Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
42 hedge funds and large institutions have $20.1M invested in Salient Midstream & MLP Fund in 2021 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 18 reducing their positions, and 7 closing their positions.
5% more capital invested
Capital invested by funds: $19.1M → $20.1M (+$990K)
2% less funds holding
Funds holding: 43 → 42 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
50% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$600K |
| 2 |
BS
Boenning & Scattergood
West Conshohocken,
Pennsylvania
|
+$273K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$252K |
| 4 |
AA
Advisory Alpha
Holland,
Michigan
|
+$234K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$213K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$977K |
| 2 |
QC
Quantedge Capital
Singapore
|
-$697K |
| 3 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$364K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$309K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$271K |
SMM Hedge Fund Activity: Q1 2021 in Review
42 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q1 2021, worth a combined $20.1M — up 5.2% from $19.1M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of SMM and 6 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 9 added.
The largest buyer was Wolverine Asset Management, adding an estimated $600K. The largest seller was Curi RMB Capital, exiting entirely with an estimated $977K sold.
- 42 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q1 2021, down from 43 in Q4 2020.
- Funds reported $20.1M of Salient Midstream & MLP Fund stock for Q1 2021, up 5.2% quarter-over-quarter.
- 6 funds opened new Salient Midstream & MLP Fund positions in Q1 2021 and 7 closed out, a net change of -1 holder.
- The largest Salient Midstream & MLP Fund buyer in Q1 2021 was Wolverine Asset Management, an estimated $600K added.
- The largest Salient Midstream & MLP Fund seller in Q1 2021 was Curi RMB Capital, an estimated $977K sold.
Based on aggregated 13F filings for Q1 2021.