Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
34 hedge funds and large institutions have $36.8M invested in Salient Midstream & MLP Fund in 2019 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 14 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
3% more funds holding
Funds holding: 33 → 34 (+1)
8% less capital invested
Capital invested by funds: $40.1M → $36.8M (-$3.27M)
36% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.17M |
| 2 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$761K |
| 3 |
ZA
Zazove Associates
Incline Village,
Nevada
|
+$627K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$496K |
| 5 |
VWM
Venturi Wealth Management
Austin,
Texas
|
+$88.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$746K |
| 2 |
Millennium Management
New York
|
-$553K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$516K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$365K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$307K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
UR
26
USCA RIA
Houston,
Texas
| $108K | -$49.7K | -5,635 | -31% |
|
|
RJFSA
27
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| $95K | – | – | – |
|
|
DC
28
Davenport & Co
Richmond,
Virginia
| $87K | – | – | – |
|
|
VWM
29
Venturi Wealth Management
Austin,
Texas
| $86K | +$88.1K | +10,000 | New |
|
|
AAM
30
Advisors Asset Management
Monument,
Colorado
| $79K | -$746K | -84,593 | -90% |
|
|
AG
31
Advisor Group
Phoenix,
Arizona
| $57K | – | – | – |
|
|
NFG
32
Next Financial Group
Houston,
Texas
| $15K | +$15.6K | +1,766 | New |
|
33
Rockefeller Capital Management
New York
| $10K | +$185 | +21 | +2% |
|
|
ME
34
McIlrath & Eck
Arlington,
Washington
| $3K | – | – | – |
|
|
35
Millennium Management
New York
| – | -$553K | -60,147 | Closed |
|
|
MWM
36
Merriman Wealth Management
Seattle,
Washington
| – | -$121K | -13,191 | Closed |
|
SMM Hedge Fund Activity: Q2 2019 in Review
34 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q2 2019, worth a combined $36.8M — down 8.2% from $40.1M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new SMM positions and 2 closed out — a net gain of 1 holder — while 9 added to existing stakes and 14 trimmed.
The largest buyer was Wolverine Asset Management, adding an estimated $1.17M. The largest seller was Advisors Asset Management, cutting an estimated $746K.
- 34 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q2 2019, up from 33 in Q1 2019.
- Funds reported $36.8M of Salient Midstream & MLP Fund stock for Q2 2019, down 8.2% quarter-over-quarter.
- 3 funds opened new Salient Midstream & MLP Fund positions in Q2 2019 and 2 closed out, a net change of +1 holder.
- The largest Salient Midstream & MLP Fund buyer in Q2 2019 was Wolverine Asset Management, an estimated $1.17M added.
- The largest Salient Midstream & MLP Fund seller in Q2 2019 was Advisors Asset Management, an estimated $746K sold.
Based on aggregated 13F filings for Q2 2019.