Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
15 hedge funds and large institutions have $28M invested in Salient Midstream & MLP Fund in 2013 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 1 reducing their positions, and 1 closing their positions.
800% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 1
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
39% more capital invested
Capital invested by funds: $20.2M → $28M (+$7.78M)
15% more funds holding
Funds holding: 13 → 15 (+2)
2.81% more ownership
Funds ownership: 9.63% → 12.43% (+2.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.77M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.6M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.39M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$485K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$54.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$22K |
| 2 |
Citigroup
New York
|
-$14K |
SMM Hedge Fund Activity: Q4 2013 in Review
15 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q4 2013, worth a combined $28M — up 39% from $20.2M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new SMM positions and 1 closed out — a net gain of 2 holders — while 9 added to existing stakes and 1 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $1.77M. The largest seller was Bank of Montreal, exiting entirely with an estimated $22K sold.
- 15 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q4 2013, up from 13 in Q3 2013.
- Funds reported $28M of Salient Midstream & MLP Fund stock for Q4 2013, up 39% quarter-over-quarter.
- 3 funds opened new Salient Midstream & MLP Fund positions in Q4 2013 and 1 closed out, a net change of +2 holders.
- The largest Salient Midstream & MLP Fund buyer in Q4 2013 was Guggenheim Capital, an estimated $1.77M added.
- The largest Salient Midstream & MLP Fund seller in Q4 2013 was Bank of Montreal, an estimated $22K sold.
Based on aggregated 13F filings for Q4 2013.