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SMM

Salient Midstream & MLP Fund
SMM

Delisted

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

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38 hedge funds and large institutions have $12.7M invested in Salient Midstream & MLP Fund in 2020 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 15 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

3% more funds holding

Funds holding: 37 → 38 (+1)

25% less capital invested

Capital invested by funds: $16.9M → $12.7M (-$4.26M)

27% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 15

Holders
38
Holders Change
+1
Holders Change %
+2.7%
% of All Funds
0.77%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
11
Reduced
15
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CCP
Clough Capital Partners
Massachusetts
+$564K
2
MWM
Merriman Wealth Management
Washington
+$320K
3
CRC
Curi RMB Capital
Illinois
+$303K
4
UBS Group
UBS Group
Switzerland
+$208K
5
Millennium Management
Millennium Management
New York
+$80.4K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.6M
2
Wells Fargo
Wells Fargo
California
-$683K
3
CA
Cornerstone Advisors
North Carolina
-$324K
4
Bank of America
Bank of America
North Carolina
-$206K
5
GC
Guggenheim Capital
Illinois
-$192K
Name Holding Trade Value Shares
Change 		Change in
Stake
KWM
26
Kingsview Wealth Management
Oregon
$68K -$8.46K -2,126 -10%
PNC Financial Services Group
27
PNC Financial Services Group
Pennsylvania
$60K – – –
PIA
28
Powell Investment Advisors
Florida
$57K – – –
BAS
29
Brown Advisory Securities
Maryland
$46K +$60 +15 +0.1%
CA
30
Claro Advisors
Massachusetts
$45K -$17.9K -4,500 -26%
SPIA
31
Steward Partners Investment Advisory
New York
$44K – – –
Osaic Holdings
32
Osaic Holdings
Arizona
$36K – – –
VVP
33
Venture Visionary Partners
Ohio
$35K -$19.3K -4,854 -33%
VWM
34
Venturi Wealth Management
Texas
$35K – – –
WAM
35
Wolverine Asset Management
Illinois
$31K +$35.3K +8,882 New
Bank of Montreal
36
Bank of Montreal
Ontario, Canada
$24K -$509 -128 -2%
ME
37
McIlrath & Eck
Washington
$1K – – –
Millennium Management
38
Millennium Management
New York
$71 +$80.4K +20,209 New
CA
39
Cornerstone Advisors
North Carolina
– -$324K -78,400 Closed
Susquehanna International Group
40
Susquehanna International Group
Pennsylvania
– -$74K -17,835 Closed
1
2

SMM Hedge Fund Activity: Q3 2020 in Review

38 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q3 2020, worth a combined $12.7M — down 25% from $16.9M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new SMM positions and 2 closed out — a net gain of 1 holder — while 11 added to existing stakes and 15 trimmed.

The largest buyer was Clough Capital Partners, adding an estimated $564K. The largest seller was Morgan Stanley, cutting an estimated $1.6M.

  • 38 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q3 2020, up from 37 in Q2 2020.
  • Funds reported $12.7M of Salient Midstream & MLP Fund stock for Q3 2020, down 25% quarter-over-quarter.
  • 3 funds opened new Salient Midstream & MLP Fund positions in Q3 2020 and 2 closed out, a net change of +1 holder.
  • The largest Salient Midstream & MLP Fund buyer in Q3 2020 was Clough Capital Partners, an estimated $564K added.
  • The largest Salient Midstream & MLP Fund seller in Q3 2020 was Morgan Stanley, an estimated $1.6M sold.

Based on aggregated 13F filings for Q3 2020.