Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
30 hedge funds and large institutions have $34.4M invested in Salient Midstream & MLP Fund in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 8 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
7% less capital invested
Capital invested by funds: $36.8M → $34.4M (-$2.41M)
12% less funds holding
Funds holding: 34 → 30 (-4)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$2.61M |
| 2 |
Morgan Stanley
New York
|
+$1.11M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$650K |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
+$296K |
| 5 |
RTS
Round Table Services
Westfield,
New Jersey
|
+$243K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.78M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.32M |
| 3 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
-$1.03M |
| 4 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$574K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$433K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AAM
26
Advisors Asset Management
Monument,
Colorado
| $73K | – | – | – |
|
|
SIA
27
Sit Investment Associates
Minneapolis,
Minnesota
| $31K | +$32.3K | +4,000 | New |
|
|
NFG
28
Next Financial Group
Houston,
Texas
| $14K | – | – | – |
|
|
AG
29
Advisor Group
Phoenix,
Arizona
| $13K | -$40.4K | -5,000 | -75% |
|
|
ME
30
McIlrath & Eck
Arlington,
Washington
| $2K | – | – | – |
|
|
TJHA
31
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$1.32M | -153,746 | Closed |
|
|
SBH
32
Segall Bryant & Hamill
Chicago,
Illinois
| – | -$1.03M | -119,475 | Closed |
|
33
Stifel Financial
St. Louis,
Missouri
| – | -$241K | -28,259 | Closed |
|
|
MHS
34
M Holdings Securities
Portland,
Oregon
| – | -$203K | -23,688 | Closed |
|
|
UR
35
USCA RIA
Houston,
Texas
| – | -$108K | -12,600 | Closed |
|
|
RJFSA
36
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$95K | -11,103 | Closed |
|
37
Rockefeller Capital Management
New York
| – | -$10K | -1,114 | Closed |
|
38
Fidelity Investments
Boston,
Massachusetts
| – | +$8 | +1 | New |
|
SMM Hedge Fund Activity: Q3 2019 in Review
30 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q3 2019, worth a combined $34.4M — down 6.5% from $36.8M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SMM and 4 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 8 added.
The largest buyer was Kayne Anderson Capital Advisors, adding an estimated $2.61M. The largest seller was UBS Group, cutting an estimated $1.78M.
- 30 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q3 2019, down from 34 in Q2 2019.
- Funds reported $34.4M of Salient Midstream & MLP Fund stock for Q3 2019, down 6.5% quarter-over-quarter.
- 4 funds opened new Salient Midstream & MLP Fund positions in Q3 2019 and 8 closed out, a net change of -4 holders.
- The largest Salient Midstream & MLP Fund buyer in Q3 2019 was Kayne Anderson Capital Advisors, an estimated $2.61M added.
- The largest Salient Midstream & MLP Fund seller in Q3 2019 was UBS Group, an estimated $1.78M sold.
Based on aggregated 13F filings for Q3 2019.