Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
35 hedge funds and large institutions have $39.1M invested in Salient Midstream & MLP Fund in 2019 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 12 increasing their positions, 6 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
100% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 6
17% more funds holding
Funds holding: 30 → 35 (+5)
14% more capital invested
Capital invested by funds: $34.4M → $39.1M (+$4.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.62M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.3M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$608K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$587K |
| 5 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$554K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.53M |
| 2 |
OC
Oppenheimer & Co
New York
|
-$374K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$255K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$168K |
| 5 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
-$138K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BAS
26
Brown Advisory Securities
Baltimore,
Maryland
| $106K | – | – | – |
|
|
LTFS
27
Ladenburg Thalmann Financial Services
Miami,
Florida
| $98K | -$1.47K | -199 | -2% |
|
|
SCA
28
Snowden Capital Advisors
New York
| $79.8K | +$75.6K | +10,241 | New |
|
|
VWM
29
Venturi Wealth Management
Austin,
Texas
| $78K | – | – | – |
|
|
AAM
30
Advisors Asset Management
Monument,
Colorado
| $72K | – | – | – |
|
|
SIA
31
Sit Investment Associates
Minneapolis,
Minnesota
| $31K | – | – | – |
|
|
LWA
32
Lenox Wealth Advisors
New York
| $27K | +$25.4K | +3,441 | New |
|
|
NFG
33
Next Financial Group
Houston,
Texas
| $14K | – | – | – |
|
34
US Bancorp
Minneapolis,
Minnesota
| $8K | +$7.75K | +1,050 | New |
|
|
ME
35
McIlrath & Eck
Arlington,
Washington
| $2K | – | – | – |
|
|
OC
36
Oppenheimer & Co
New York
| – | -$374K | -47,562 | Closed |
|
|
CFA
37
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$138K | -17,610 | Closed |
|
|
DC
38
Davenport & Co
Richmond,
Virginia
| – | -$87K | -10,105 | Closed |
|
|
AG
39
Advisor Group
Phoenix,
Arizona
| – | -$13K | -1,640 | Closed |
|
SMM Hedge Fund Activity: Q4 2019 in Review
35 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q4 2019, worth a combined $39.1M — up 14% from $34.4M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new SMM positions and 5 closed out — a net gain of 5 holders — while 12 added to existing stakes and 6 trimmed.
The largest buyer was UBS Group, adding an estimated $1.62M. The largest seller was Morgan Stanley, cutting an estimated $1.53M.
- 35 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q4 2019, up from 30 in Q3 2019.
- Funds reported $39.1M of Salient Midstream & MLP Fund stock for Q4 2019, up 14% quarter-over-quarter.
- 10 funds opened new Salient Midstream & MLP Fund positions in Q4 2019 and 5 closed out, a net change of +5 holders.
- The largest Salient Midstream & MLP Fund buyer in Q4 2019 was UBS Group, an estimated $1.62M added.
- The largest Salient Midstream & MLP Fund seller in Q4 2019 was Morgan Stanley, an estimated $1.53M sold.
Based on aggregated 13F filings for Q4 2019.