344K
Name Holding Trade Value Shares
Change 		Change in
Stake
BAS
26
Brown Advisory Securities
Maryland
$126K -$24K -2,700 -16%
MWM
27
Merriman Wealth Management
Washington
$121K -$333K -37,500 -74%
LTFS
28
Ladenburg Thalmann Financial Services
Florida
$111K +$7.11K +800 +7%
RJFSA
29
Raymond James Financial Services Advisors
Florida
$102K +$7.76K +874 +9%
DC
30
Davenport & Co
Virginia
$93K – – –
AG
31
Advisor Group
Arizona
$61K -$88.8K -10,000 -60%
WAM
32
Wolverine Asset Management
Illinois
$36K -$503K -56,603 -93%
Rockefeller Capital Management
33
Rockefeller Capital Management
New York
$10K +$9.71K +1,093 New
ME
34
McIlrath & Eck
Washington
$3K +$2.58K +290 New
ST
35
Sentinel Trust
Texas
– -$278K -37,657 Closed
DWT
36
Dorsey & Whitney Trust
South Dakota
– -$259K -35,050 Closed
WAM
37
Weiss Asset Management
Massachusetts
– -$195K -26,390 Closed
RJA
38
Raymond James & Associates
Florida
– -$176K -23,789 Closed
LCM
39
Landscape Capital Management
New Jersey
– -$81K -10,998 Closed
Brown Advisory
40
Brown Advisory
Maryland
– -$77K -10,332 Closed
Geode Capital Management
41
Geode Capital Management
Massachusetts
– -$74K -10,083 Closed
NFG
42
Next Financial Group
Texas
– -$5K -666 Closed
1
2

SMM Hedge Fund Activity: Q1 2019 in Review

33 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q1 2019, worth a combined $40.1M — up 16% from $34.6M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of SMM and 4 opened new positions — a net loss of 4 holders — while 18 trimmed existing stakes and 8 added.

The largest buyer was Matisse Capital, opening a new position worth an estimated $1.89M. The largest seller was UBS Group, cutting an estimated $1.71M.

  • 33 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q1 2019, down from 38 in Q4 2018.
  • Funds reported $40.1M of Salient Midstream & MLP Fund stock for Q1 2019, up 16% quarter-over-quarter.
  • 4 funds opened new Salient Midstream & MLP Fund positions in Q1 2019 and 8 closed out, a net change of -4 holders.
  • The largest Salient Midstream & MLP Fund buyer in Q1 2019 was Matisse Capital, an estimated $1.89M added.
  • The largest Salient Midstream & MLP Fund seller in Q1 2019 was UBS Group, an estimated $1.71M sold.

Based on aggregated 13F filings for Q1 2019.