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SMM

Salient Midstream & MLP Fund
SMM

Delisted

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

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39 hedge funds and large institutions have $29.6M invested in Salient Midstream & MLP Fund in 2021 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 14 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 4

36% more capital invested

Capital invested by funds: $21.9M → $29.6M (+$7.77M)

5% more funds holding

Funds holding: 37 → 39 (+2)

50% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 14

Holders
39
Holders Change
+2
Holders Change %
+5.41%
% of All Funds
0.68%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
7
Reduced
14
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$7.9M
2
QC
Quantedge Capital
Singapore
+$1.05M
3
SKK
Shepherd Kaplan Krochuk
Massachusetts
+$349K
4
ZIM
Zacks Investment Management
Illinois
+$185K
5
Morgan Stanley
Morgan Stanley
New York
+$171K

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$2.11M
2
MIG
Mariner Investment Group
New York
-$590K
3
BS
Boenning & Scattergood
Pennsylvania
-$323K
4
PAG
Private Advisor Group
New Jersey
-$283K
5
Invesco
Invesco
Georgia
-$233K
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$123K -$8.1K -1,399 -7%
LPL Financial
27
LPL Financial
California
$105K – – –
PIA
28
Powell Investment Advisors
Florida
$104K – – –
QOP
29
Quinn Opportunity Partners
Virginia
$102K – – –
RIM
30
Regent Investment Management
Kentucky
$102K – – –
MC
31
Moors & Cabot
Massachusetts
$92K -$1.16K -200 -1%
BAS
32
Brown Advisory Securities
Maryland
$78K -$6.03K -1,042 -8%
HighTower Advisors
33
HighTower Advisors
Illinois
$70K +$63.7K +11,000 New
VWM
34
Venturi Wealth Management
Texas
$64K +$57.9K +10,000 New
Osaic Holdings
35
Osaic Holdings
Arizona
$52K -$2.53K -437 -5%
FF
36
FourThought Financial
Florida
$42K -$49.2K -8,499 -56%
FIA
37
FNY Investment Advisers
New York
$31K -$29K -5,000 -50%
Rockefeller Capital Management
38
Rockefeller Capital Management
New York
$6K +$75 +13 +1%
ME
39
McIlrath & Eck
Washington
$2K – – –
WAM
40
Wolverine Asset Management
Illinois
– -$2.11M -353,980 Closed
MIG
41
Mariner Investment Group
New York
– -$590K -99,061 Closed
Invesco
42
Invesco
Georgia
– -$233K -39,073 Closed
LCM
43
Landscape Capital Management
New Jersey
– -$76K -12,825 Closed
1
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SMM Hedge Fund Activity: Q3 2021 in Review

39 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q3 2021, worth a combined $29.6M — up 36% from $21.9M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new SMM positions and 4 closed out — a net gain of 2 holders — while 7 added to existing stakes and 14 trimmed.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $7.9M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $2.11M sold.

  • 39 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q3 2021, up from 37 in Q2 2021.
  • Funds reported $29.6M of Salient Midstream & MLP Fund stock for Q3 2021, up 36% quarter-over-quarter.
  • 6 funds opened new Salient Midstream & MLP Fund positions in Q3 2021 and 4 closed out, a net change of +2 holders.
  • The largest Salient Midstream & MLP Fund buyer in Q3 2021 was Saba Capital Management, an estimated $7.9M added.
  • The largest Salient Midstream & MLP Fund seller in Q3 2021 was Wolverine Asset Management, an estimated $2.11M sold.

Based on aggregated 13F filings for Q3 2021.