Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
13 hedge funds and large institutions have $20.2M invested in Salient Midstream & MLP Fund in 2013 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 1 reducing their positions, and 1 closing their positions.
700% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 1
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
22% more capital invested
Capital invested by funds: $16.5M → $20.2M (+$3.7M)
8% more funds holding
Funds holding: 12 → 13 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.73M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.63M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.07M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$95.6K |
| 5 |
Morgan Stanley
New York
|
+$74.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$148K |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
-$18K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AAM
1
Advisors Asset Management
Monument,
Colorado
| $9.43M | +$1.63M | +71,051 | +20% |
|
|
2
Bank of America
Charlotte,
North Carolina
| $3.64M | -$148K | -6,443 | -4% |
|
|
GC
3
Guggenheim Capital
Chicago,
Illinois
| $3.34M | +$1.73M | +75,189 | +99% |
|
|
4
Invesco
Atlanta,
Georgia
| $1.77M | +$1.07M | +46,459 | +139% |
|
|
SCA
5
Salient Capital Advisors
Houston,
Texas
| $819K | – | – | – |
|
|
6
Royal Bank of Canada
Toronto,
Ontario, Canada
| $488K | +$95.6K | +4,163 | +23% |
|
|
7
Morgan Stanley
New York
| $463K | +$74.9K | +3,260 | +18% |
|
|
U
8
UBS
Zurich,
Switzerland
| $118K | +$71.5K | +3,113 | +142% |
|
|
JIC
9
Joel Isaacson & Co
New York
| $44K | – | – | – |
|
10
Wells Fargo
San Francisco,
California
| $42K | +$16.1K | +700 | +58% |
|
11
Citigroup
New York
| $24K | +$24.4K | +1,061 | +35,367% |
|
12
Bank of Montreal
Toronto,
Ontario, Canada
| $22K | +$23K | +1,000 | New |
|
13
Barclays
London,
United Kingdom
| $7K | +$7.58K | +330 | New |
|
|
TRCT
14
Tower Research Capital (TRC)
New York
| – | -$18K | -797 | Closed |
|
SMM Hedge Fund Activity: Q3 2013 in Review
13 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q3 2013, worth a combined $20.2M — up 22% from $16.5M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new SMM positions and 1 closed out — a net gain of 1 holder — while 8 added to existing stakes and 1 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $1.73M. The largest seller was Bank of America, cutting an estimated $148K.
- 13 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q3 2013, up from 12 in Q2 2013.
- Funds reported $20.2M of Salient Midstream & MLP Fund stock for Q3 2013, up 22% quarter-over-quarter.
- 2 funds opened new Salient Midstream & MLP Fund positions in Q3 2013 and 1 closed out, a net change of +1 holder.
- The largest Salient Midstream & MLP Fund buyer in Q3 2013 was Guggenheim Capital, an estimated $1.73M added.
- The largest Salient Midstream & MLP Fund seller in Q3 2013 was Bank of America, an estimated $148K sold.
Based on aggregated 13F filings for Q3 2013.